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Swedbank: Interim report for the second quarter 2016

21 July 2016

Birgitte Bonnesen, President and CEO, comments:

"I am very pleased that the quarter's profit highlights the stable
profitability, high cost efficiency and strong capitalisation that
Swedbank stands for today."

Second quarter compared with first quarter 2016

Strong profit in challenging environment

Increased lending volumes supported net interest income

Higher customer activity lifted net commission income

Sale of Visa Europe generated positive one-off income

Good cost control

Solid credit quality, but higher credit impairments in the quarter due
to provisions for individual commitments in oil-related sectors

Strong capitalisation

Ratings upgrade to AA- from Fitch

För ytterligare information vänligen kontakta:
Gregori Karamouzis, chef Investerarrelationer, tfn: 0727-40 63 38,

Swedbank AB (publ) is required to disclose this information pursuant
to Regulation (EU) No 596/2014 on market abuse, the Swedish
Securities Market Act (2007:528) and/or the regulatory framework of
Nasdaq Stockholm). This information was sent to be published on 21
July 2016 at 07:00 CET.

Swedbank promotes a sound and sustainable financial situation for the
many people, households and companies. Our vision is to contribute to
development "Beyond Financial Growth". As a leading bank in the home
markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a
wide range of financial services and products. Swedbank has over 7
million retail customers and around 600 000 corporate customers and
organisations with 273 branches in Sweden and 143 branches in the
Baltic countries. The group is also present in other Nordic
countries, the US and China. As of 30 June 2016 the group had total
assets of SEK 2 476 billion.


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