Swedbank AB Swedbank's Interim report first quarter 2023 (6697X)

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RNS Number : 6697X

Swedbank AB

27 April 2023

Press Release

April 27, 2023

Swedbank's Interim report for the first quarter 2023

Swedbank's President and CEO Jens Henriksson comments: "Swedbank stands strong with good credit quality, strong liquidity and solid capitalisation".

   --    Stronger result - all income lines increased 
   --    Net interest income increased - deposit margins rose while mortgage margins fell 
   --    Good credit quality in a turbulent quarter 
   --    Strong liquidity - large reserves with central banks 
   --    Solid capitalisation - dividend of SEK 9.75 per share approved 

-- Index and goal for financial health - Swedbank is investing in financial literacy and comfort by offering practical advice

http://www.rns-pdf.londonstockexchange.com/rns/6697X_1-2023-4-27.pdf

Contact:

Annie Ho , Head of Investor Relations, tel: [phone]

Unni Jerndal , Senior Advisor, tel. [phone]

This disclosure contains information that Swedbank is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on April 27, 2023, 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 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 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 .

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April 27, 2023 02:00 ET (06:00 GMT)