Swedbank A

Earnings Release • Jul 19, 2017

Interim report for the second quarter 2017

Interim report for the second quarter 2017

Swedbank's President and CEO Birgitte Bonnesen comments: "During the second

quarter we made several strategic decisions and implemented initiatives to

create value-added for our customers."

Second quarter 2017 compared with first quarter 2017

· Strong profit driven by higher income

· Increased mortgage volumes supported net interest income

· Net commission income benefited from higher card and asset management income

· Net gains and losses on financial items positively affected by higher FX

trading activity

· Costs in line with expectations

· Additional provisions in oil related sectors

· Strong capitalisation

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1) One-off income from sale of Hemnet of SEK 680m during first quarter 2017.

2) One-off income from VISA, SEK 2 115m during first half year 2016 of which Net

gains and losses on financial items at fair value SEK 457m and Other income SEK

1 658m.

3) Other income in the table above includes the items Net insurance, Share of

profit or loss of associates, and Other income from the Group income statement.

For more information, contact:

Gregori Karamouzis, Head of Investor Relations, Telephone +46 72 740 63 38

Josefine Uppling, Press Officer, Telephone +46 76 114 54 21

This announcement involves the disclosure of inside information

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

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

(2007:528), the Swedish Financial Instruments Trading Act (1991:980) and the

regulatory framework of Nasdaq Stockholm. This information was sent to be

published on 19 July, 2017 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

650 000 corporate customers and organisations with 241 branches in Sweden

and 141 branches in the Baltic countries. The group is also present in other

Nordic countries, the US and China. As of 31 March 2017 the group had total

assets of SEK 2 488 billion.

Read more at www.swedbank.com