Swedbank A

Earnings Release • Feb 2, 2017

Swedbank´s Year-End Report 2016

Swedbank´s Year-End Report 2016

Birgitte Bonnesen, President and CEO comments:

"Heading into 2016 three of our highest priorities were to improve customer

value, increase efficiency and strengthen employee engagement. In summing up the

past year, I am proud to say that we have made progress in all these areas."

Interim report for the fourth quarter 2016

Fourth quarter 2016 compared with third quarter 2016

· Increased lending volumes supported net interest income

· ŸNet commission income benefited from positive stock market development

· ŸHigher volumes of covered bond repurchases weighed down Treasury's result

· ŸIncreased provisions in oil related sectors

· ŸCosts in line with expectations

· ŸStronger capitalisation

· Proposed dividend per share of SEK 13.20 (10.70)

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

Regulation (EU) No 596/2014 on market abuse, the Swedish Financial Instruments

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

This information was sent to be published on 2 February 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

640 000 corporate customers and organisations with 266 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 September 2016 the group had total assets

of SEK 2 394 billion.

Read more at www.swedbank.com