TIDM81BO

RNS Number : 6835A

Swedbank AB

24 January 2024

Press Release

January 24, 2024

Swedbank's Year-end report 2023

Swedbank's President and CEO Jens Henriksson comments: "Swedbank stands strong in turbulent times".

   --    Increased income during the year 
   --    Good cost control - C/I ratio 0.33 
   --    Solid credit quality in a weaker economy 
   --    Strong capitalisation and liquidity

-- Swedbank 15/25 - we are delivering on the strategic plan of a sustainable return on equity of at least 15 per cent by 2025

   --    Proposed dividend of SEK 15.15 per share

Contact:

Annie Ho , Head of Investor Relations, +46 70 343 7815

Hannes Mård , Media Relations Manager, +46 73 057 41 95

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, January 24, 2024, at 07:00 CET.

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

http://www.rns-pdf.londonstockexchange.com/rns/6835A_1-2024-1-23.pdf

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January 24, 2024 02:00 ET (07:00 GMT)

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