Swedbank A

Annual Report • Feb 22, 2024

Swedbank's Annual and Sustainability Report 2023

Swedbank's Annual and Sustainability Report 2023

During 2023, important steps were taken in the "Swedbank 15/25" business plan

with the goal of delivering a sustainable return on equity of at least 15

percent 2025. The organisation has been adapted to grow in prioritised customer

segments, and the business has been streamlined and focused on core operations

with new strategic partnerships. At the same time, the bank's position in

sustainability is being moved forward.

2023 was a year of focus on security issues, sustainability, and inflation

reduction. Households and businesses were affected by the central banks' fight

against inflation, which began to show results at the end of the year.

"Swedbank is there for customers in both better and worse times. We shall have

the best overall offer on the market and contribute to sustainability. At the

same time, we create value for owners and society through the dividends

generated. A sustainable bank is a profitable bank," says president and CEO Jens

Henriksson.

In 2023, Swedbank became the first Nordic bank to issue a social bond of EUR 500

million. The bond is a tool for promoting lending to businesses that contribute

to a positive social development.

Swedbank has continued to strengthen its offering of financial services to

customers with energy advice and green loans. In Estonia and Latvia, the bank's

offering of a selection of green loans, with a 0% interest margin during the

first two years, has been very popular.

"Sustainability is at the core of our business strategy. We maintain our

momentum in working for a long-term socially and environmentally sustainable

society by strengthening and developing our customer offering," says Johanna

Fager Wettergren, Head of Sustainability at Swedbank.

Cyber threats continue to be a reality where many actors in Swedish society are

at risk. The problem of fraud affecting bank customers has also grown during the

year, leading to increased measures from the bank.

"The fight against financial crime is ultimately about a sustainable society.

Swedbank is acting vigorously against external threats, including by combating

money laundering, terrorist financing and fraud. Cooperation between the public

and private sectors has also been further strengthened in 2023," says Jens

Henriksson.

For 2023 the following reports are now available for download on

swedbank.com (https://www.swedbank.com/investor-relations/reports-and

-presentations.html):

.    Swedbank Annual and Sustainability Report 2023 (PDF), as well as in

European Single Electronic Format (ESEF)

.    Risk and Capital Adequacy Report 2023 (PDF)

.    Factbook ESG/Sustainability (xlsx)

Contact:

Annie Ho (annie.ho@swedbank.com), Head of Investor Relations,+46 70 343 78 15

Hannes Mård (hannes.mard@swedbank.se), Media Relations Manager, +46 73-057 41 95

This information constitutes inside information that Swedbank is obliged to make

public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The

information was submitted for publication, through the agency of the contact

person set out above, February 22, 2024, at 12:00 CET.

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