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.
Swedbank Annual and Sustainability
Report 2024 (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
Contact:
Love Liman
Jacobsson, Press Communicator,
tel. +46 72 233 92 32
Magnus
Alvesson, 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
