Swedbank's Annual and Sustainability Report for 2022

23 Feb 2023 12:00 CET

Swedbank reported a strong result for 2022 with increased value for owners,
customers and employees. The year's profit amounted to SEK 21.9 billion,
corresponding to a 13.3 per cent return on equity. Swedbank's climate position
was strengthened with new climate targets that clarify how the bank aims to
achieve net-zero emissions by 2050.

The year 2022 was marked by the war in Ukraine, rising inflation, falling stock
markets, continued spread of covid-19, energy supply shortages and ongoing
climate change. In our four home markets of Estonia, Latvia, Lithuania and
Sweden, growth rates fell and real wage growth was negative.

"In these times, it is essential that we are a sustainable, and thus a
profitable bank. By being profitable, we contribute to a financially sound and
sustainable society. When we are profitable, we can support our customers, pay a
dividend to our owners and at the same time continue to develop the bank. And we
contribute to the financial stability of our customers, our employees and
society as a whole," says Jens Henriksson, President and CEO.

Energy supply and the climate were in focus for Swedbank's sustainability work,
and one of the most important tasks was to support the bank's corporate
customers in the climate transition. Swedbank has a clear position on climate
change. We have played a part in society's transition for some time and see
great opportunities in playing an active role in energy efficiency.

During the year, a new framework for sustainable financing and funding was
launched: the Swedbank Sustainable Funding Framework. The framework includes
several new categories, as well as criteria for social loans. The inclusion of
social sustainability issues in the bank's sustainable funding framework is an
important first step, and is in line with the bank's strategy and history of
strong societal engagement.

"It is gratifying to see how we, as a bank, can contribute to sustainability in
practice. We are proud to provide our customers with offerings that enable them
to start regular monthly savings in sustainability funds, install solar panels
on their homes or make energy-efficiency improvements," says Fredrik Nilzén,
Head of Group Sustainability.

For 2022, the following reports are now available for download on swedbank.com:

· Swedbank Annual and Sustainability Report 2022 (PDF), as well as in European
Single Electronic Format (ESEF)
· Risk and Capital Adequacy Report 2022 (PDF)
· Factbook ESG/Sustainability (xlsx)

Contact:

Annie Ho, Head of Investor Relations, tel. +46 70 343 78 15

Fredrik Nilzén, Head of Group Sustainability, tel. +46 76 773 19 26

Ralf Bagner, Media Relations Manager, tel. +46 73 042 16 49

This disclosure contains information that Swedbank is obliged to make public
pursuant to the Swedish Securities Markets Act (2007:528). The information was
submitted for publication, through the agency of the contact person, on February
23, 2023, at 12:00 CET



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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