Swedbank Ab Class A · OMXSTO:SWED_A
Swedbank Ab Class A — Q3 2026 Earnings Presentation
73 slides from Swedbank Ab Class A's earnings presentation, Oct 22, 2026
Slide 1: Investor presentation Q3 2026
2026 Investor presentation Q3
Slide 2: Disclaimer
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 uncertainti
Slide 3: Contents
Contents 1. This is Swedbank Financial results 3 2. Financial results 11 3. Asset quality 24 4. Capital considerations 32 Liquidity and funding 5. Liquidity and funding 36 Cover pool data 6. Cover pool data 44 Swedish and Baltic economy 7. Swedish and Baltic economy 51 8. Swedish housing and mortgag
Slide 4: Strategic Direction
Strategic Direction Our vision We empower the many people and businesses Our purpose to create a better future Our customer promise A financially sound Our values and sustainable society Together we make your financial life easier • By providing guidance on your terms Open • By helping you to be mor
Slide 5: Excellent scale and distribution capabilities with strong financial position and low risk
Excellent scale and distribution capabilities with strong financial position and low risk Large customer base Product range via multiple Strong financial position across home markets channels and low risk Sweden pop. 10.6m +7m Full -service offering Funding and capital position ~80% of loan book pri
Slide 6: Stable earnings, low risk and strong capital generation
Stable earnings, low risk and strong capital generation 13.2 13.3 18.3 17.1 15.2 35.0 10 RoE target of at25.0 30.87 Earnings per share, SEK least 15% 15.0 30.4 28.98 -40 18.6 19.4 Return on equity, % 5.0 -5.0 -90 C/I ratio not above 0.40 Cost to income ratio 0.54 0.44 0.40 0.33 0.34 Solid asset qual
Slide 7: Own targets and commitments
Own targets and commitments 2050 Carbon neutrality and interim target setting 2050 Swedbank Robur combined fund capital will be net zero by 2050 latest. 2030 Reduce direct greenhouse gas emissions from own operations by 60 per cent1) 2030 Reduce financed emissions in line with 1.5-degree pathways2)
Slide 8: Lending portfolio climate targets for 2030
Lending portfolio climate targets for 2030 ● 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 g
Slide 9: Swedbank 15/27
Swedbank 15/27 Strengthen Grow our Increase our business our customer interactions volumes efficiency © Swedbank 9
Slide 10: Swedbank 15/27
Swedbank 15/27 Financial plan Business priorities Business targets By 20271) Target level I. Strengthen Increase availability 80% of calls answered in 3min ≥15% customer Number of assisted service interactions -50% from 2024 RoE SB Number of digital sales +50% from 2024 interactions Market share in
Slide 11: Contents
Contents 1. This is Swedbank Financial results 3 2. Financial results 11 3. Asset quality 24 4. Capital considerations 32 Liquidity and funding 5. Liquidity and funding 36 Cover pool data 6. Cover pool data 44 Swedish and Baltic economy 7. Swedish and Baltic economy 51 8. Swedish housing and mortgag
Slide 12: Swedbank Q3 2026 summary
Swedbank Q3 2026 summary Profitability Financial stability & liquidity 15.6 % 0.41 17.2 % 215bps Return on equity Cost/Income ratio CET1 capital ratio CET1 capital buffer 1.52 % SEK 7.30 160 % 121 % Net interest margin EPS after dilution LCR NSFR Credit quality Quarterly development (in SEKbn, QoQ)
Slide 13: Income statement
Income statement SEKm Q3 2026 Q2 2026 ▲ ● Net profit SEK 8.2bn Net interest income 11 568 11 276 3% Net commission income 4 704 4 462 5% ● Return on equity Net gains and losses 601 1 060 -43% 15.6 per cent, 16 per cent adj.2) Other income 1 114 1 306 -15% ● Cost/Income ratio Total income 17 986 18 1
Slide 14: Lending volumes
Lending volumes Group, SEKbn QoQ +2% Sweden 1,2) , SEKbn QoQ +0.7% +23 1 610 8 3 1 621 12 1 953 12 1 965 1 930 11 Q2 2026 Private Corporate Q3 2026 Baltic Banking 2) , SEKbn QoQ +3.7% 320 6 5 332 Q2 2026 1) Sweden 1) Baltic Q3 2026 FX Q3 2026 Q2 2026 Private Corporate Q3 2026 Banking excl. FX 1) Swe
Slide 15: Deposit volumes
Deposit volumes Group, SEKbn QoQ +0% Sweden 1,2) , SEKbn QoQ -1.5% -6 870 857 -2 -11 1 331 7 1 325 12 1 337 Q2 2026 Private Corporate Q3 2026 -13 Baltic Banking 2) , SEKbn QoQ +1.4% 461 2 5 468 Q2 2026 1) Sweden 1) Baltic Q3 2026 FX Q3 2026 Q2 2026 Private Corporate Q3 2026 Banking excl. FX 1) Swede
Slide 16: Net interest income
Net interest income NII development, SEKm QoQ +3% ● NII supported by higher business +292 volumes and higher ECB rates 581 15 ● Increased funding cost 11 568 11 276 -54 -250 NII impact from SEKm Interest income Interest expense Business volumes 116 FX 85 Q2 2026 Lending Deposit Cash with Wholesale Q
Slide 17: Net commission income
Net commission income NCI development, SEKm QoQ +5% ● Asset management increased due to +242 strong stock market performance, − Positive FX effects and net inflow 178 16 5 43 4 704 4 462 of SEK 8bn ● Seasonally higher income from cards ● Stable insurance business ● Other – supported by service conce
Slide 18: Net gains and losses
Net gains and losses NGL distribution, SEKm ● High business activity, mainly driven by Fixed income and FX 19 252 ● Negative revaluations in Treasury 601 largely offset by positive share -77 -15 performance in strategic holdings 422 FX sales & Fixed income DCM Treasury Other Total NGL Q3 trading and
Slide 19: Other income
Other income Other income development, SEKm QoQ -15% ● Lower net insurance due to higher -193 claims and negative revaluations 1 306 ● Higher results from partly owned companies (Associates) -48 29 4 1 114 ● Income from services sold to savings -177 banks included in Other -225 Net insurance Q2 2026
Slide 20: Costs
Costs Costs by quarter, SEKm QoQ -6% ● Costs seasonally lower Costs Underlying costs1) C/I – ratio C/I – ratio1) -4% ● Extraordinary costs of SEK 673m 7 854 7 417 – SEK 190m (YTD SEK 1.05bn) 6 994 6 744 – In total SEK 1.3bn announced for 2026 0.43 0.41 – Settlement fee with DFS of SEK 483m 0.40 0.39
Slide 21: Credit impairments
Credit impairments SEKm 420 -70 ● Solid asset quality -265 -216 ● -14 bps credit impairment ratio in Q3 -149 ● Improved macro scenario -421 -701 ● Rating & stage migrations – primarily from a few re-rated corporates Macro Rating & stage Post model Individual Other, incl. Entercard Total credit scena
Slide 22: Common equity tier 1 capital
Common equity tier 1 capital CET1 capital ratio development, per cent ● CET1 capital ratio of 17.2 per cent ● REA increased by SEK 24bn due to increased lending ● Pillar 2 requirements increased by 23 215bps buffer1) bps from SREP 2026 17.4% 0.3% 17.2% ● 100-300bps capital buffer range -0.3% -0.1% -
Slide 23: Estimated CET1 buffer impacts
Estimated CET1 buffer impacts Q4 2026 Q1 2027 ● IRB approvals – Swedish mortgage model – Baltic corporate model -15 bps ● Pillar 2 requirement move of +75 bps remaining IRB add-on to Pillar 1 CET1 capital ratio req. and buffer 215 290 275 15.1% 14.1% 14.1% Swedish P2R to P1 Sovereign Entercard, Ente
Slide 24: Contents
Contents 1. This is Swedbank Financial results 3 2. Financial results 11 3. Asset quality 24 4. Capital considerations 32 Liquidity and funding 5. Liquidity and funding 36 6. Cover pool data 44 7. Swedish and Baltic economy 51 8. Swedish housing and mortgage market 56 9. Appendix 61 © Swedbank 24
Slide 25: Total lending book Q3 2026
Total lending book Q3 2026 Total loans to customers Group, SEK 1 965bn Sector split of total loan book - of which ~17 per cent from Baltic banking Private mortgage & other 60.1% Commercial realestate 8.5% Residential properties 5.1% Tenant-owner associations 4.9% 1 181 Agriculture, forestry, fishing
Slide 26: Strong asset quality
Strong asset quality Total gross loans by stage Credit impairment provisions by stage Q3 2025 – Q3 2026, SEKbn Q3 2025 – Q3 2026, SEKbn 1 834 1 885 1 903 1 938 1 970 5.3 5.5 5.6 5.6 5.4 100% 10 9 9 8 6 100% 156 152 152 154 155 1.7 1.5 90% 80% 2.2 2.0 2.2 80% 60% 2.3 2.7 2.8 70% 1 668 1 723 1 742 1 7
Slide 27: Corporate loans
Corporate loans 1) Loans Carrying amount per sector and stages, SEKbn and in per cent of total loans Agriculture, forestry, fishing 3.1% Manufacturing 2.3% Public sector and utilities 3.0% Construction 1.0% Retail and wholesale 2.4% Transportation 0.7% Shipping and offshore 0.2% Hotels and restauran
Slide 28: Property management
Property management 18 per cent of total loans Loan distribution by country Loan distribution by type, Sweden ● Focus on strong cash flows Q3 2026, per cent Q3 2026, SEKbn, in total SEK 274bn and collateral ● Average LTV − Property management, 12% SEK 12% 53 per cent 354bn 77% 77% − Non-residential,
Slide 29: Property management
Property management Top 20 exposures Weighted average Debt service tolerance (DST) 1) Q2 2026 disclosures, per cent ● Well functioning financing market 8.6% 8.6% 8.9% 8.8% 8.7% 8.8% 8.6% 8.8% 8.5% ● Transaction market impacted by higher interest rates ● Future macro impacting ● Operational performan
Slide 30: Solid structural foundation for the housing and mortgage market in Sweden
Solid structural foundation for the housing and mortgage market in Sweden ● Full recourse (very limited debt forgiveness possibilities) Swedbank’s underwriting criteria ● No securitisation (on balance sheet), no sub-prime market, no 3rd – Minimum 10% own equity (LTV cap of 90%) for party origination
Slide 31: Private mortgages, Sweden
Private mortgages, Sweden Loan -to -value distribution Q3 2026, private mortgage loans, SEKbn 20 ● Average loan-to-value of 97% of portfolio below 70% LTV 16 56 per cent 12 8 4 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 LTV per cent 100 Past due
Slide 32: Content
Content 1. This is Swedbank Financial results 3 2. Financial results 11 3. Asset quality 24 4. Capital considerations 32 Liquidity and funding 5. Liquidity and funding 36 Cover pool data 6. Cover pool data 44 Swedish and Baltic economy 7. Swedish and Baltic economy 51 8. Swedish housing and mortgage
Slide 33: Capital requirements and capital ratios, per cent of REA
C apital requirements and capital ratios, per cent of REA 15.1% 17.2% 1.7% 2.6% 19.4% 21.9% 9.4% 18.8% ● CET1 capital ratio of 17.2% ● CET1 Pillar 2 requirements increased by 23 bps from 215bps SREP 2026 buffer1) 3.0 Pillar 2 Guidance 0.5 ● CET1 capital ratio buffer 2.5 18.8 Leverage ratio req. & P2
Slide 34: MREL
MREL (in per cent of Risk Exposure Amount (REA)) ● The National Debt Office MREL decision for 2026 42.0 - MREL 27.4% (buffer of 6.2%) 35.8 Eligible liabilities - Subordination requirement2) 9.0 20.3% (buffer of 4.3%) 7.1 Market ● The combined buffer Confidence Subordinated eligible Charge 11.1 liabi
Slide 35: Further regulatory changes expected
Further regulatory changes expected New IRB Regulations Capital requirements Revisions to Basel III ● Phase-in started during 2022 ● The SFSA has imposed an add- ● Applicable since 1 January 2025 with a new default definition, on related to the ongoing review while market risk rules expected followe
Slide 36: Contents
Contents 1. This is Swedbank Financial results 3 2. Financial results 11 3. Asset quality 24 4. Capital considerations 32 5. Liquidity and funding 36 6. Cover pool data 44 Swedish and Baltic economy 7. Swedish and Baltic economy 51 Swedish housing and mortgage market 8. Swedish housing and mortgage
Slide 37: Core balance sheet structure (simplified)
Core balance sheet structure (simplified) SEKbn Assets Liabilities Liabilities (lending) CET1 pre-covid (only 2 000 AT1 + Tier 2 for comparison) Senior non-preferred debt Lithuania Latvia Senior preferred debt Estonia 1 500 Other corporate lending, Sweden & other Nordic countries 1 000 Other private
Slide 38: Liquidity reserve
Liquidity reserve 160% Total, SEK 595bn Liquidity Coverage Ratio Liquid assets by issuer Liquid assets by currency Q3 2026, SEKbn Q3 2026, SEKbn 1 15 75 121% 90 8 Net Stable Funding Ratio 273 178 341 >12m 201 Survival horizon Cash and balances with central banks SEK EUR USD OTHER Sovereigns, central
Slide 39: Deposit volumes
Deposit volumes Total, SEK 1 359bn 58% covered by Total deposits deposit Change in deposit mix 13321) 1337 1) guarantees Term savings 154 162 Q3 2026, SEKbn Q3 2026, SEKbn On-demand savings 1000 431 429 Transaction accounts 1359 800 1 259 1 298 1 230 1 285 1 300 1 131 600 954 747 746 400 +42% 200 0
Slide 40: Conservative funding position
Conservative funding position Outstanding volumes, SEKbn Issued long -term debt, SEKbn 378 379 1349 1359 348 355 Q2 2026 Q3 2026 YTD Q3 SEK 120bn 76 YTD Q3 2026 134 139 128 114 24 13 8 Covered bonds Senior preferred SNP Short-term Deposits Covered Senior SNP Tier 2 programmes bonds preferred Maturit
Slide 41: Sustainable Asset Register
Sustainable Asset Register Total, SEK 188bn Social assets … Of which Certified buildings, SEK 31bn Green buildings Of which Other1) 64.7bn 22 1 0 3 4 Of which Property upgrade 1.9bn 1 Of which Mortgages, Sweden 66.1bn 14 15% 9 Green assets Of which Mortgages, Baltic banking 19.2bn 16% Clean transpor
Slide 42: Sustainable Asset Register
Sustainable Asset Register Total, SEK 188bn Continued growth in Q3 (+23% YoY) Outstanding sustainable bonds in Q3 2026 (~SEK 105bn) ● Organic growth, primarily in real-estate ● Issued one green SP bond in EUR, Q3 2026 Issued ISIN Green/Social Bond Type Currency Coupon % Issued Maturity Call date Sus
Slide 43: Ratings
Ratings ● On 12th of May, Fitch Ratings upgraded Swedbank AB's Long-Term Issuer Default Rating (IDR) to AA+ from AA-. This reflects the exclusion of senior resolution debt from IDR reference obligations and the bank's very large resolution debt buffer. At end-March 2026, this buffer was 19.8% of RWA
Slide 44: Contents
Contents 1. This is Swedbank Financial results 3 2. Financial results 11 3. Asset quality 24 4. Capital considerations 32 5. Liquidity and funding 36 6. Cover pool data 44 Swedish and Baltic economy 7. Swedish and Baltic economy 51 8. Swedish housing and mortgage market 56 9. Appendix 61 © Swedbank
Slide 45: Cover pool data
Cover pool data 1) 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 1 115.0bn – Amortising 77% Geographic distribution Sweden 100% – Interest only 23% Current OC-level 159% Wei
Slide 46: Cover pool data
Cover pool data Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation (www.coveredbondlabel.com ) Type of loans, per cent 30 Sep Geographical distribution, Sweden, per cent 30 Sep (based on loan volume) 2026 (based on loan volume) 2026 Residentials 93.6 North 6.8 of which Single-fam
Slide 47: Cover pool loan-to-value distribution
Cover pool loan -to -value distribution Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation ● Weighted average LTV on property level 52% (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
Slide 48: Cover pool loan type and loan-to-value distribution
Cover pool loan type and loan -to -value distribution Swedbank is a labeled issuer of the ECBC Covered Bond Label Foundation (www.coveredbondlabel.com ) WA LTV per property type Percentage of the pool Average LTV per loan type 120% 120% 100% 100% 80% 80% 60% 60% 40% 40% 20% 20% 0% 0% 2) Substitute 1
Slide 49: Over-collateralisation
Strong resilience to house price changes 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 159% 200% Q2 2026 ● Issued SEK 76bn of covered 180% Q4 2025 bonds YTD Q3 2026 160% Min req. 2% ●
Slide 50: Overview of the Swedish covered bond legislation
Overview of the 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, regulat
Slide 51: Contents
Contents 1. This is Swedbank Financial results 3 2. Financial results 11 3. Asset quality 24 4. Capital considerations 32 5. Liquidity and funding 36 6. Cover pool data 44 7. Swedish and Baltic economy 51 8. Swedish housing and mortgage market 56 9. Appendix 61 © Swedbank 51
Slide 52: Sweden – the economy gradually recovers
Sweden – the economy gradually recovers Key economic indicators1, 2025-2028 Most recent 2025 2026F 2027F 2028F Real GDP (calendar adjusted) 3.3 (Q2) 1.8 2.0 2.0 1.8 • Kingdom of Sweden rated CPI growth, average 1.1 (Sep) 0.7 0.9 2.8 1.7 Aaa/AAA/AAA CPIF growth, average 1.5 (Sep) 2.6 1.5 2.1 1.6 Unem
Slide 53: The Swedish economy – market developments
The Swedish economy – market developments Inflation ticks up SEK strengthening reverses vs. USD and euro Headline inflation (CPI) and with fixed interest rate (CPIF) Krona (SEK), US dollar (USD), euro (EUR) and trade-weighted 14 index (KIX) 12 135 12 4 10 130 3 11 8 6 2 125 10 4 1 120 2 0 9 0 115 -2
Slide 54: Baltics – growth picks up
Baltics – growth picks up Key economic indicators1, 2025-2028 Most recent 2024 2025 2026F 2027F Real GDP Estonia 1.8 (Q2) -0.1 0.6 2.0 2.5 Latvia 3.8 (Q2) 0.0 2.1 1.9 2.3 Ratings Lithuania 3.0 2.9 3.0 2.3 CPI growth, annual rate Estonia 3.9 (Q2) 3.5 (Sep) 3.5 4.8 4.3 2.9 • Republic of Estonia: A1/AA
Slide 55: Sentiments improve
Sentiments improve Economic sentiment Confidence indicators, sa, index represents deviations from long term average (=0) Estonia Latvia Lithuania 20 20 20 20 10 10 10 10 10 10 0 0 0 0 0 0 -10 -10 -10 -10 -10 -10 -20 -20 -20 -20 -20 -20 -30 -30 -30 -30 -30 -30 -40 -40 -40 -40 -50 -50 -40 -40 Sep-23 M
Slide 56: Contents
Contents 1. This is Swedbank Financial results 3 2. Financial results 11 3. Asset quality 24 4. Capital considerations 32 5. Liquidity and funding 36 6. Cover pool data 44 7. Swedish and Baltic economy 51 8. Swedish housing and mortgage market 56 9. Appendix 61 © Swedbank 56
Slide 57: Housing prices increased in September
Housing prices increased in September Trends and average house prices, September 2026 1 month 3 months 12 months Tenant owner rights ● Prices increased by 0.3% in September (m/m) Sweden total 0.6% 0.3% 5.4% Greater Stockholm 0.8% 0.2% 7.0% ● Price increases were driven by tenant- owner Greater Gothe
Slide 58: Seasonally adjusted prices continued to rise in September
Seasonally adjusted prices continued to rise in September ● Seasonally adjusted housing prices rose driven by both tenant-owner apartments and single-family homes ● Housing market activity picked up in September, but annual change rate remained flat Housing prices Housing market transactions Seasona
Slide 59: Loan growth as housing prices increase
Loan growth as housing prices increase ● Household mortgage borrowing and housing prices increase, while lending rates remain flat ● Household debt service has declined since peak in 2024 Mortgage loan growth, housing prices and interest rate Households’ interest expenses percent index percent of di
Slide 60: Housing market fundamentals
Housing market fundamentals ● Population growth slows sharply and completed housing continued to fall ● Household indebtedness level decreases Population growth slows Strong household balance sheets Completed housing and population growth, no. of persons and Household loans as percentage of asset an
Slide 61: Contents
Contents 1. This is Swedbank Financial results 3 2. Financial results 11 3. Asset quality 24 4. Capital considerations 32 5. Liquidity and funding 36 6. Cover pool data 44 7. Swedish and Baltic economy 51 8. Swedish housing and mortgage market 56 9. Appendix 61 © Swedbank 61
Slide 62: Investigations from historical shortcomings closed
Investigations from historical shortcomings closed ● No ongoing investigations of historical shortcomings from U.S., Swedish or Baltic authorities ● US Treasury’s Office for Foreign Assets Control (OFAC) – 19th June 2023, Settlement of SEK 37m (USD ~3.4m) regarding violation of OFAC regulations ● U.
Slide 63: ESG Ratings
ESG Ratings As per Q3 ISS Corporate Rating C+ (Prime) MSCI ESG Rating AA Sustainalytics ESG Risk Rating 15.2 © Swedbank 63
Slide 64: NII sensitivity
● +50bps = SEK +3.0bn NII (of which SEK +1.5bn in the Baltic countries) NII sensitivity -50bps = SEK -4.3bn NII (of which SEK -1.5bn in the Baltic countries) (fully priced in) Assuming zero passthrough on transaction deposits and full passthrough on all other assets and liabilities down to a floor o
Slide 65: A programme for more business and lower costs
A programme for more business and lower costs 2026 2027 2028 -> ● Focused card strategy ● Focused consumer finance strategy ● Continued investments ● SEK 1bn in lower run- offset by synergies rate by year-end 2028 ● Competence shift, streamlining, efficiency ● FTE ~16 8001) by year- end ● SEK 1.3bn
Slide 66: Entercard consumer finance divestments
Entercard consumer finance divestments Non -performing loan portfolio Performing loan portfolio ● Divestment of SEK 4bn1) expected to close in Q4 ● Divestment of SEK 7bn, expected to close in Q1 2026 2027 – Positive revaluation of expected credit losses of SEK – Approx. SEK 500m lower annual net int
Slide 67: IFRS9 scenarios – Q3 2026
IFRS9 scenarios – Q3 2026 30 September 2026 Positive scenario Baseline scenario Negative scenario 2026 2027 2028 2026 2027 2028 2026 2027 2028 Sweden ● Probability weightings GDP (annual % change) 2.5 2.8 2.2 2.5 2.0 1.9 1.4 -5.6 0.5 Unemployment (%) 1 8.5 7.8 7.1 8.5 8.0 7.5 8.7 10.2 10.7 ● 66.6 pe
Slide 68: CRE - stable average loan-to-values in Q3
CRE - stable average loan -to -values in Q3 Residential properties, country split Non -residential properties, country split Sweden Sweden Estonia Estonia SEK Latvia SEK Latvia 100bn Lithuania 253bn Lithuania Norway Norway Finland Finland Group Sweden 2) Estonia Latvia Lithuania Norway Finland Group
Slide 69: IFRS9 – main characteristics of the different loan stages
IFRS9 – main characteristics of the different loan 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 lifet
Slide 70: Active in private placements
Active in private placements ● 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: – GMTN, EMTN, and potentially USD 144a format © Swedbank
Slide 71: Funding programmes
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.) A
Slide 72: Benchmark transactions, 2025-2026
Benchmark transactions, 2025 -2026 ● The table excludes volumes ISIN Product Tenor Currency Amount, mn Type Spread Value date Maturity date issued on tap in the Swedish domestic covered bond market* XS2997537357 SNP 6NC5 GBP 400 Fixed G+100 February 11, 2025 October 11, 2030 * https://www.swedbank.c
Slide 73: Contacts and financial calendar
Contacts and financial calendar Investor Relations Financial calendar Maria Caneman Magnus Alvesson Q4 2026 Interim report 27 Jan 2027 Head of Investor Relations Equity Annual Report 2026 25 Feb 2027 Mobile: +46 722 38 32 10 Mobile: +46 706 10 33 41 Annual General Meeting 7 Apr 2027 maria.caneman@sw