Swedbank (SWED) Investor presentation summary

Strategic direction and sustainability

• Focus on empowering people and businesses for a sustainable future, with values of openness, simplicity, and caring.

• Targets carbon neutrality by 2050, with interim goals for emissions reduction and sustainable lending growth by 2030.

• Lending portfolio climate targets include significant emission intensity reductions across mortgages, commercial real estate, oil & gas, power generation, and steel by 2030.

• Commitment to grow sustainable lending volumes by at least 3x and increase ESG bond share to 40% by 2027.

Financial performance and key metrics

• Q3 2025 net profit of SEK 8.5bn, total income SEK 17.1bn, and total expenses SEK 6.0bn.

• Return on equity at 16.0%, cost/income ratio 0.35, and credit impairment ratio -8 bps.

• CET1 capital ratio at 19.7% with a buffer of ~480bps, LCR at 157%, and NSFR at 128%.

• Net interest income slightly decreased due to lower lending rates, while net commission income rose 5.5% QoQ, supported by asset management and card commissions.

Asset quality and lending

• Solid asset quality with Q3 credit impairments of SEK -398m, mainly from a few large corporate exposures.

• Total lending book at SEK 1,829bn, with 60% private and 40% corporate, and ~16% from Baltic banking.

• 97% of private mortgage portfolio below 70% LTV, average LTV at 57%.

• Property management loans focus on strong cash flows and collateral, with average LTVs around 52-53%.