Swedbank A - Earnings Release 2019

Swedbank's Interim report for the first quarter 2019

Swedbank's acting President and CEO Anders Karlsson comments:

"Our capital and liquidity position is strong, with a good buffer to the minimum

requirements stated by the Swedish Financial Supervisory Authority."

First quarter 2019 compared with fourth quarter 2018

· Increased loan volumes and lower resolution fund fee supported net interest

income

· Lower net commission income after strong fourth quarter

· Improved market conditions led to higher net gains and losses on financial

items

· Increased expenses due to investigations

· Good credit quality

· Strong capitalisation

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1) 2018 (Q1) results have been restated for changed presentation of tax related

to associates.

2) Other income 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, tel + 46 72 740 6338

Gabriel Francke Rodau, Head of Communication, tel +46 70 144 8966

Unni Jerndal, Press Officer, tel +46 73 092 1180

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 25 April, 2019 at 07.00 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

600 000 corporate customers and organisations with 186 branches in Sweden and

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

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

of SEK 2 246 billion. Read more at www.swedbank.com

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