Swedbank (SWED) Investor presentation summary

Financial performance and key metrics

• Net profit for Q4 2024 was SEK 8.5bn, with a full-year net profit of SEK 34.9bn and EPS after dilution of SEK 30.86.

• Return on equity reached 15.8% in Q4 and 17.1% for the full year; cost/income ratio was 0.36 in Q4 and 0.34 for the year.

• CET1 capital ratio stood at 19.8% with a buffer of 460bps, and the liquidity coverage ratio was 201%.

• Lending volumes increased slightly to SEK 1,796bn, while deposit volumes rose to SEK 1,285bn.

• Credit impairment ratio was -8bps in Q4, with full-year credit impairments at SEK -268m.

Strategic direction and business priorities

• Focus on leveraging a proven business model and pricing strategy, with a slight decrease in net interest income due to strong prior-year growth.

• Growth in savings, pensions, and insurance, especially in the Baltics, and expansion of green mortgage loans.

• Emphasis on operational excellence and seamless customer experience, with over 10,000 customers in Premium and Private banking.

• Values center on empowering people and businesses, promoting sustainability, and maintaining a sound financial society.

Sustainability and ESG initiatives

• Sustainable Asset Register exceeded SEK 100bn, with accelerated growth in 2024 (+73%), mainly from real estate and green mortgages in the Baltics.

• Committed to carbon neutrality by 2050, with interim targets for 2030 and 2040, and aims to triple sustainable lending by 2027.

• Sector-specific 2030 climate targets include significant reductions in financed emissions for mortgages, commercial real estate, oil & gas, power generation, steel, and shipping.

• ESG ratings: ISS C+ (Prime), MSCI AA, Sustainalytics 22.0.