Lars Ljungälv, today Head of Region South in Swedish Banking, has been named
Head of Large Corporates in Swedbanks business area Large Corporates &
Lars Ljungälv has been working as Regional Head in Swedbank since 2014. He began
his career in the independent Savings Banks-sphere, where he has been CEO of
both Färs & Frosta Sparbank and Sparbanken Öresund.

- Lars will be a valuable asset in LC&I, not least given the bank’s wider
corporate initiative. In his new role, Lars will continue to build our corporate
business and be part in continuing to refine the business model and strategy to
further strengthen our position as a commercial bank, says Elisabeth Beskow, Co
-Head of Large Corporates & Institutions.

Lars Ljungälv will be part of the Group Executive Committee.

The current Head of Large Corporates, Henrik Forzelius has decided to leave the

Peter Nordblad is new Head of Region South in Swedish Banking.

Swedbank AB (publ) is required to disclose this information pursuant to
Regulation (EU) No 596/2014 on market abuse, the Swedish Financial Instruments
Trading Act (1991:980) and/or the regulatory framework of Nasdaq Stockholm).
This information was sent to be published on 30 August 2016 at 08.00 CET.
For more information please contact:
Elisabeth Beskow, Co-Head of Large Corporates & Institutions, Swedbank, phone
+46 8 5859 3101
Gabriel Francke Rodau, acting Head of Communications, Swedbank, phone +46 8 5859
Swedbank promotes a sound and sustainable financial situation for the many
people, households and companies. Our vision is to contribute to development
“Beyond Financial Growth”. As a leading bank in the home markets of Sweden,
Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial
services and products. Swedbank has over 7 million retail customers and around
640 000 corporate customers and organisations with 266 branches in Sweden and
143 branches in the Baltic countries. The group is also present in other Nordic
countries, the US and China. As of 31 July 2016 the group had total assets of
SEK 2 476 billion.