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

By Public Technologies
  • 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.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.