Swedbank (SWED) Investor presentation summary

Strategic direction and sustainability

• Focus on empowering people and businesses for a sustainable future, with values of openness, simplicity, and caring.

• Targets carbon neutrality by 2050 and significant reductions in financed emissions by 2030.

• Ambition to triple sustainable lending and increase ESG bond share to at least 40% by 2027.

• Lending portfolio climate targets include substantial emission intensity reductions across key sectors by 2030.

Financial performance and targets

• Q1 2026 total income SEK 17.1bn, net profit SEK 7.3bn, and EPS after dilution SEK 6.50.

• Return on equity at 13.3%, cost/income ratio 0.40, and credit impairment ratio 3 bps.

• CET1 capital ratio at 17.5% with a buffer of ~270bps, LCR at 160%, and NSFR at 123%.

• Dividend policy targets 60-70% payout, with a proposed ordinary dividend of SEK 20.45 and special dividend of SEK 9.35 per share for 2025.

Asset quality and risk management

• Solid asset quality with total credit impairments of SEK 164m in Q1 2026.

• Private loans make up 60% of the SEK 1,898bn loan book; 16% of loans from Baltic banking.

• Property management loans average LTV at 53%, with strong collateral and cash flow focus.

• 96% of Swedish private mortgage portfolio below 70% LTV; average LTV at 58%.