Swedbank A

Interim report for the second quarter 2016

Birgitte Bonnesen, President and CEO, comments:

"I am very pleased that the quarter's profit highlights the stable

profitability, high cost efficiency and strong capitalisation that Swedbank

stands for today."

Second quarter compared with first quarter 2016

Strong profit in challenging environment

Increased lending volumes supported net interest income

Higher customer activity lifted net commission income

Sale of Visa Europe generated positive one-off income

Good cost control

Solid credit quality, but higher credit impairments in the quarter due to

provisions for individual commitments in oil-related sectors

Strong capitalisation

Ratings upgrade to AA- from Fitch

För ytterligare information vänligen kontakta:

Gregori Karamouzis, chef Investerarrelationer, tfn: 0727-40 63 38,

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

Regulation (EU) No 596/2014 on market abuse, the Swedish Securities Market Act

(2007:528) and/or the regulatory framework of Nasdaq Stockholm). This

information was sent to be published on 21 July 2016 at 07:00 CET.

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 273 branches in Sweden and

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

countries, the US and China. As of 30 June 2016 the group had total assets of

SEK 2 476 billion. Read more at www.swedbank.com

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