Swedbank A

Quarterly Report • Oct 23, 2024

Swedbank's Interim report for the third quarter 2024

Swedbank's Interim report for the third quarter 2024

Swedbank´s President and CEO Jens Henriksson comments: "Swedbank delivers a

strong result."

· Strong quarter further supported by positive one-off and timing effects.

· Solid credit quality.

· Most loved brand in the Baltic countries for sixth consecutive year.

Financial information Q3 Q2 Jan Jan

-Sep -Sep

SEKm 2024 2024 % 2024 2023 %

Total income 19 146 18 237 5 55 470 54 028 3

Net interest income 12 229 12 165 1 36 993 37 605 -2

Net commission income 4 286 4 169 3 12 430 11 334 10

Net gains and losses on 1 170 911 28 2 763 2 093 32

financial items

Other income¹ 1 461 991 47 3 283 2 997 10

Total expenses 5 986 6 465 -7 18 636 17 689 5

of which administrative 0 0 0 887 -100

fines

Profit before impairments, 13 160 11 772 12 36 834 36 339 1

bank taxes and resolution

fees

Impairment of tangible and 0 32 -100 32 13

intangible assets

Credit impairments 271 -289 126 1 311 -90

Bank taxes and resolution 1 012 1 045 -3 3 162 2 472 28

fees

Profit before tax 11 876 10 983 8 33 513 32 542 3

Tax expense 2 497 2 388 5 7 112 6 734 6

Profit for the period 9 379 8 595 9 26 401 25 808 2

Earnings per share, SEK, 8.30 7.61 23.37 22.90

after dilution

Return on equity, % 18.4 17.5 17.5 18.9

C/I ratio 0.31 0.35 0.34 0.33

Common Equity Tier 1 capital 20.4 20.1 20.4 18.7

ratio, %

Credit impairment ratio, % 0.06 -0.06 0.01 0.09

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:

Annie Ho (Annie.Ho@swedbank.se), Head of Investor Relations, tel. +46 70 343 78

15

Charlotte Nilsson (charlotte.nilsson@swedbank.se), Media Relations Manager, tel.

+46 76 534 66 12

This information constitutes inside information that Swedbank is obliged to make

public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The

information was submitted for publication, through the agency of the contact

person set out above, 23 October 2024, at 07:00 CEST.

Swedbank empowers the many people and businesses to create a better future. Our

vision is a financially sound and sustainable society. Swedbank Group is the

leading bank with over 7 million retail customers and 550 000 corporate

customers in our four home markets Sweden, Estonia, Latvia and Lithuania.

Swedbank Group is also present in other Nordic countries, the U.S. and China.

Together we make your financial life easier. Find out more: www.swedbank.com