Birgitte Bonnesen, President and CEO comments: “We have decided to speed up the
transformation to the modern bank we want to be, where customers can do all
their daily banking in our digital channels.”
Third quarter 2016 compared with second quarter 2016

Strong profit driven by income increases

Higher net interest income due to increased volumes and lending margins

Net commission income benefited from higher income from cards and asset

Increased demand for interest rate hedging positive for net gains and losses on
financial items

Stable credit quality

Stronger capitalisation


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 25 October 2016 at 07.00 CET.
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.