Swedbank Ab Class A · OMXSTO:SWED_A
Swedbank Ab Class A — Q2 2024 Earnings Presentation
76 slides from Swedbank Ab Class A's earnings presentation, Jul 16, 2024
Slide 1: Investor presentation Q2 2024
Investor presentation Q2 2024
Slide 2: Disclaimer
● Certain statements made in this presentation are forward ● None of Swedbank AB or any of its directors, officers or looking statements. Such statements are based on current employees nor any other person accepts any liability expectations and are subject to several risks and uncertainties whatsoev
Slide 3: Table of contents
Table of contents This is Swedbank Sustainability Financial results Asset quality Capital considerations Liquidity and funding Cover pool data Swedish and Baltic economy Swedish housing and mortgage market Appendix wo ONO APwWN ma —_ ° © Swedbank
Slide 4: This is Swedbank
© Swedbank
Slide 5: Key financial figures 2019-2023
14.7 8.9 13.2 13.3 18.3 35 10 25 Earnings per share, SEK 15 30.4 -40 17.6 11.5 18.6 19.4 Return on equity, % 5 -5 -90 Cost to income ratio 0.43 0.54 0.44 0.40 0.33 Credit impairment 26 ratio, bps 9 1 8 9 390bps buffer CET1 capital ratio, % 18.3 19.0 17.0 17.5 17.8 50 50 50 50 50 Dividend per share,
Slide 6: Swedbank franchise at a glance
~81% of loan book Mortgages Savings Insurance Payment Swedbank Swedbank Swedbank franchise Loan-to-deposits CET1 capital buffer Hypotek Robur Insurance Mobile App Internet bank LCR NSFR ~15% of loan book Partnership Branches with more than Customer 143 in Sweden Impairment ratio 50 Savings centre 75
Slide 7: Vision and strategic ambitions
• By providing guidance on your terms • By helping you to be more sustainable • By supporting you in a proactive way • By making the difficult simple An attractive workplace for An efficient, profitable and A standardised, scalable employees with a culture based compliant bank and financial and stab
Slide 8: Four business priorities
Four business priorities C1) Leverage proven business model and pricing strategy 2) Grow share of wallet for existing customers 3) Grow business in prioritised segments 4) Improve availability and operational excellence © Swedbank
Slide 9: Net interest income and volume growth
● 54% NII growth 2023 ● Protected back-book YoY growth YoY growth Net interest income 54% Net lending ● Volume growth 8% 9% 8% in the Baltics 23% 2% 50.9 ● Leading market positions 2% 22.9 -2% maintained 21.3 33.2 19.5 27.7 18.1 27.0 2020 2021 2022 2023 2020 2021 2022 2023 © Swedbank 9
Slide 10: Increased proactivity and long-term savings
● Increased proactivity ● Added 40k customers with long-term savings +25% +40k 900k ● #1 P&C insurer in Estonia 250k 480k 440k 200k 2022 2023 2022 2023 2030 target © Swedbank 10
Slide 11: Assisted meetings and corporate business
● Conducted more assisted meetings Latvia ● New business area: Premium Lithuania & Private Banking 300k 25-30% ● One Corporate 25.1% Business in Sweden 265k 23.2% 22.4% ● Improved corporate market 240k shares in Lithuania and Latvia 19.4% 19.7% 20.1% 2022 2023 2025 Q3 Q1 Q3 2030 target 2022 2023 202
Slide 12: Availability and customer experience
● Connected branches and ● Improved efficiency in the ● Platform saves on average contact centres credit process 18 minutes per interaction1) ● Strive to create a seamless ● Aim to improve availability ● Full launch in Sweden 2024 customer experience and shorten lead times ● Up to 1 million digital
Slide 13: Return on equity target bridge
18.3% ≥15% 13.2% 13.2% RoE Income Costs Credit Capital Capital RoE RoE Income Costs Credit Capital RoE 2021 impair- gene- reduc- 2025 2021 impair- genera- 2023 ments ration tion ments tion © Swedbank 13
Slide 14: Summary of priorities
● Proven business model during transition ● Grow business in home markets to higher rates ● Improve availability and operational excellence ● New organisation in Sweden ● Capital distributions subject to ● Omni-channel communication platform rolled further clarity on capital needs out © Swedbank 14
Slide 15: AML investigations
● No ongoing AML investigations from Swedish or Baltic authorities ● Ongoing investigations by U.S. authorities – DoJ, SEC and DFS New York © Swedbank 15
Slide 16: Sustainability
© Swedbank
Slide 17: Green advisory, biodiversity and regulatory
Green Advisory Biodiversity ● In collaboration with Hemma, our private customers can now ● Analysing targets in the GBF1 to identify get free energy calculations, advice on how to reduce energy what is most relevant for our operations, consumption and cut energy costs to maximise impact ● In collabo
Slide 18: Climate targets and net-zero commitments
2050 Net-Zero Banking Alliance Carbon neutrality and interim target setting 2030 targets set and published in November 2022 2040 Climate Action 100+ (Swedbank Robur) Carbon neutral investments by Swedbank Robur1) Member since 2018, cooperation to engage with the largest GHG emitters Partnership for
Slide 19: Financed emission targets by sector
● Mortgages: reduce the financed emission intensity by 39 per cent (kgCO2e/m2) ● Commercial real estate: reduce the financed emission intensity by 43 per cent (kgCO2e/m2) ● Oil & gas1): reduce the absolute financed emissions by 50 per cent (tCO2e) ● Power generation: reduce the financed emission int
Slide 20: Green and social assets
Green buildings Clean transportation 1.9 2.5 Green assets Renewable energy 4.1 Pollution prevention and control 4.1 6.0 Social Sustainable management of assets living natural resources Sustainable water and wastewater management 90 83 74 70 69.8 Social assets Employment generation 67 61 Socioeconomi
Slide 21: Financial results
© Swedbank
Slide 22: Q2 2024 results highlights
Total income, SEKbn QoQ +1% 18.2 18.5 19.0 18.1 18.2 TOTAL INCOME SEK 18.2bn ● Return on equity of 17.5 per cent Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 ● Cost/Income ratio 0.35 Total expenses, SEKbn QoQ +5% ● Credit impairment ratio -6 bps 5.7 5.6 6.4 6.2 6.5 TOTAL EXPENSES SEK 6.5bn ● CET1 capital
Slide 23: Income statement Q2 2024
▲ ● Net profit SEK 8.6bn Net interest income 12 165 12 599 -3% Net commission income 4 169 3 976 +5% ● Cost/Income ratio 0.35 Net gains and losses 911 682 +34% ● Return on equity Other income 991 831 +19% 17.5 per cent Total income 18 237 18 087 +1% Total expenses 6 465 6 185 +5% ● EPS after dilutio
Slide 24: Lending development
QoQ +0.4% QoQ +0.5% SEKbn SEKbn 1 523 1 7 1 531 +13 8 5 1 804 1 799 1 791 -5 Q1 2024 Private Corporate Q2 2024 QoQ +2.0% SEKbn 266 2 3 272 Q1 2024 Sweden1) Baltic Banking Q2 excl. FX FX Q2 2024 Q1 2024 Private Corporate Q2 2024 1) Sweden including: Swedish Banking, Premium and Private Banking, and C
Slide 25: Deposit development
QoQ +1.3% QoQ +1.3% SEKbn SEKbn 862 12 873 -1 +22 1 266 11 11 1 288 1 282 -6 Q1 2024 Private Corporate Q2 2024 QoQ +2.8% SEKbn 386 7 4 397 Q1 2024 Sweden Baltic Group Q2 excl. FX FX Q2 2024 Q1 2024 Private Corporate Q2 2024 Banking functions 1) Sweden including: Swedish Banking, Premium and Private
Slide 26: Net interest income
QoQ -3.4% SEKm ● Higher average lending and deposit volumes ● Lower net interest margin 12 599 22 45 90 12 165 – Lower market rates -591 – Deposit outflows last quarter -524 – Increased wholesale funding Business driven NII Q1 2024 Lending Deposit Margins & FX & Other Q2 2024 volume volumes Treasury
Slide 27: Net commission income
QoQ +4.9% SEKm ● Asset management impacted by higher average stock +194 market performance 122 12 4 169 ● Cards seasonally higher 97 3 976 -38 Q1 2024 Cards & Asset Securities & Other Q2 2024 Payments Management Corporate Finance © Swedbank 27
Slide 28: Net gains and losses on financial items
SEKm ● Strong FX and Fixed income sales and trading 30 169 911 -23 ● Positive revaluation from 46 funding related swaps 689 Client trading Bond inventories Funding Liquidity Other Total NGL (Treasury) portfolio © Swedbank 28
Slide 29: Other income
QoQ +19.3% SEKm ● Strong underlying Net insurance income +160 – Offsetting revaluations in Baltic Banking 75 991 61 831 25 ● Income from partly owned companies were higher Q1 2024 Net insurance Associates Other Q2 2024 © Swedbank 29
Slide 30: Expenses
QoQ +4.5% SEKm ● FY 2024 according to plan Underlying expenses C/I ratio – YTD FX SEK 100m 0.35 0.34 0.34 ● Salary increases in Baltic Banking 0.31 0.30 6 411 6 465 6 185 ● IT development and 5 717 5 562 maintenance ● Latvian education foundation SEK 70m Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 © Swe
Slide 31: Asset quality
© Swedbank
Slide 32: Credit impairments
SEKm ● YTD Credit impairment ratio -1 bps 79 282 ● Remaining post model adjustment buffer of SEK -43 946m 103 -253 -320 -289 -137 Macro Rating & Post model Individual 1) Net Portfolio sale Other Total credit scenarios stage adjustments assessment repayments impairments migrations and Balances 1) Pro
Slide 33: Commercial real estate exposure
● Managing balance sheets Q1 2024 disclosures, per cent 10% − Divestments of properties 8.4% 8.3% 7.8% 8.0% 8% 7.0% 7.2% 7.4% − Restructurings 6.9% 6% − Capital injections − Bond buy-backs 4% Q1 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 − Cancelled dividends − CAPEX reductions Q1 2024 disclosures
Slide 34: Commercial real estate lending breakdown
● Focus on strong cash flows Q2 2024, per cent Q2 2024, SEK 243bn in total and collateral ● Continuous dialogue with customers 79 11% ● Average LTV SEK 102 310bn 79% 10% − Property management, 20 52 per cent 38 • Non-residential, 52 per cent Sweden Residential • Residential, 53 per cent Baltics Comm
Slide 35: Property management lending by country
Sweden Sweden Estonia Estonia SEK Latvia SEK Latvia 88bn Lithuania 223bn Lithuania Norway Norway Finland Finland Loans carrying Loans carrying amount, SEKbn 88.2 80.5 0.5 0.3 0.1 0.0 6.8 amount, SEKbn 223.4 166.7 14.7 3.9 9.7 22.4 5.8 Average loan-to- Average loan-to- value 53% 53% n.a.1) n.a.1) n.a
Slide 36: Loans and provisions by stage
Q2 2023 – Q2 2024, SEKbn Q2 2023 – Q2 2024, SEKbn 1 810 1 810 1 789 1 798 1 805 7.0 7.1 7.1 7.2 6.5 100% 6 5 8 10 10 100% 98% 2.3 2.0 2.0 2.3 2.0 80% 96% 60% 189 183 170 94% 192 187 3.3 3.1 3.5 3.5 3.1 40% 92% 90% 20% 1.7 1.9 1.6 1.4 1.4 1 615 1 623 1 625 88% 1 590 1 601 0% Q2 2023 Q3 2023 Q4 2023 Q
Slide 37: Loans by industry and stage
Agriculture, forestry, fishing 3.5% ● Stage 3 loans decreased by Manufacturing 2.5% SEK 300m or 10 per cent in Q2 Public sector and utilities 2.1% Construction 1.2% Retail and wholesale 2.3% Transportation 0.8% Shipping and offshore 0.3% Hotels and restaurants 0.4% Information and communication 0.9%
Slide 38: Swedish mortgage underwriting criteria
● Full recourse (very limited debt forgiveness possibilities) Swedbank’s underwriting criteria ● No securitisation (on balance sheet), no sub-prime market, no 3rd – In the repayment ability calculation, the interest party origination rate used is the higher of 6 % or the 5Y fixed mortgage interest r
Slide 39: Private mortgage loans LTV and past dues
Q2 2024, private mortgage loans, SEKbn 20 20 16 16 96% of portfolio below 70% LTV ● Average loan-to-value of 12 12 58 per cent 8 8 4 4 0 0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 67 70 73 76 79 82 85 88 91 94 97 100 LTV per cent 2004-Q2 2024, per cent and SEKm of private mortg
Slide 40: Capital considerations
© Swedbank 40
Slide 41: Capital requirements and buffer
15.1% 20.1% 1.8% 2.6% 19.4% 25.0% 11.9% ● CET1 capital ratio buffer ~500bps1) ~500bps buffer ● Target of 100-300bps remains Pillar 2 Guidance ● REA decreased by SEK 11.4bn 6.1 Leverage ratio req. & P2G to SEK 847.9bn 0.5 (3.5%) 2.5 Capital Conservation Buffer 5.5 0.5 Automatic MDA 1.7 Countercyclica
Slide 42: MREL requirements
49.2% 11.0% ● The National Debt Office Eligible liabilities MREL decision for 2024 36.7% - MREL 28.4% (buffer of 12.6%) Market - Subordination requirement Confidence 7.0% 13.2% 21.3% (buffer of 8.6%) Charge Subordinated eligible liabilities ● CBR to be met with own funds at all times (in addition to
Slide 43: Regulatory developments
● New guidelines to be fully ● The SFSA has imposed an add- ● Includes amendments to the phased in by end of 2021 on related to the ongoing review frameworks for calculating according to EBA decision of IRB models in the Pillar 2 credit risk, CVA, market risk and requirement, as part of its SREP ope
Slide 44: CET1 capital ratio development
● CET1 capital ratio of 20.1 per cent ~500bps ● 100-300bps capital buffer 0.0% 0.3% 20.1% buffer target range remains 19.3% 0.5% 15.1% Q1 2024 Profit after Credit risk Other Q2 2024 CET1 capital anticipated requirement dividend © Swedbank 44
Slide 45: Risk exposure amount development
SEKbn ● REA decreased by SEK 11bn ● Large corporate PD model fully implemented, increase REA by 14.7 859.3 SEK 6bn mitigated by Article 3 847.9 - 10.0 release - 15.1 - 1.1 ● Portfolio move from retail to corporate, decrease REA by net SEK 10bn Q1 2024 Credit risk Article 3 Article 458 Market & Q2 20
Slide 46: Liquidity and funding
© Swedbank
Slide 47: Liquidity and survival horizon
175% Liquidity Coverage Ratio Q2 2024, SEKbn Q2 2024, SEKbn 7 8 102 51 124% 3 Net Stable Funding Ratio 322 344 253 215 >2Y Survival horizon Cash and balances with central banks SEK EUR USD OTHER Sovereigns, central banks or multilateral development banks1 Municipalities or public service entities Ex
Slide 48: Balance sheet composition
SEKbn Assets SEKbn Liabilities SEKbn Liabilities (comparison) CET1 2 000 2 000 AT1 + Tier 2 Senior non-preferred debt Lithuania Senior preferred debt Latvia Estonia 1 500 1 500 Other corporate lending, Sweden & other Nordic countries 1 000 1 000 Deposits Other private, Sweden Swedish 500 mortgage lo
Slide 49: Deposits and loan-to-deposit ratio
Transaction accounts On-demand savings Q2 2024, SEKbn Q2 2024, SEKbn Term savings +39% 702 Private 728 Corporate 1 259 1 298 1 230 1 282 548 119 527 1 131 109 46 954 41 920 48 320 330 48 438 454 273 279 2018 2019 2020 2021 2022 2023 Q2 Q4 2023 Q2 2024 Q4 2023 Q2 2024 2024 Private 200 SME Q2 2024 LTD
Slide 50: Funding profile and maturities
SEKbn Strong funding profile ● LCR 175% (EU 2015/61) 1400 Outstanding volumes 1200 ● NSFR 124% (CRD2) 1000 Q4 2023 Q2 2024 ● Issued SEK 83bn1) of long- 800 term funding H1 2024 600 400 200 0 Covered bonds Senior preferred SNP Short-term Deposits programmes SEKbn Issued, long-term debt SEKbn Maturity
Slide 51: Credit ratings
● On April 12 2024, Moody’s affirmed Swedbank’s ratings and raised the outlooks on long-term deposits, senior unsecured debt ratings and long-term issuer rating to positive from stable, reflecting the removal of the negative corporate notch. ● On June 26 2023, S&P wrote in its Update that Swedbank's
Slide 52: Funding programmes and formats
● Senior preferred, senior non-preferred and covered bond format ● Major / opportunistic currencies ● Bullet format, FRN or Fixed ● EUR 20m equivalent minimum size ● Listing is optional ● Program formats available: – Senior unsecured debt (preferred/non-preferred): GMTN, potentially USD 144a format,
Slide 53: Cover pool data
Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation (www.coveredbondlabel.com ) © Swedbank
Slide 54: Cover pool key facts
Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation (www.coveredbondlabel.com ) Rating, S&P / Moody’s AAA / Aaa Repayment structure 7 Total pool size SEK 1 113.0bn – Amortising 77% Geographic distribution Sweden 100% – Interest only 23% Current OC-level 196% Weighted average seaso
Slide 55: Cover pool loan types and geography
Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation (www.coveredbondlabel.com ) Geographical distribution, Sweden, per cent 30 Jun Type of loans 30 Jun (based on loan volume) 2024 (based on loan volume) 2024 North 6.8 Residentials 91.6 Norrbotten county (BD) 1.3 of which Single-fa
Slide 56: LTV distribution
Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation ● Weighted average LTV on property level 54% (www.coveredbondlabel.com ) LTV distribution per property1 LTV distribution by volume1, 2 30% 30% 25% 25% 20% 20% 15% 15% 10% 10% 5% 5% 0% 0% 00-10 10-20 20-30 30-40 40-50 50-60 60-70
Slide 57: WA LTV per property type
Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation (www.coveredbondlabel.com ) WA LTV per property type1 Percentage of the pool Average LTV per loan type 120% 120% 100% 100% 80% 80% 60% 60% 40% 40% 20% 20% 0% 0% Substitute Single-family Tenant owner Tenant owner Multi-family Comm
Slide 58: Over-collateralisation
Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation (www.coveredbondlabel.com ) ● Current OC-level of 196% 220% Q2 2024 ● 2% legal minimum requirement 200% Min req. 2% ● Can withstand a severe house 180% price drop and still be able to 160% issue AAA-rated covered bonds Over-colla
Slide 59: Swedish covered bond legislation
● The Covered Bond Act entered into force on July 1, 2004, with most recent amendments effective as per July 8, 2022, and is over-sighted by the Swedish FSA. Its main characteristics are: − Dual recourse to the issuer and cover pool − Dynamic, regulated pool of assets, frequently monitored by the Sw
Slide 60: Swedish and Baltic economy
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Slide 61: Swedish economy key indicators
Key economic indicators1, 2023-2026 Most recent 2023 2024F 2025F 2026F Real GDP (calendar adjusted) 0.7 (Q1) 0.1 0.3 2.6 3.0 • Kingdom of Sweden rated CPI growth, average 2.6 (July) 8.6 3.0 1.1 1.7 Aaa/AAA/AAA CPIF growth, average 1.7 (July) 6.0 2.0 2.0 2.0 Unemployment rate (15-74), % of labor forc
Slide 62: Inflation, krona, lending and interest rates
Inflation trending down Weaker krona Headline inflation (CPI) and with fixed interest rate (CPIF) Krona (SEK), US dollar (USD), euro (EUR) and trade-weighted 14.0 index (KIX) 12.0 12 135 10.0 11 130 8.0 125 10 6.0 120 4.0 9 2.0 115 8 0.0 110 -2.0 7 105 -4.0 6 100 2013 2015 2016 2017 2019 2020 2021 2
Slide 63: Baltic economies key indicators
Key economic indicators1, 2023-2025 Most recent 2023 2024F 2025F 2026F Real GDP Estonia -2.4 (Q1) -3.0 -0.6 1.5 2.5 Latvia 0.1 (Q2) -0.3 0.9 2.6 2.9 Ratings CPI growth, annual rate Lithuania Estonia 1.4 (Q2) 3.4 (Jul) -0.3 9.2 2.2 3.7 2.8 4.4 2.5 3.5 • Republic of Estonia: A1/AA-/A+ Latvia 0.7 (Jul)
Slide 64: Economic sentiment
Economic sentiment Confidence indicators, sa, index represents deviations from long term average (=0) Estonia Latvia Lithuania 27 20 20 20 30 17 20 10 10 10 20 7 10 0 0 10 0 -3 0 0 -10 -10 -13 -10 -10 -10 -20 -20 -23 -20 -20 -20 -30 -30 -33 -30 -30 -30 -43 -40 -40 -40 -50 -40 -53 -40 -50 -50 Jun-21
Slide 65: Swedish housing and mortgage market
© Swedbank
Slide 66: Housing price developments
Price developments flats and single family houses1) Valueguard index (2005 Jan = 100) 350 300 250 200 150 100 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 24 Annual growth rates (in percent) 14 4 -6 -16 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 20
Slide 67: Seasonally adjusted prices and transactions
● Seasonally adjusted prices increased in August 2024 ● Housing market transactions up in August, but still below past years’ levels Housing market transactions Housing prices Seasonally adjusted housing prices: Aug 2022 - Aug 2024 Housing transactions (Monthly change in %) 20000 2 18000 16000 1 140
Slide 68: Household borrowing and debt service
● Household borrowing decline bottoms out ● Household debt service in 2023 highest since 2008 Mortgage loan growth, housing prices and interest rate Household interest expenses percent of disposable income percent index 18 8.0 320 16 7.0 14 300 6.0 12 280 5.0 10 4.0 260 8 3.0 240 6 2.0 220 4 1.0 0.0
Slide 69: Population growth and household balance sheets
● Population grows slows sharply, while completed housing rose in 2023 – New starts drop sharply in 2024 ● Households adjust indebtedness levels to higher rates Population growth slows Strong household balance sheets Completed housing and population growth, no. of persons and housing, 1978-2022 Hous
Slide 70: Appendix
© Swedbank
Slide 71: ESG ratings
As per Q2 Bloomberg Gender Equality Index 77 CDP C1 EY SHE Index Sweden 82 FTSE4Good ESG Rating 4.2 ISS Corporate Rating C+ (Prime) MSCI ESG Rating AA Sustainalytics ESG Risk Rating 22.0 1) Refers to 2022 since no score for 2023 is yet published © Swedbank 71
Slide 72: Macro scenarios and probability weightings
30 June 2024 Positive scenario 2024 2025 2026 Baseline scenario 2024 2025 2026 Negative scenario 2024 2025 2026 ● Probability weightings Sweden GDP (annual % change) 0.8 3.8 2.5 0.5 2.8 2.8 -1.3 -5.2 2.4 ● 66.6 per cent for Unemployment (%)1 baseline scenario 8.4 8.2 7.6 8.4 8.3 7.7 8.5 10.4 11 Hous
Slide 73: Impairment stages
Initial recognition, or no Significant increase in Evidence of impairment significant increase of credit risk credit risk Stage 3 loans Stage 1 loans Stage 2 loans Impairment amounting to Impairment amounting to lifetime expected credit lifetime expected credit losses Impairment amounting to losses
Slide 74: Funding programmes and limits
100% owned Program Limit Program Limit Long Term Long Term Global MTN USD 40bn Domestic Benchmark CB Unlimited*** USD Senior (144a / Reg.S) USD 15bn EMTN CB EUR 25bn AUD Senior** AUD 10bn Norwegian Benchmark CB Unlimited*** NSV (stand alone doc.) AUD Covered bonds** AUD 10bn Registered CB (stand alo
Slide 75: Long-term funding issued
ISIN Product Tenor Currency Amount, mn Type Spread Value date Maturity date XS2572496623 SNP 5.5Y EUR 750 Fixed MS+135 January 11, 2023 July 11, 2028 ● The table excludes volumes XS2580715147 AT1 PNC5.5 USD 500 Fixed 7.625% February 23, 2023 (call) September 17, 2028 issued on tap in the Swedish XS2
Slide 76: Investor relations contacts
Annie Ho Magnus Alvesson Peter Stenborn Q3 Interim report 23 Oct 2024 Head of Investor Relations Equity & Credit Rating Debt Investor Relations Q4 Year-end report 23 Jan 2025 Mobile: +46 703 43 78 15 Mobile: +46 706 10 33 41 Mobile: +46 706 76 60 92 Q1 Interim report 29 Apr 2025 annie.ho@swedbank.co