Swedbank A

Earnings Release • Apr 27, 2021

Swedbank's Interim report for the first quarter 2021

Swedbank's Interim report for the first quarter 2021

Swedbank's President and CEO Jens Henriksson comments: "Better profitability in

a time of major challenges".

First quarter 2021 compared with fourth quarter 2020

· Return on equity increased to 12.8 per cent

· Profit for the period increased by 10 per cent

· Net interest income and net commission income stable

with increased income from asset management

· Expenses according to plan

· Lower credit impairments

· Solid capital and liquidity buffers

[image] [1) ]Other income includes the items Net insurance, Share of profit or

loss of associates and joint ventures and Other income from the Group income

statement.

Contact information:

Annie Ho, Head of Investor Relations, +46 70 343 78 15

Unni Jerndal, Head of Group Press Office, +46 73 092 11 80

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 April 27, 2021 at 07:00 CET.

Swedbank encourage 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 159 branches in Sweden and 82

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

countries, the US and China. Read more at www.swedbank.com