Agreement on sale of non-performing loans

Entercard – a wholly-owned subsidiary of Swedbank – has entered into an agreement to sell the non-performing part of its consumer finance portfolio to Brocc Finance and Intrum. The non-performing portfolio amounts to around SEK 4 billion.

To Swedbank, the sale will have the following financial effects:

The transaction is expected to close in the fourth quarter, subject to customary closing conditions and regulatory approvals.

Maria Caneman, Head of Investor Relations, phone: +46 72 238 32 10, e-mail: maria.caneman@swedbank.se

Love Liman Jacobsson, Press Officer, phone: +46 72 233 92 32, e-mail: love.liman.jacobsson@swedbank.se

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