Swedbank A

Anders Karlsson new CFO at Swedbank

Göran Bronner has communicated that he will leave Swedbank. Birgitte Bonnesen,

Acting CEO, has appointed Anders Karlsson as CFO.

Anders Karlsson, currently CRO, will assume his new role in connection with the

bank's publication of the financial report for the second quarter 2016. A

recruitment process to find a new CRO will begin.

- Anders has considerable experience from the banking industry and has held

several key executive positions within Swedbank over many years. I am therefore

pleased that Anders will become the new CFO, says Birgitte Bonnesen.

Göran Bronner will leave as CFO in connection with the bank's publication of the

financial report for the second quarter on 18 July 2016.

- Göran has greatly contributed to Swedbank today being one of Europe's

strongest banks with low risk and sustainable profitability. He is and has been

an appreciated colleague. I am pleased that Göran will stay until the financial

report for the second quarter 2016, ensuring a good transition, says Birgitte

Bonnesen.

- I have enjoyed my years at Swedbank. I have considered doing something else

for some time, and I have now decided to leave the bank, says Göran Bronner.

According to his employment contract, Göran Bronner is entitled to salary during

his notice period, which is six months. The notice period starts on 19 July

Swedbank AB (publ) is required to disclose this information pursuant to the

Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments

Trading Act (1991:980) and/or the regulatory framework of Nasdaq Stockholm).

This information was sent to be published on March 21 2016 at 07.00 CET.

For further information, please contact:

Cecilia Hernqvist, Head of Group Communication, Swedbank, phone +46 70 681 07 39

Claes Warrén, acting Press Manager, Swedbank, phone +46 70 375 00 54

Swedbank promotes a sound and sustainable financial situation for the many

people, households and companies. Our vision is to contribute to development

"Beyond Financial Growth". As a leading bank in the home markets of Sweden,

Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial

services and products. Swedbank has over 7 million retail customers and around

600 000 corporate customers and organisations with 275 branches in Sweden and

144branches in the Baltic countries. The group is also present in other Nordic

countries, the US and China.

As of 31 December 2015 the group had total assets of SEK 2 149 billion. Read

more at www.swedbank.com

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