The Swedish Tax Agency grants Swedbank VAT refund

18 Nov 2025 08:00 CET

According to decisions by the Swedish Tax Agency, Swedbank has paid too much VAT
for the years 2019, 2020, 2022 and 2023. The Swedish Tax Agency therefore
reimburses a total of SEK 837 million to Swedbank, which reduces Swedbank's
costs by the same amount in the fourth quarter of 2025.

The Swedish Tax Agency has approved a new method for calculating deductible VAT.
Swedbank earlier this year received similar VAT refunds for 2016-2018 and has
also communicated that the bank had applied for a refund for 2019-2023. Swedbank
is thereby awaiting a decision regarding 2021.

Contact:

Maria Caneman, head of Investor Relations, tel: +46 72?238 32 10, e-mail:
maria.caneman@swedbank.se
Love Liman Jacobsson, press officer, tel: +46 72?233 92 32, e-mail:
love.liman.jacobsson@swedbank.se

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

659915_Press_release_VAT_Repayments.pdf