Press Release
22 January 2025
Swedbank changes dividend
policy
Swedbank's
Board of Directors has decided to change the dividend policy to
shareholders from 50 percent to 60-70 percent of the annual
profit.
"Swedbank
has since 2019 had a lower
dividend policy to strengthen the bank's capital position. Now it
is time for our owners such as Savings banks, retail investors,
pension funds and foundations to once again get an increased part
of the earnings. Today, we have therefore decided to change the
dividend policy," says Göran Persson, Chairman of the Board,
Swedbank.
"While we have no new information on
the U.S. investigations, we cannot continuously build capital. The
board's decision to change the dividend policy enables us to both
develop the bank for our customers and also grow lending as the
business environment changes, while we ensure a continued strong
capital position," says Jens Henriksson, CEO and President,
Swedbank.
Tomorrow, 23 January, Swedbank
publishes its year-end 2024 report and the proposed dividend for
2024.
Contact:
Annie
Ho, Head of Investor Relations,
tel. +46 70 343 78 15
Charlotte Nilsson, Press Communicator, tel. +46
76 345 66 12
This information constitutes inside
information that Swedbank AB (publ) is obliged to make public
pursuant to the EU Market Abuse Regulation (EU no 596/2014). The
information was submitted for publication, through the agency of
the contact person set out above, 22 January 2025, at 18:32
[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 U.S. and China. Together we make your
financial life easier. Find out more: www.swedbank.com
http://www.rns-pdf.londonstockexchange.com/rns/3573U_1-2025-1-22.pdf
