Second quarter 2017 compared with first quarter 2017

• Strong profit driven by higher income
• Increased mortgage volumes supported net interest income
• Net commission income benefited from higher card and asset management income
• Net gains and losses on financial items positively affected by higher FX trading activity
• Costs in line with expectations
• Additional provisions in oil related sectors
• Strong capitalisation

1) One-off income from sale of Hemnet of SEK 680m during first quarter 2017.
2) One-off income from VISA, SEK 2 115m during first half year 2016 of which Net gains and losses on financial items at fair value SEK 457m and Other income SEK 1 658m.
3) Other income in the table above includes the items Net insurance, Share of profit or loss of associates, and Other income from the Group income statement.

For more information, contact:
Gregori Karamouzis, Head of Investor Relations, Telephone +46 72 740 63 38
Josefine Uppling, Press Officer, Telephone +46 76 114 54 21

This announcement involves the disclosure of inside information
Swedbank AB (publ) is required to disclose this information pursuant to Regulation (EU) No 596/2014 on market abuse, the Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments Trading Act (1991:980) and the regulatory framework of Nasdaq Stockholm. This information was sent to be published on 19 July, 2017 at 07.00 CET.