Swedbank A - Earnings Release 2018

Swedbank's interim report for the second quarter 2018

Swedbank's President and CEO comments: "We are maintaining a high level of

activity while working intensely to improve our offerings and ensure the bank's

future competitiveness."

Second quarter 2018 compared with first quarter 2018

· Lending growth remains strong

· Higher net commission income due to higher income from cards and asset

management

· Sale of UC produced capital gain

· Costs in line with expectations

· Good credit quality

· High capitalization

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For further information:

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

Josefine Uppling, Head of Press Office, Swedbank, tel +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 18 July, 2018 at 7.00 CET.

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Swedbank encourages a sound and sustainable financial situation for the many

households and businesses. 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

620 000 corporate customers and organisations with 205 branches in Sweden and

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

countries, the US and China. As of 31 March, 2018 the group had total assets of

SEK 2 469 billion. Read more at www.swedbank.com

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