Swedbank A

Earnings Release • Apr 29, 2025

Swedbank's Interim report for the first quarter 2025

Swedbank's Interim report for the first quarter 2025

Swedbank´s President and CEO Jens Henriksson comments: "Swedbank stands strong

in uncertain times".

· Return on equity 15.2%

· Strict cost control is producing results

· Establishment of a Nordic investment bank - SB1 Markets - together with

SpareBank 1

Financial information Q1 Q4 Q1

SEKm 2025 2024 % 2024 %

Total income 17?329 18?634 -7 18?087 -4

Net interest income  11?489  12?274  -6  12?599  -9

Net commission income  4?052  4?285  -5  3?976  2

Net gains and losses on 541  923  -41  682  -21

financial items

Other income¹  1?247  1?152  8  831  50

Total expenses 6?115 6?740 -9 6?185 -1

Profit before impairments, 11?214 11?894 -6 11?902 -6

bank taxes and resolution

fees

Impairment of tangible and 0  757  -100  0

intangible assets

Credit impairments  -141  -394  -64  144

Bank taxes and resolution 929  858  8  1?104  -16

fees

Profit before tax 10?425 10?673 -2 10?654 -2

Tax expense  2?229  2?208  1  2?226  0

Profit for the period  8?196 8?465 -3 8?428 -3

Earnings per share, SEK, 7.26  7.50  7.47

after dilution

Return on equity, %  15.2  15.8  16.9

C/I ratio  0.35  0.36  0.34

Common Equity Tier 1 capital 19.7  19.8  19.3

ratio, %

Credit impairment ratio, %  -0.03  -0.08  0.03

1) Other income includes the

items Net insurance, Share

of profit or loss of

associates and joint

ventures, and Other income

from the Group income

statement.

Contact:

Magnus Alvesson, Acting Head of Investor Relations, phone +46 70 610 3341, e

-mail magnus.alvesson@swedbank.se

Hannes Mård, Head of Press, phone +46 73 057 4195, e-mail

hannes.mard@swedbank.se

This information constitutes inside information that Swedbank AB (publ) is

obliged to make public pursuant to the EU Market Abuse Regulation (EU no

596/2014). The information was submitted for publication, through the agency of

the contact person set out above, April 29 2025, at 07:00 CEST.

Swedbank empowers the many people and businesses to create a better future. Our

vision is a financially sound and sustainable society. Swedbank Group is the

leading bank with over 7 million retail customers and 550 000 corporate

customers in our four home markets Sweden, Estonia, Latvia and Lithuania.

Swedbank Group is also present in other Nordic countries, the U.S. and China.

Together we make your financial life easier. Find out more: www.swedbank.com