About Swedbank AB (publ)

Swedbank AB (publ) (Swedbank) provides financial services and products. The company's main products are financing, savings and investments, payments and cards, and trading and capital markets. The company offers and develops financing solutions. The company is the leading bank for the many households and businesses in its four home markets: Sweden, Estonia, Latvia, and Lithuania. The company has seven million private customers and 550 000 corporate customers. Swedbank is a bank for the many private customers, small and midsized corporates, and a selected number of large corporates requiring financing, savings, insurance, and daily banking products and services. To meet the company's customers' needs, the company also enters into collaborations and partnerships, with the savings banks being the company's most important partner. The company is a digital bank with physical meeting points and the ability to create value for customers based on their needs. Swedish Banking Sweden is Swedbank's largest market, with around 4 million private customers and over 300 000 corporate customers. Swedish Banking offers private customers and small to medium-sized companies financial services and advice adapted to their specific situation and needs. Swedbank is a digital bank with physical meeting points and satisfies customers' needs with the help of partners. The company is available through digital devices, by telephone or in person, depending on what customers need help with. Baltic Banking Swedbank is the largest bank by number of customers in Estonia, Latvia and Lithuania, with around 3.4 million private customers and nearly 300 000 corporate customers. According to surveys, Swedbank is also the most loved brand in the Baltic countries. Through digital channels, customer centres and branches, the bank is always available. Swedbank is part of the local community. Local engagement is expressed in many ways, with initiatives to promote education, entrepreneurship and social welfare. Swedbank has branches in Estonia, Latvia and Lithuania. Large Corporates and Institutions Large Corporates and Institutions is responsible for Swedbank's offering to customers with revenues above SEK 2 billion and those with complex needs due to multinational operations or a need for advanced financing solutions. The business area is also responsible for corporate and capital market products in other parts of the bank and for the Swedish savings banks. Large Corporates and Institutions works closely with customers, who receive advice to create long-term profitability and sustainable growth. The business area is represented in Sweden, Estonia, Latvia, Lithuania, Norway, Finland, China and the U.S.A. Group Functions & Other Group Functions & Other consists of central business support units and the customer advisory unit Group Products & Advice. The central units serve as strategic and administrative support and comprise Group Finance, Group Brand, Communication & Sustainability, Group Risk, Group Channels & Technologies, Group Compliance, Group HR & Infrastructure och Group Legal. Group Treasury is responsible for the bank's funding, liquidity and capital planning. Group Treasury also sets the prices for all internal deposit and loan flows in the Group through internal interest rates, where the most important parameters are maturity, interest fixing period, currency, and need for liquidity reserves. Strategic Partnership in Denmark Swedbank enters into a strategic partnership with Sydbank A/S. The partnership will enable a stronger offering for Swedbank's corporate clients operating in Denmark. Swedbank decided to wind down its Danish business to create a clearer focus on its home markets. Products The company's products include: Financing: Private residential lending, consumer financing, corporate lending, leasing, other financing products, trade finance, and factoring; Trading & Capital Market Products: Equity trading, structured products, corporate finance, custody services, fixed income trading, currency trading, and other capital market products; Savings & Investments: Savings accounts, mutual funds and insurance savings, pension savings, institutional asset management, and other savings and investment products; Other: Administrative services, treasury operations, real estate brokerage, real estate management, legal services, safe deposit boxes, and other; and Payments & Cards: Current accounts (incl. cash management), cash handling, domestic payments, international payments, mobile payments, document payments, debit cards, credit cards (incl. EnterCard), card acquiring, and other payment products. Segments Swedish Banking, Swedbank's dominant operating segment, is responsible for all Swedish customers except for large corporates and financial institutions. The operating segment's services are sold through Swedbank's own branch network, the customer center, the Internet Bank and the distribution network of the independent savings banks. The operating segment also includes a number of subsidiaries. Baltic Banking operates in Estonia, Latvia and Lithuania. Its services are sold through its own branch network, the Customer center and digital channels. Large Corporates & Institutions is responsible for large corporates, financial institutions, and banks, as well as for trading and capital market products. Operations are carried out in Sweden, Norway, Finland, the U.S., and China; and through the trading and capital market operation in Estonia, Latvia and Lithuania. The Group Functions operate across the business areas and serve as strategic and administrative support for them. Group Functions and other are Group Products & Advice, Group Channels & Technologies, CFO Office (including Group Treasury), Group Risk, Group Compliance, Group Credit, Group Communication & Sustainability, Group HR & Infrastructure, Group Legal, the Group Executive Committee and Internal Audit. Strategic Targets The company's strategies include a financially sound and sustainable society; customer satisfaction and brand trust; continuously working to maintain a stable infrastructure and reliable digital performance to ensure that products and services are available when needed; and solid risk management and compliance. Regulation Swedbank is subject to extensive banking regulations and is required within the framework of sound corporate governance to comply with, among others, the following: Swedish Companies Act; Banking and Financing Business Act; Securities Market Act; Market Abuse Act; Annual Accounts Act for Credit Institutions and Securities Companies; Money Laundering and Financing of Terrorism (Prevention) Act; Nasdaq Stockholm Rules for Issuers; Swedish Code of Corporate Governance; and rules and guidelines of the Swedish FSA and other authorities. Swedbank shall also comply with a large number of regulations adopted at the EU level, including regulation of the European Parliament and of the Council on Prudential Requirements for Credit Institutions and Investment Firms (CRR); the Market Abuse Regulation (MAR) of the European Parliament and of the Council; the General Data Protection Regulation (GDPR) of the European Parliament and of the Council; the EBA's guidelines on internal governance; the EBA's guidelines on outsourcing; and the ESMA and EBA's joint guidelines on the assessment of suitability of members of the management body and key function holders. History The company was founded in 1820. It was incorporated in 1942. The company was formerly known as ForeningsSparbanken AB and changed its name to Swedbank AB (publ) in 2006.