Swedbank Ab Class A · OMXSTO:SWED_A
Swedbank Ab Class A — Q1 2023 Earnings Presentation
76 slides from Swedbank Ab Class A's earnings presentation, Apr 27, 2023
Slide 1: Investor presentation Q1 2023
Slide 2: ● Certain statements made in this presentation are forward looking statements. Such statements are
● 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: Contents
This is Swedbank 4 Sustainability 13 Quarterly financial update 18 Asset quality 29 Capital considerations 37 Liquidity and funding 41 Cover pool data 49 Swedish and Baltic economy 56 Swedish housing and mortgage market 61 Appendix 66 © Swedbank 3
Slide 4: This is Swedbank
© Swedbank
Slide 5: Key financial indicators 2018-2022
30 16.1 14.7 13.2 13.3 8.9 20 20 Earnings per share, SEK 0 10 18.9 17.6 18.6 19.4 Return on equity, % 11.5 0 -20 Cost to income ratio 0.43 0.54 0.44 0.38 0.4 Credit impairment 26 ratio, bps 3 1 9 8 340bps buffer CET1 capital ratio, % 17.5 18.3 17.8 16.3 17.0 75 50 50 50 50 Dividend per share, SEK Di
Slide 6: Swedbank at a glance
~85% 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 ~13% of loan book Partnership Branches with 58 Customer 140 in Sweden Impairment ratio Savings centre 70 in the Ba
Slide 7: Purpose and vision
• 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: Status of investigations
● No ongoing investigations from Swedish authorities ● Estonian prosecutor – money laundering or criminal activity in Swedbank AS, maximum fine EUR 16m ● Ongoing investigations by U.S. authorities – DoJ, SEC, OFAC and DFS New York ● Individual discussions with relevant authorities together with our
Slide 9: Shifting focus - four clear business priorities
Shifting focus - four clear business priorities Leverage proven business model and pricing strategy Grow share of wallet for existing customers Grow business in prioritised segments Improve availability and operational excellence 2019 2020 2021 2022 2023 2024 2025 © Swedbank
Slide 10: Strategic direction
● Strategic Direction ● Prioritising business growth and profitability ● Strengthened governance ● Supporting customers’ sustainable transition and compliance ● Strengthening focus on core business ● Four clear business priorities ● Positive operational jaws and maintained low risk ● Capital calibra
Slide 11: Business targets 2025
No. of advisory Swedish private ≥1.0m in total 2025 meetings segment (280k 2021) Swedish midsized ~16% 2025 Corporate corporate segment2) (~13% 2021) market shares Latvia and Lithuania 25-30% 2030 corporate lending (~20% Q2 2022) Customers with Baltic private Double the long-term savings segment num
Slide 12: Sustainability
© Swedbank
Slide 13: Sustainable financing and funds
Sustainable financing1) 73 56 Outstanding green bonds2) 28 30 ESG bonds arranged by Swedbank3) 33 50 SFDR article 8 or 9 funds4) 100 100 1) Qualified loans for Swedbank Sustainable Funding Framework, sustainability-linked loans and other sustainable retail and corporate products (SEKbn) 2) Green bon
Slide 14: ESG ratings
2023 2022 2021 2020 Bloomberg Gender Equality Index 77 75 69 77 CDP C B B Dow Jones Sustainability Index 76 84 81 EY SHE Index Sweden 82 82 - Fair Finance Guide 70 68 68 FTSE4Good ESG Rating 4.0 4.3 4.5 ISS Corporate Rating C (Prime) C (Prime) C (Prime) MSCI ESG Rating AA AA AA Sustainalytics ESG Ri
Slide 15: Carbon neutrality and interim target setting
Task Force on Climate related 2050 Financial Disclosures Carbon neutrality and interim target setting Reporting according to recommendations since 2018 2040 Net-Zero Banking Alliance Signatory since May 2021, interim targets set in 2022 Carbon neutral investments by Swedbank Robur1) Climate Action 1
Slide 16: Interim financed emission targets
● 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 17: Sustainable asset register and mortgage portfolio assessment
Green assets Social assets Sustainable Sustainable Socioeconomic Sustainable management Pollution Renewable Green water and Clean Employment advancement Affordable Projects asset of living prevention energy buildings wastewater transportation generation and housing register natural and control manag
Slide 18: Quarterly financial update
© Swedbank
Slide 19: Q1 2023 highlights
Total income, SEKbn QoQ +9% 20 TOTAL SEK 17.4bn 15 INCOME 10 5 0 ● Return on equity of Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 17.0 per cent Total expenses, SEKbn QoQ +14% ● Cost/Income ratio 0.37 8 TOTAL SEK 6.4bn ● Credit impairment ratio 6 EXPENSES 4 2 0 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 0.
Slide 20: Income statement summary
▲ ● Return on equity Net interest income 11 936 10 918 9% 17.0 per cent Net commission income 3 660 3 422 7% ● Cost/Income ratio 0.37 Net gains and losses 916 763 20% Other income 875 843 4% ● IT-related fine imposed Total income 17 387 15 947 9% by the Swedish FSA and Total expenses 6 410 5 602 14%
Slide 21: Lending volumes
YoY +1.9% QoQ +0.4% QoQ -0.7% 704 699 695 1 298 23 1 298 6 1 303 -0 -17 -6 Q4 2022 Q1 excl. FX Q1 2023 QoQ +1.7% 602 604 594 Q4 2022 Swedish Baltic LC&I Group Q1 excl. FX FX Q1 2023 Banking Banking Functions Q4 2022 Q1 excl. FX Q1 2023 © Swedbank 21
Slide 22: Deposit volumes
YoY +3.9% QoQ -0.4% QoQ -0.3% 1 177 1 174 1 172 1 799 1 1 789 3 1 791 0 -7 -4 Q4 2022 Q1 excl. FX Q1 2023 QoQ -0.6% 621 616 617 Q4 2022 Swedish Baltic LC&I Group Q1 excl. FX FX Q1 2023 Banking Banking Functions Q4 2022 Q1 excl. FX Q1 2023 © Swedbank 22
Slide 23: Net interest income
QoQ +9.3% ● NIM expansion 1 062 169 11 936 -157 10 918 -55 Business-driven NII Q4 2022 Volumes Margins Treasury & Other FX & Other Q1 2023 © Swedbank 23
Slide 24: Net commission income
QoQ +7.0% ● Cards higher – Mastercard discounts on card issuing 80 3 660 – Negative adjustments in 67 15 3 422 76 Q4 of SEK 80m (net) – Underlying seasonally lower ● Asset management higher due to stock market performance ● Securities and Corporate finance up Q4 2022 Cards & Asset Corporate Other Q1
Slide 25: Net gains and losses on financial items
● Strong Fixed income and FX trading with high client activity ● Positive revaluation 268 3 36 916 effects in Treasury -41 650 Client trading Funding Liquidity Bond inventories Other Total NGL (Treasury) portfolio © Swedbank 25
Slide 26: Other income
● Net insurance1) increase driven by positive Other Associates revaluation effect Net insurance1) ● Lower income from 875 843 EnterCard and other 775 associates 695 415 422 – Higher income from the 514 398 Savings Banks 366 171 382 194 165 261 235 282 164 118 117 14 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q
Slide 27: Expenses
● Lower underlying expenses Underlying expenses Administrative fine and provision C/I ratio – Salary revision in Sweden 0.44 0.45 0.38 0.37 – Baltic Winter Allowance 0.35 ended in March 6 410 5 602 890 ● Supporting KPI of C/I 5 185 4 938 5 092 through the cycle of 0.40 5 520 Q1 2022 Q2 2022 Q3 2022
Slide 28: CET1 capital ratio
● CET1 capital ratio of 18.3 per cent ● 100-300bps capital buffer 390bps buffer target range remains 17.8% 0.5% 0.1% 18.3% ● Additional 1 per cent -0.0% 14.4% countercyclical buffer for Sweden1) in June 2023 (SFSA) Q4 2022 Change in Profit after Other Q1 2023 CET1 capital 1) Expected impact of ~0.7
Slide 29: Asset quality
© Swedbank
Slide 30: Corporate lending by industry
Agriculture, forestry, fishing 3.5 ● Property management Manufacturing 2.7 stands for 16 per cent of Public sector and utilities 2.0 Construction 1.2 total loans1) Retail and wholesale 2.3 Transportation 0.8 Shipping and offshore 0.5 Hotels and restaurants 0.4 Information and communication 1.1 Finan
Slide 31: Credit impairments
● Updated macro forecasts – Impacting rating & stage migrations 198 777 ● Stage migrations 10 -57 – Both from macro update 278 and rating migrations ● Expert portfolio 348 adjustments – Mainly strengthened buffer for property management Macro Rating & stage Individual Expert portfolio Other Total cr
Slide 32: Property management exposure
● Focus on strong cash 8% 3% 6% 4% flows and collateral Residential Sweden 1% Commercial 16% 30% Estonia 5% ● Continuous dialogue with Latvia SEK Industrial & SEK 294bn customers Warehouse 294bn Lithuania Other Norway ● Average LTV4) Finland 46% 81% − Property Management 53% − Non-residential, 52% −
Slide 33: Commercial real estate lending by country
Sweden Sweden Estonia Estonia SEK Latvia SEK Latvia 88bn Lithuania 206bn Lithuania Norway Norway Finland Finland Loans carrying Loans carrying amount, SEKbn 88.3 83.5 0.1 0.0 0.0 0.0 4.7 amount, SEKbn 205.9 155.5 14.0 3.0 7.5 19.1 6.6 Average loan-to- Average loan-to- value 54% 54% n.a.1) n.a.1) n.a
Slide 34: Credit stages
1 730 1 773 1 806 1 804 1 798 4.8 4.9 5.5 6.0 6.7 100% 6 6 6 6 6 100% 98% 80% 2.1 2.1 2.1 94 2.2 2.0 97 96% 124 138 168 60% 94% 2.9 1.6 2.0 2.4 40% 1.5 92% 1 626 1 673 90% 1 676 1 660 20% 1 624 1.2 1.2 1.4 1.5 1.7 88% 0% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023
Slide 35: Swedish mortgage portfolio quality
20 20 16 16 96% of portfolio below 70% LTV 12 12 ● Average loan-to-value of 57 8 8 per cent 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 0.50% 1000 ● Increasing over due loan 0.40% 800 0.30% >60 days, per cent, LHS >60 days,
Slide 36: Swedbank's 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 37: Capital considerations
© Swedbank
Slide 38: Capital requirements and buffer
● CET1 capital ratio buffer 390bps1), target of 100- Buffer of ~ 390bps1) 300bps 14.4% 18.3% 1.8% 2.4% 18.7% 23.1% 12.5% ● REA decreased by SEK 3bn to SEK 806bn 5.4 Pillar 2 Guidance ● IRB application process 1 Leverage ratio req. & P2G expected to last into 2.5 (3.45%) 4.9 Capital Conservation Buff
Slide 39: MREL requirements
MREL requirements, % 2) …met by, % ● Policy on 35.0 implementation of 28.1 Eligible liabilities BRRDII requirements 1 10.3 from 1 Jan 2024 2.5 P2G 1 published by Swedish CCB 3 Subordinated eligible National Debt office OSII buffer liabilities Systemic 2.3 9.0 (NDO) 18 Oct 20212) risk buffer 8 ● Tran
Slide 40: Regulatory developments
● The SFSA has decided to raise ● New guidelines to be fully ● Includes amendments to the the Swedish CCyB rate to 2% phased in by end of 2021 frameworks for calculating with effect from Q2 2023 according to EBA decision credit risk, CVA, market risk and operational risk ● The SFSA has proposed to ●
Slide 41: Liquidity and funding
© Swedbank
Slide 42: Liquidity reserve and ratios
165% Liquidity Coverage Ratio 42 7 7 15 3 47 120% Net Stable Funding Ratio 317 357 277 299 >2Y Survival horizon Cash and balances with central banks SEK EUR USD OTHER Sovereigns, central banks or multilateral development banks 1 Municipalities or public service entities Extremely high quality covere
Slide 43: Balance sheet assets and liabilities
SEKbn Assets SEKbn Liabilities SEKbn 2 000 2 000 2 000 CET1 Liabilities AT1 + Tier 2 1 800 1 800 1 800 Lithuania Senior non-preferred debt Senior preferred debt (comparison) Latvia 1 600 Estonia 1 600 1 600 1 400 Other corporate 1 400 1 400 lending, Sweden & other Nordic countries 1 200 1 200 1 200
Slide 44: Deposits and loan-to-deposit ratio
699 LTD-ratio 604 +42% 137% 54% 394 46% 1259 1298 1303 1131 920 954 305 Private Corporate On-demand Savings account 54% on Group level 83% 87% 88% 92% 2018 2019 2020 2021 2022 Q1 2023 54% 61% 61% 58% 3% 5% 7% 9% Sweden Estonia Latvia Lithuania Private SME Corporate © Swedbank 44
Slide 45: Deposits and upcoming maturities
QoQ +0.4% 1 298 23 1 298 6 1 303 1 300 -0 1 100 -17 -6 900 Private deposits 700 500 300 Corporate Corporate deposits deposits 1) 1) Q4 2022 Swedish Baltic LC&I Group Q1 excl. FX Q1 2023 100 Banking Banking Functions FX 2016 2017 2018 2019 2020 2021 2022 2023 Less Lower 220 reliance funding on covere
Slide 46: Funding profile and maturities
Strong funding profile SEKbn Liquidity reserve SEKbn Outstanding volumes ● LCR 165% (EU 2015/61) 1 400 Q1 2022 Q1 2023 692 Level 1 assets 45 ● NSFR 120% (CRD2) 1 200 1 000 of which cash and balances with central ● Issued SEK 53bn of long-term 357 800 banks of which securities issued funding in Q1 20
Slide 47: Credit ratings
● On 23 March 2023, Moody's changed the outlook on Swedbank’s deposit and senior unsecured debt ratings from negative to stable. ● On July 1 2022, Fitch upgraded Swedbank's Long-Term Issuer Default Rating (IDR) to 'AA-' from 'A+' and Viability Rating (VR) to 'aa-' from 'a+'. The Outlook is Stable. T
Slide 48: Senior debt issuance formats
● Senior preferred / Senior non-preferred 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 © Swedbank 48
Slide 49: Cover pool data
Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation (www.coveredbondlabel.com ) © Swedbank
Slide 50: Cover pool summary
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 1 102.4bn – Amortising 77% Geographic distribution Sweden 100% – Interest only 23% Current OC-level 216% Weighted average seaso
Slide 51: Cover pool loan types and geography
Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation (www.coveredbondlabel.com ) Type of loans 31 Mar Geographical distribution, Sweden, per cent 31 Mar (based on loan volume) 2023 (based on loan volume) 2023 Residentials 92.1 North 6.8 of which Single-family housing 57.5 Norrbotte
Slide 52: LTV distribution in cover pool
Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation ● Weighted average LTV on property level 53% (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 53: 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 54: Over-collateralisation
Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation (www.coveredbondlabel.com ) House price sensitivity of the cover pool ● Current OC-level of 216% 240% Q1 2023 Q1 2022* ● 2% legal minimum requirement 220% 200% Min req. 2% ● Can withstand a severe house price drop 180% and still
Slide 55: The Covered Bond Act
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 56: Swedish and Baltic economy
© Swedbank
Slide 57: Swedish economy key indicators
Key economic indicators1, 2020-2024 Most recent 2020 2021 2022 2023F 2024F Real GDP (calendar adjusted) -0.2 (Q4) -2.4 5.3 2.7 -1.1 0.3 • Kingdom of Sweden rated CPI growth, average 10.6 (Mar) 0.5 2.2 8.3 9.2 3.8 Aaa/AAA/AAA CPIF growth, average 8.0 (Mar) 0.5 2.4 7.7 6.5 2.2 Unemployment rate (15-74
Slide 58: Inflation, krona, loan growth and interest rates
Inflation heading down The krona weakens 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 12 130 10.0 11 125 8.0 10 120 6.0 4.0 9 115 2.0 8 110 0.0 -2.0 7 105 -4.0 6 100 2012 2013 2015 2016 2017 2019 2020 2
Slide 59: Baltic economies key indicators
Key economic indicators1, 2020-2024 Most recent 2020 2021 2022 2023F 2024F Real GDP Estonia -4.1 (Q4) -3.0 8.0 -1.3 -0.8 2.3 Latvia 1.2 (Q4) -3.6 4.1 2.8 0.6 2.1 Ratings CPI growth, annual rate Lithuania Estonia -0.4 (Q4) -0.1 -0.4 6.0 4.6 1.9 19.4 -0.3 10.0 1.8 4.3 • Republic of Estonia: A1/AA-/A+
Slide 60: Economic sentiment in the Baltics
Economic sentiment Confidence indicators, sa, index represents deviations from long term average (=0) Estonia Latvia Lithuania 30 20 20 20 30 20 20 10 10 10 10 20 0 10 0 0 10 0 -10 0 0 -10 -10 -20 -10 -10 -30 -10 -20 -20 -40 -20 -20 -20 -50 -30 -30 -30 -60 -30 -30 -40 -40 -40 -70 -50 -40 -80 -40 -50
Slide 61: Swedish housing and mortgage market
© Swedbank
Slide 62: Housing price developments
Price developments flats and single family houses1) Valueguard index (2005 Jan = 100) 350 300 250 200 150 100 252007 Annual 2008 2009(in percent) growth rates 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 15 5 -5 -15 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Slide 63: Housing transactions and prices
● Housing market transactions remain lower ● Seasonally adjusted prices down in March; tenant-owner rights prices slightly up while single-family houses prices continue to decrease Housing market transactions Housing prices Housing transactions Seasonally adjusted housing prices: May 2021 - Mar 2023
Slide 64: Mortgage growth and household debt service costs
● Mortgage volume growth rate declines ● Mortgage interest rates increase as the central bank policy rate is hiked ● Household debt service costs are rising Mortgage loan growth, housing prices and interest rate Household interest expenses percent of disposable income index 18 percent 7.0 320 16 6.0
Slide 65: Population growth and household balance sheets
● Population grows while new housing stalls ● Balance sheets among households remain solid Population growth slows Strong household balance sheets Completed housing and population growth, no. of persons and housing, 1978-2022 Household loans as percentage of asset and income 80000 160000 195% 45% 70
Slide 66: Appendix
© Swedbank
Slide 67: Sustainability history timeline
Launched fund Swedbank’s first Swedbank is the first First SRI mutual fund Swedbank acquired First listed Nordic Headquarters in investing in Group-wide savings bank launched – a majority stake in bank to receive ISO Stockholm received companies with sustainability report established in excluding se
Slide 68: Climate risk and fossil fuel financing policy
Lending to TCFD material groups, SEKm 400 000 350 000 300 000 Support the increased investment need in the transition to a low carbon economy 250 000 200 000 Identify, measure and monitor transition and physical climate risks 150 000 100 000 Increase climate change awareness and enhance transparent
Slide 69: Macro scenarios
Positive scenario Baseline scenario2 Negative scenario 2023 2024 2025 2023 2024 2025 2023 2024 2025 Sweden GDP (annual % change) -0.6 1.5 2.1 -1.2 0.9 2.4 -7.7 -1.0 3.5 3 Unemployment (%) 7.8 7.8 7.3 7.9 8.1 7.5 9.3 11.2 10.4 House prices (annual % change) -13.6 -3.4 3.2 -13.9 -4.4 3.3 -19.2 -18.1 1
Slide 70: Impairment stages (IFRS 9)
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 71: CET1 requirement development
● CCyB impact includes assumed increase to 2.5 per cent in Sweden by mid-2024 and Realised impacts as of Q3 2022 announced increases in -0.6% ~15% other markets 1.3% ● P2R add-ons to reduce requirement following 13.7% 0.0% 0.3% -0.5% 0.8% implementation of IRB models CET1 SRB in P2R P2G CCyB: CCyB P
Slide 72: Capital generation and excess capital
~ ● Expecting to generate ~300bps of capital in excess of management buffer of 200bps Assumed regulatory impacts ● Excess capital to be -300 distributed to shareholders 460 700 ● Details of distribution -300 -200 and reassessment of 200 dividend policy subject -130 to conclusion of US investigation
Slide 73: Liquidity reserve and LCR assets
SEKm Level 1 assets 678 430 Cash and balances with central banks 1 356 585 2 Securities issued or guaranteed by sovereigns, central banks or MDBs and international organisations 276 651 Securities issued or guaranteed by municipalities public sector entities 3 024 Extremely high quality covered bond
Slide 74: Funding programmes
Swedbank AB 100% owned Swedbank Mortgage AB 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**
Slide 75: Public benchmark issuance
ISIN Product Tenor Currency Amount, mn Type Spread Value date Maturity date XS2282210231 SNP 7Y EUR 750 Fixed MS+63 January 12, 2021 January 12, 2028 XS2317119969 SP 144a 3Y USD 750 Fixed T+55 March 17, 2021 March 17, 2024 XS2343563214 SNP 6NC5 EUR 1 000 Fixed MS+57 May 20, 2021 May 20, 2027 ● The t
Slide 76: Investor relations contacts and financial calendar
Annie Ho Magnus Alvesson Markus Sandgren Q2 Interim report 18 Jul 2023 Head of Investor Relations Equity & Credit Rating Equity Q3 Interim report 26 Oct 2023 Mobile: +46 703 43 78 15 Mobile: +46 706 10 33 41 Mobile: +46 727 31 62 84 annie.ho@swedbank.com magnus.alvesson@swedbank.com markus.sandgren@