TIDM81BO

RNS Number : 3505G

Swedbank AB

18 July 2023

Press Release

July 18, 2023

Swedbank's Interim report for the second quarter 2023

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

   --    Profit was strengthened - higher income and lower expenses 
   --    Net interest income rose due to higher deposit margins 
   --    Lower credit impairments and solid credit quality 
   --    Stronger liquidity and high activity in funding markets 
   --    Strong capitalisation - lower buffer due to increased countercyclical requirement 
   --    Reorganisation to strengthen corporate business

Contact:

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

Unni Jerndal, Senior Advisor, +46 73 092 1180

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, July 18 2023, at 06:30 CEST.

Download the full report as PDF:

http://www.rns-pdf.londonstockexchange.com/rns/3505G_1-2023-7-18.pdf

Swedbank ger de många människorna och företagen möjlighet att skapa en bättre framtid. Vår vision är ett samhälle som är ekonomiskt sunt och hållbart. Swedbank Group är den ledande banken med över 7 miljoner privatkunder och 550 000 företagskunder på våra fyra hemmamarknader Estland, Lettland, Litauen och Sverige. Koncernen är också verksam i övriga Norden, USA och Kina. Tillsammans gör vi ditt finansiella liv enklare. Läs mer på: www.swedbank.se

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