Swedbank AB Swedbank's Interim report for the third quarter... (3835R)

TIDM81BO

RNS Number : 3835R

Swedbank AB

26 October 2023

Press Release

October 26 2023

Swedbank's Interim report for the third quarter 2023

Swedbank's President and CEO Jens Henriksson comments: "Another strong result in a weaker economy".

   --    Slightly higher income in the quarter - stable volumes 
   --    Lower expenses - cost/income ratio 0.30 
   --    Solid credit quality despite weaker macroeconomic outlook and ratings migration 
   --    Strong capitalisation and strong liquidity 
   --    Swedbank issued first ever social bond by a Nordic bank 
   --    Swedbank establishes the Institute for Financial Health to promote financial literacy

Contact:

Annie Ho , Head of Investor Relations, +46 70 343 7815

Unni Jerndal , Senior Advisor, +46 73 092 1180

http://www.rns-pdf.londonstockexchange.com/rns/3835R_1-2023-10-26.pdf

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, October 26 2023, at 07:00 CEST.

Swedbank empowers the many people and businesses to create a better future. Our vision is a financially sound and sustainable society. Swedbank 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 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

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October 26, 2023 02:00 ET (06:00 GMT)

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