Swedbank A

Report Publication Announcement • Feb 20, 2025

Swedbank's Annual and Sustainability Report 2024

Swedbank's Annual and Sustainability Report 2024

Today Swedbank has published its Annual and Sustainability Report for 2024.

"Swedbank delivered a strong result for 2024. We have been there for our

customers, had good cost control and solid credit quality. A sustainable bank is

a profitable bank," says Jens Henriksson, President and Chief Executive Officer.

The bank's return on equity amounted to 17.1 per cent for the year, while the

cost-to-income ratio amounted to 0.34. Swedbank's Board of Directors has

proposed a dividend of SEK 21.70 per share for 2024. As a profitable bank,

Swedbank gives back to society through its owners: the Savings Banks, insurance

companies, pension funds, individual investors and foundations.

During the year, the bank intensified its work in sustainability and financial

health. In total, the sustainable assets that qualify for Swedbank's Sustainable

Funding Framework increased by 70 per cent during the year, and of the bonds the

bank arranged, 36 per cent were sustainable, according to the established

criteria.

In Sweden, Swedbank provided personal finance education and insights to 100 000

children and young people during the year through the Young Economy initiative

together with schools, sport clubs and associations, thus helping to build

financial health.

In the Annual and Sustainability Report for 2024, the bank has chosen to apply

the Corporate Sustainability Reporting Directive (CSRD), voluntarily and earlier

than required. The aim of the CSRD is to make sustainability reporting more

comparable and reliable.

Swedbank's promise to its customers is a simpler financial life. In 2024, the

bank accelerated investments in its advisory platform, in a cloud-based

communication platform, and in an improved end-to-end lending process, to

facilitate contact and communication with customers.

"We look forward to meeting our shareholders at our Annual General Meeting on

March 26, where we will share more information on how we have developed our

business during 2024," Jens Henriksson says.

The Annual and Sustainability Report for 2024, and other annual reports, are

available for download at swedbank.com (https://www.swedbank.com/investor

-relations/reports-and-presentations.html).

This information is information that Swedbank AB (publ) is obliged to make

public pursuant to the Securities Market Act (2007:528). The information was

submitted for publication through the agency of the contact person set out above

on 20 February 2025, at 12:00 CET.

Contact:

Love Liman Jacobsson (love.liman.jacobsson@swedbank.se), Press Communicator,

tel. +46 72 233 92 32

Magnus Alvesson (magnus.alvesson@swedbank.com), Head of Investor Relations

(Acting), tel. +46 70 610 33 41

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