Swedbank’s Annual and Sustainability Report for 2022
Swedbank reported a strong result for 2022 with increased value for owners, customers and employees. The year's profit amounted to SEK 21.9 billion, corresponding to a 13.3 per cent return on equity. Swedbank's climate position was strengthened with new climate targets that clarify how the bank aims to achieve net-zero emissions by 2050. The year 2022 was marked by the war in Ukraine, rising inflation, falling stock markets, continued spread of covid-19, energy supply shortages and ongoing climate change. In our four home markets of Estonia, Latvia, Lithuania and Sweden, growth