Swedbank A

Swedbank's Year-end report 2019

Swedbank's President and CEO Jens Henriksson comments: "I want to simplify and

clarify, which will strengthen the management team and at the same time provide

more decision-making power throughout the bank."

Fourth quarter 2019 compared with third quarter 2019

· Lower net interest income weighed down by lower lending margins

· Higher asset management valuations and corporate finance activity

strengthened net commission income

· Higher net gains and losses on financial items due to favourable market

development

· Increased expenses affected by investigations as well as higher IT and staff

costs

· Higher credit impairments due to additional provisions for previously known

oil-related problem loans

· Strong capitalisation

· Proposed dividend per share of SEK 8.80 (14.20) for 2019

[image] 1) 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

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 28 January, 2020 at 07:00 CET.

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 173 branches in Sweden and

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

countries, the US and China. As of 30 September, 2019 the group had total assets

of SEK 2 507 billion. Read more at www.swedbank.com

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