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Erik Odhnoff new Chief Credit Officer at Swedbank

Erik Odhnoff has been appointed as the Head of Group Credit at Swedbank and will

thereby become part of the Group Executive Committee. He will take on his new

position on 1 August, replacing Lars-Erik Danielsson.

"With solid knowledge of credit, broad business experience and good leadership

qualities, Erik is very well suited to take on the role of Chief Credit

Officer," says Jens Henriksson, President and CEO of Swedbank.

Erik Odhnoff is currently the Deputy Chief Credit Officer and has been employed

by Swedbank since 2000. He holds a Master of Science degree in business and

economics with a major in finance from Stockholm University.

"A sound and sustainable credit process is at the core of Swedbank's mission and

strategy. I look forward to continuing to lead these efforts in my new role,"

says Erik Odhnoff, incoming Chief Credit Officer at Swedbank.

Lars-Erik Danielsson will remain in his role as Chief Credit Officer until the

summer, after which he will be available for credit matters. Next year, he will

leave the bank after holding his current role since 2012.

"Lars-Erik is an appreciated colleague who has done excellent work as Chief

Credit Officer for more than a decade. On behalf of the entire bank, I would

like to thank him for his efforts," says Jens Henriksson.

Contact:

Hannes Mård, Media Relations Manager

Telephone: +46 (0)73 057 41 95

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

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