Fourth quarter 2019 compared with third quarter 2019

• Lower net interest income weighed down by lower lending margins
• Higher asset management valuations and corporate finance activity strengthened net commission income
• Higher net gains and losses on financial items due to favourable market development
• Increased expenses affected by investigations as well as higher IT and staff costs
• Higher credit impairments due to additional provisions for previously known oil-related problem loans 
• Strong capitalisation
• Proposed dividend per share of SEK 8.80 (14.20) for 2019

1) Other income 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, tel + 46 72 740 6338
Unni Jerndal, Press Officer, tel +46 73 092 1180

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 28 January, 2020 at 07:00 CET.