Interim report for the second quarter 2016

Birgitte Bonnesen,  President and CEO, comments:

“I am very pleased that the quarter’s profit highlights the stable
profitability, high cost efficiency and strong capitalisation that Swedbank
stands for today.”


Second quarter compared with first quarter 2016

  ·
Strong profit in challenging environment

  ·
Increased lending volumes supported net interest income

  ·
Higher customer activity lifted net commission income

  ·
Sale of Visa Europe generated positive one-off income

  ·
Good cost control

  ·
Solid credit quality, but higher credit impairments in the quarter due to
provisions for individual commitments in oil-related sectors

  ·
Strong capitalisation

  ·
Ratings upgrade to AA- from Fitch
För ytterligare information vänligen kontakta:
Gregori Karamouzis, chef Investerarrelationer, tfn: 0727-40 63 38,
gregori.karamouzis@swedbank.com

Swedbank AB (publ) is required to disclose this information pursuant to
Regulation (EU) No 596/2014 on market abuse, the Swedish Securities Market Act
(2007:528) and/or the regulatory framework of Nasdaq Stockholm). This
information was sent to be published on 21 July 2016 at 07:00 CET.
Swedbank promotes a sound and sustainable financial situation for the many
people, households and companies. Our vision is to contribute to development
“Beyond Financial Growth”. 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 273 branches in Sweden and
143 branches in the Baltic countries. The group is also present in other Nordic
countries, the US and China. As of 30 June 2016 the group had total assets of
SEK 2 476 billion. Read more at www.swedbank.com