REG - Swedbank AB - Swedbank’s Annual and Sustainability Report 2024

Swedbank ABAnnouncement

20/02/2025 12:15

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RNS Number : 8911X  Swedbank AB  20 February 2025

 

Swedbank's Annual and Sustainability Report 2024

 

20 February 2025

 

Today Swedbank has published its Annual and Sustainability Report for 2024.

 

"Swedbank delivered a strong result for 2024. We have been there for our
customers, had good cost control and solid credit quality. A sustainable bank
is a profitable bank," says Jens Henriksson, President and Chief Executive
Officer.

The bank's return on equity amounted to 17.1 per cent for the year, while the
cost-to-income ratio amounted to 0.34. Swedbank's Board of Directors has
proposed a dividend of SEK 21.70 per share for 2024. As a profitable bank,
Swedbank gives back to society through its owners: the Savings Banks,
insurance companies, pension funds, individual investors and foundations.

 

During the year, the bank intensified its work in sustainability and financial
health. In total, the sustainable assets that qualify for Swedbank's
Sustainable Funding Framework increased by 70 per cent during the year, and of
the bonds the bank arranged, 36 per cent were sustainable, according to the
established criteria.

 

In Sweden, Swedbank provided personal finance education and insights to 100
000 children and young people during the year through the Young Economy
initiative together with schools, sport clubs and associations, thus helping
to build financial health.

 

In the Annual and Sustainability Report for 2024, the bank has chosen to apply
the Corporate Sustainability Reporting Directive (CSRD), voluntarily and
earlier than required. The aim of the CSRD is to make sustainability reporting
more comparable and reliable.

 

Swedbank's promise to its customers is a simpler financial life. In 2024, the
bank accelerated investments in its advisory platform, in a cloud-based
communication platform, and in an improved end-to-end lending process, to
facilitate contact and communication with customers.

 

"We look forward to meeting our shareholders at our Annual General Meeting on
March 26, where we will share more information on how we have developed our
business during 2024," Jens Henriksson says.

 

The Annual and Sustainability Report for 2024, and other annual reports, are
available for download at swedbank.com
(https://www.swedbank.com/investor-relations/reports-and-presentations.html) .

 

Swedbank Annual and Sustainability Report 2024 (PDF):
http://www.rns-pdf.londonstockexchange.com/rns/8911X_2-2025-2-20.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/8911X_2-2025-2-20.pdf)
Risk and Capital Adequacy Report 2024 (PDF):
http://www.rns-pdf.londonstockexchange.com/rns/8911X_1-2025-2-20.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/8911X_1-2025-2-20.pdf)

 

Contact:

Love Liman Jacobsson (mailto:love.liman.jacobsson@swedbank.se) , Press
Communicator, tel. +46 72 233 92 32

Magnus Alvesson (mailto:magnus.alvesson@swedbank.com) , Head of Investor
Relations (Acting), tel. +46 70 610 33 41

 

 

This information is information that Swedbank AB (publ) is obliged to make
public pursuant to the Securities Market Act (2007:528). The information was
submitted for publication through the agency of the contact person set out
above on 20 February 2025, at 12:00 CET.

Swedbank empowers the many people and businesses to create a better future.
Our vision is a financially sound and sustainable society. Swedbank Group is
the leading bank with over 7 million retail customers and 550 000 corporate
customers in our four home markets: Sweden, Estonia, Latvia and Lithuania.
Swedbank Group is also present in other Nordic countries, the US and China.
Together we make your financial life easier. Find out more: www.swedbank.com

 

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