Swedbank (SWED) Investor presentation summary

Strategic direction and sustainability

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

• Targets include carbon neutrality by 2050, 60% reduction in direct emissions by 2030, and tripling sustainable lending by 2027.

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

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

Financial performance and business priorities

• Q4 2025 net profit was SEK 8.2bn, with total income of SEK 17.3bn and expenses of SEK 6.3bn.

• Return on equity at 14.7%, cost/income ratio at 0.36, and CET1 capital ratio at 17.8% with a ~300bps buffer.

• Lending volumes grew 2.9% QoQ to SEK 1,882bn, with deposit volumes up 0.3% to SEK 1,297bn.

• Acquisitions of Stabelo and Entercard added SEK 44bn in loans and 492 employees, with limited impact on RoE and C/I ratio.

• Dividend proposal for 2025: SEK 20.45 per share (ordinary) plus SEK 9.35 (special).

Asset quality and risk management

• Credit impairment ratio at 7bps in Q4 2025, with total credit impairments of SEK 355m.

• Solid asset quality with 97% of private mortgage portfolio below 70% LTV and average LTV at 57%.

• Property management loans focus on strong cash flows and collateral, with average LTVs around 52-54%.

• Stage 1 loans dominate, with low levels of non-performing loans and robust provisioning.