Swedbank (SWED) Investor presentation summary

Strategic direction and business model

• Focus on empowering individuals and businesses for a sustainable future, with a vision of financial soundness and societal sustainability.

• Large customer base in Sweden and the Baltics, with over 7 million private and 551,000 corporate customers.

• Digital and physical presence, with 142 branches in Sweden and 72 in the Baltics.

• Maintains strong cost efficiency, low risk profile, and robust capital generation.

• Ongoing U.S. investigations related to AML, but no ongoing cases with Swedish or Baltic authorities.

Financial performance Q1 2025

• Total income of SEK 17.3bn and net profit of SEK 8.2bn, with a return on equity of 15.2%.

• Cost/income ratio at 0.35, credit impairment ratio at -3 bps, and CET1 capital ratio at 19.7%.

• Lending volumes stable at SEK 1,809bn, with deposit volumes at SEK 1,287bn.

• Net interest income decreased by 6.4% QoQ due to lower customer rates and deposit expenses.

• Expenses seasonally lower, supported by VAT recovery and stable staff costs.

Sustainability and ESG initiatives

• Sustainable Asset Register exceeds SEK 136bn, with strong growth in green and social assets.

• Ambitious climate targets: carbon neutrality by 2050, 60% reduction in direct emissions by 2030, and 3x growth in sustainable lending by 2027.

• Sector-specific 2030 targets include significant emission reductions in mortgages, real estate, oil & gas, power generation, steel, and shipping.

• Active in biodiversity initiatives and partnerships to promote sustainable agriculture and forestry.

• High ESG ratings from ISS, MSCI, and Sustainalytics.