Swedbank maintains 2026 cost guidance at SEK 27.5 billion, excluding extraordinary costs and FX effects

• Swedbank maintained its 2026 cost guidance at SEK 27.5 billion, excluding extraordinary costs and foreign-exchange effects.
• Restructuring synergies are expected to offset additional investments in 2027, despite investment levels remaining elevated.
• The restructuring program is expected to reduce annual costs by approximately SEK 1 billion once fully implemented by end-2028.
• Model changes and Entercard portfolio sales should lift the CET1 buffer approximately 60 basis points over two quarters, from 215 basis points.
• The bank targets a 200-basis-point capital buffer; distributions beyond its 60%-70% dividend policy remain discretionary.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Swedbank AB published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.