Comment to the SFSA decision on an administrative fine

The Swedish Financial Supervisory Authority (SFSA) announced today that Swedbank has been fined SEK 12.5 million for violations of the protective security regulation. The decision concerns documentation shortcomings in the bank’s protective security analyses.

The SFSA’s audit of Swedbank’s compliance with protective security analysis was initiated in February 2024.

"Swedbank’s protective security is robust. The documentation shortcomings were remedied more than a year ago. The assessment is that these have not affected our protective security," says Jens Henriksson, President and CEO of Swedbank.

Contact:
Hannes Mård, Head of Press, phone +46 73 057 4195, e-mail hannes.mard@swedbank.se
Magnus Alvesson, Acting Head of Investor Relations, phone +46 70 610 3341, e-mail magnus.alvesson@swedbank.se

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