Slides
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© Swedbank 2 ● Continued uncertainty about tariffs and trade ● Weak public finances ● Slowed global growth ● Four home markets with healthy fundamentals ● Signs of improvement in Sweden ● Estonia is still subdued ● Some recovery in Latvia ● Strong development in Lithuania
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© Swedbank 3
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© Swedbank 4 ● Personalisation ● Availability ● Customer experience ● Leverage customer relationships ● Daily banking and asset management ● Strict credit standards ● Technology and AI ● Simplify processes ● Restrictive hiring
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© Swedbank ● Our customer focus is producing results ● We have improved our availability further ● More customers do their everyday banking through digital channels ● The number of advisory sessions per employee has increased 5
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© Swedbank 6 ● Mortgage lending increased by SEK 5.2bn - Through own channels with SEK 4.2bn in Sweden ● Stable deposits ● Fund net inflow of SEK 9bn ● Acquisition of Entercard
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© Swedbank 7 ● Corporate lending increased by SEK 7bn ● 36% sustainable bonds ● Sustainable asset register has now surpassed SEK 150bn ● SB1 Markets launched ● "Click to Pay" service launched in the Baltics
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© Swedbank 8 ● Net profit SEK 8.5bn ● Cost/Income ratio 0.35 ● Return on equity 16.0 per cent ● EPS after dilution, SEK 7.53 ▲ Net interest income 10 819 10 917 -1% Net commission income 4 117 3 902 6% Net gains and losses 847 856 -1% Other income 1 322 1 286 3% Total income 17 105 16 962 1% Total expenses 6 030 6 119 -1% Profit before impairments 11 075 10 843 2% Other impairments n.a n.a n.a Credit impairments -398 150 n.m. Bank taxes and resolution fees 663 677 -2% Profit before tax 10 809 10 016 8% Tax 2 298 2 130 8% Net profit 8 512 7 886 8%
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© Swedbank -3 1 817 3 12 1 832 1 829 Q2 2025 Sweden Baltic Banking Q3 excl. FX FX Q3 2025 9 1) 1) Sweden including Swedish Banking, Premium and Private Banking, Corporates and Institutions and Group Functions 2) Excluding FX +15 289 5 7 300 Q2 2025 Private Corporate Q3 2025 1 529 2 2 1 532 Q2 2025 Private Corporate Q3 2025 QoQ +4.0% QoQ +0.2%QoQ +0.8%
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© Swedbank -2 -4 1 298 0 1 297 1 293 Q2 2025 Sweden Baltic Banking Q3 excl. FX FX Q3 2025 10 QoQ -0.1% 1) Sweden including Swedish Banking, Premium and Private Banking, Corporates and Institutions (excl. Group Treasury) 2) Excluding FX -2 427 2 427 Q2 2025 Private Corporate Q3 2025 -1 -1 871 870 Q2 2025 Private Corporate Q3 2025 QoQ +0.1% QoQ -0.2% -1 1)
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© Swedbank 11 -551 -55 -362 10 917 869 10 819 Q2 2025 Lending income Deposit expense Cash with central banks & other assets Wholesale funding & other liabilities Q3 2025 QoQ -0.9% ● Lower customer lending rates partly mitigated by higher volumes ● Decreased deposit funding cost from lower interest rates Interest income Interest expense -98 Non-business driven NII impact, SEKm Day count 60 FX 49 Deposit guarantee fee 25
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© Swedbank 12 ● Asset management commissions supported by stock market performance – Fund net inflow, SEK 9bn – AuM SEK 2 471bn ● Card commissions seasonally higher QoQ +5.5% +215 -383 902 180 53 21 4 117 Q2 2025 Asset Management Cards & Payments Insurance & Service concepts Other Q3 2025
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© Swedbank 13 ● High business activity in fixed income ● Positive revaluations from in Treasury 777 35 25 2 8 847 Client trading Bond inventories Treasury Liquidity portfolio Equity holdings & Other Total NGL Q3 2025
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© Swedbank -73 -29 1 286 49 26 63 1 322 Q2 2025 Underlying insurance Revaluations Associates Services to Savings banks Other Q3 2025 14 ● Lower underlying net insurance due to higher claims ● Higher results from partly owned companies (Associates) ● Increased income from services to savings banks ● One-off divestment to SB1 Markets, SEK 49m (Other) -102 Net insurance QoQ +2.7% +35
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© Swedbank 6 465 5 986 6 740 6 115 6 119 6 030 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 15 ● Seasonally lower costs for staff, IT- and consultancy ● VAT recovery for 2016 of SEK 197m (Q2 SEK 174m) ● Cost guidance FY 2025 around SEK 25.3bn Expenses C/I ratio -88 QoQ -1.4% Non-business driven SEKm FX 24 0.35 0.31 0.36 0.35 0.36 0.35
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© Swedbank -233 -398 -54 -228 568 -451 16 ● Solid asset quality ● Q3 credit impairments of SEK -398m corresponds to an impairment ratio of -8bps ● Remaining post model adjustment of SEK 364m ● Individual assessment driven by a few larger corporate exposures Macro scenarios Rating & stage migrations Post model adjustments Individual assessment Other, incl. repayments & write-offs Total credit impairments, Q3
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© Swedbank -0.3% -0.0% 19.7% 0.3% 19.7% 14.8% Q2 2025 Profit after anticipated dividend Credit risk Other Q3 2025 CET1 capital ratio requirement 17 ● CET1 capital ratio of 19.7 per cent ● Pillar 2 requirement reduced by 40bps from SREP 2025 ● REA increased by SEK 12bn – Mainly due to lending growth ● 100-300bps capital buffer range ~480bps buffer1) 1) Above Pillar2 Guidance
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© Swedbank 18
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© Swedbank SEK 710bn deposits reprice immediately on rate changes SEK 650bn equity and zero-interest rate funding 20 SEKbn (rounded), Q3 2025 ● +50bps = +3.1 SEKbn NII -50bps = -4.5 SEKbn NII (fully priced in) Assuming zero passthrough on transaction deposits and full passthrough on all other assets and liabilities down to a floor of 0% rates. ● Liabilities reprice faster than assets on interest rate changes 670 870 50 950 Assets 1 060 300 410 160 430 220 Liabilities © Swedbank = Administrative rate pricing = Base rate pricing Swedish mortgages Other adm. lending Market rate connected lending Cash & cash equivalents Equity Transaction deposits Term deposits Savings deposits Market rate connected deposits Market funding
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© Swedbank 157% 128% Liquidity Coverage Ratio Net Stable Funding Ratio 182% Overcollateralisation (Cover pool) >2Y Survival horizon Q3 2025, SEKbn Q3 2025, SEKbn SEK EUR USD OTHERCash and balances with central banks Sovereigns, central banks or multilateral development banks1 Municipalities or public service entities Extremely high-quality covered bonds High quality covered bonds 21 1) Held at Fair Value through PnL, except for holdings of central bank issued certificates of SEK 135bn that is held at Amortised Cost. 331 192 114 4 316 204 5 110 5
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© Swedbank 22 ● Robust capital generation ● Dividend payout ratio of 60-70 per cent ● Normalised CET1 capital ratio buffer of 200bps ● RoE of at least 15 per cent ● C/I ratio not above 0.40 ● Ensure long-term shareholder value