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2016-10-25

Swedbank: Interim report for the third quarter 2016

25 October, 2016

Birgitte Bonnesen, President and CEO comments: "We have decided to
speed up the transformation to the modern bank we want to be, where
customers can do all their daily banking in our digital channels."

Third quarter 2016 compared with second quarter 2016

·
Strong profit driven by income increases

·
Higher net interest income due to increased volumes and lending
margins

·
Net commission income benefited from higher income from cards and
asset management

·
Increased demand for interest rate hedging positive for net gains and
losses on financial items

·
Stable credit quality

·
Stronger capitalisation

[image]

Swedbank AB (publ) is required to disclose this information pursuant
to Regulation (EU) No 596/2014 on market abuse, the Swedish Financial
Instruments Trading Act (1991:980) and/or the regulatory framework of
Nasdaq Stockholm). This information was sent to be published on 25
October 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 640 000 corporate customers and
organisations with 266 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 31 July 2016 the group had total
assets of SEK 2 476 billion.

Read more at www.swedbank.com
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http://news.cision.com/swedbank/r/interim-report-for-the-third-quarter-2...
http://mb.cision.com/Main/67/2107651/579465.pdf

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