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Q1 2021 Interim report January - March 2021 , 27 April 2021 Swedbank 71820 Interim report for the first quarter 2021 First quarter 2021 compared with fourth quarter 2020 • Return on equity increased to 12.8 per cent " Better profitability in a time of major challenges " Jens Henriksson , President and CEO • • Profit for the period increased by 10 per cent Net interest income and net commission income stable with increased income from asset management Expenses according to plan Lower credit impairments Solid capital and liquidity buffers Financial information SEKM Total income Q1 Q4 Q1 2021 2020 % 2020 % 11 402 11 764 -3 10 232 11 Net interest income 6 541 6 567 0 6 686 -2 Net commission income 3 360 3 376 0 3 223 4 Net gains and losses on financial items 585 910 -36 -322 Other income¹ ) 916 911 1 645 Total expenses 4974 5586 -11 9 370 44 42 -47 of which adminstrative fine 4 000 Profit before impairment 6 428 6 178 4 862 Impairment of intangible and tangible assets 1 Credit impairment 246 523 Tax expense 1 208 1 144 -53 6 2 151 -89 398 Profit for the period attributable to : 4 975 4 510 10 -1 687 Shareholders of Swedbank AB Earnings per share , SEK , after dilution Return on equity , % Return on equity excl . administrative fine , % C / I ratio C / I ratio excl . administrative fine 4.43 4.01 -1.50 12.8 11.8 -4.8 12.8 11.8 6.5 0.44 0.47 0.92 0.44 0.47 0.52 Common Equity Tier 1 capital ratio , % 18.0 17.5 16.1 Credit impairment ratio , % 0.06 0.12 0.51 1 ) Other income includes the items Net insurance , Share of profit or loss of associates and joint ventures and Other income from the Group income statement . Swedbank Interim report Q1 2021 1