Swedbank's Annual and Sustainability Report 2023

22 Feb 2024 12:00 CET

During 2023, important steps were taken in the "Swedbank 15/25" business plan
with the goal of delivering a sustainable return on equity of at least 15
percent 2025. The organisation has been adapted to grow in prioritised customer
segments, and the business has been streamlined and focused on core operations
with new strategic partnerships. At the same time, the bank's position in
sustainability is being moved forward.

2023 was a year of focus on security issues, sustainability, and inflation
reduction. Households and businesses were affected by the central banks' fight
against inflation, which began to show results at the end of the year.

"Swedbank is there for customers in both better and worse times. We shall have
the best overall offer on the market and contribute to sustainability. At the
same time, we create value for owners and society through the dividends
generated. A sustainable bank is a profitable bank," says president and CEO Jens
Henriksson.

In 2023, Swedbank became the first Nordic bank to issue a social bond of EUR 500
million. The bond is a tool for promoting lending to businesses that contribute
to a positive social development.

Swedbank has continued to strengthen its offering of financial services to
customers with energy advice and green loans. In Estonia and Latvia, the bank's
offering of a selection of green loans, with a 0% interest margin during the
first two years, has been very popular.

"Sustainability is at the core of our business strategy. We maintain our
momentum in working for a long-term socially and environmentally sustainable
society by strengthening and developing our customer offering," says Johanna
Fager Wettergren, Head of Sustainability at Swedbank.

Cyber threats continue to be a reality where many actors in Swedish society are
at risk. The problem of fraud affecting bank customers has also grown during the
year, leading to increased measures from the bank.

"The fight against financial crime is ultimately about a sustainable society.
Swedbank is acting vigorously against external threats, including by combating
money laundering, terrorist financing and fraud. Cooperation between the public
and private sectors has also been further strengthened in 2023," says Jens
Henriksson.

For 2023 the following reports are now available for download on
swedbank.com (https://www.swedbank.com/investor-relations/reports-and
-presentations.html):

.    Swedbank Annual and Sustainability Report 2023 (PDF), as well as in
European Single Electronic Format (ESEF)
.    Risk and Capital Adequacy Report 2023 (PDF)
.    Factbook ESG/Sustainability (xlsx)

Contact:
Annie Ho (annie.ho@swedbank.com), Head of Investor Relations,+46 70 343 78 15
Hannes Mård (hannes.mard@swedbank.se), 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, February 22, 2024, 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 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

More information:
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611578_Annual_and_Sustainability_Report_2023.pdf
611578_Risk_Management_and_Capital_Adequacy_Report_Pillar_3_Annual_Report_2023.pdf
611578_swed_2023_12_31_sv.zip