Swedbank’s Interim report for the first quarter 2022

Swedbank´s President and CEO Jens Henriksson comments: “In these turbulent times, Swedbank stands strong”.

First quarter 2022 compared with fourth quarter 2021

• Higher corporate lending and slight increase in net interest income
• Market turbulence negatively affected net commission income and net gains and losses on financial items
• Low exposure to Russia, Belarus and Ukraine
• Continued good credit quality and low credit impairments
• Dividend of SEK 11.25 per share including special dividend approved by the Annual General Meeting – continued strong capitalisation

1) Presentation of the Income statement has been changed, see note 28.

2) Other income includes the items Net insurance, Share of profit or loss of associates and joint ventures and Other income from the Group income statement.

3) The Swedish bank tax (risk tax on credit institutions) came into force on 1 January 2022.

Contact:

Annie Ho, Head of Investor Relations, annie.ho@swedbank.com, +46 70 343 7815  

Unni Jerndal, Senior Advisor, unni.jerndal@swedbank.com, +46 73 092 1180

This disclosure contains information that Swedbank is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on April 28, 2022, at 07:00 CET.
 

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