Swedbank's Annual and Sustainability Report 2024

20 Feb 2025 12:00 CET

Today Swedbank has published its Annual and Sustainability Report for 2024.

"Swedbank delivered a strong result for 2024. We have been there for our
customers, had good cost control and solid credit quality. A sustainable bank is
a profitable bank," says Jens Henriksson, President and Chief Executive Officer.

The bank's return on equity amounted to 17.1 per cent for the year, while the
cost-to-income ratio amounted to 0.34. Swedbank's Board of Directors has
proposed a dividend of SEK 21.70 per share for 2024. As a profitable bank,
Swedbank gives back to society through its owners: the Savings Banks, insurance
companies, pension funds, individual investors and foundations.

During the year, the bank intensified its work in sustainability and financial
health. In total, the sustainable assets that qualify for Swedbank's Sustainable
Funding Framework increased by 70 per cent during the year, and of the bonds the
bank arranged, 36 per cent were sustainable, according to the established
criteria.

In Sweden, Swedbank provided personal finance education and insights to 100 000
children and young people during the year through the Young Economy initiative
together with schools, sport clubs and associations, thus helping to build
financial health.

In the Annual and Sustainability Report for 2024, the bank has chosen to apply
the Corporate Sustainability Reporting Directive (CSRD), voluntarily and earlier
than required. The aim of the CSRD is to make sustainability reporting more
comparable and reliable.

Swedbank's promise to its customers is a simpler financial life. In 2024, the
bank accelerated investments in its advisory platform, in a cloud-based
communication platform, and in an improved end-to-end lending process, to
facilitate contact and communication with customers.

"We look forward to meeting our shareholders at our Annual General Meeting on
March 26, where we will share more information on how we have developed our
business during 2024," Jens Henriksson says.

The Annual and Sustainability Report for 2024, and other annual reports, are
available for download at swedbank.com (https://www.swedbank.com/investor
-relations/reports-and-presentations.html).

This information is information that Swedbank AB (publ) is obliged to make
public pursuant to the Securities Market Act (2007:528). The information was
submitted for publication through the agency of the contact person set out above
on 20 February 2025, at 12:00 CET.

Contact:
Love Liman Jacobsson (love.liman.jacobsson@swedbank.se), Press Communicator,
tel. +46 72 233 92 32
Magnus Alvesson (magnus.alvesson@swedbank.com), Head of Investor Relations
(Acting), tel. +46 70 610 33 41

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:
Access the news on Oslo Bors NewsWeb site

639273_Group_Pillar_3_Annual_Report_2024_Q4.pdf
639273_Swedbank_Annual_and_Sustainability_Report_ENG_250220.pdf
639273_swed_2024_12_31_0_sv.zip
639273_Press_Release_Annual_Report.pdf