Länsförsäkringar Bank: Interim report, January - September 2003

Länsförsäkringar Bank: Interim report, January - September 2003 Summary: - Operating income before loan losses more than doubled and amounted to SEK 68.3 M (33.3) and to SEK 34.6 M (14.3) after loan losses. - Revenues increased 24% to SEK 587.4 M (472.2). - Administration costs increased 14% to SEK 522.3 M (457.8). - Net interest income rose 28%. - Return on equity amounted to 3.1% (1.9). - Lending to the general public rose 58% to SEK 27.9 billion (17.7) and deposits from the general public increased 25% to SEK 17.4 billion (13.9). - Mortgage loans increased by 132% or SEK 8.2 billion and amounted to SEK 14.4 billion (6.2). - The number of customers rose by 59,000 to 440,000 (381,000). - The number of full customers, meaning those that have both their daily finances, savings and loans with the bank, increased by 50% since the beginning of the year. - Länsförsäkringar's bank customers are among the most satisfied in Sweden, according to the 2003 Swedish Quality Index. - The office network is being expanded successively and today there are 82 advisory offices. - During the quarter, an agreement was signed with Finansiell ID- Teknik BID AB. In the beginning of 2004, customers will be able to order an electronic BankID via the Internet bank. Figures in parentheses pertain to the first nine months of 2002. - Länsförsäkringar's bank operations continued to develop positively. The number of full customers has increased by 50% since the beginning of the year. It is gratifying that operating income more than doubled during the most recent twelve-month period and that volume growth in lending remains strong. According to the latest Swedish Quality Index, Länsförsäkringar has the best-value banking services and the most loyal bank customers. This creates excellent prerequisites for the future says, Tomas Johansson, Managing Director Länsförsäkringar Bank. You will find the report at www.lansforsakringar.se/Info For additional information, contact: Tomas Johansson, Managing Director, Länsförsäkringar Bank +46 8-588 419 82 +46 73-96 419 82 tomas.g.johansson@lansforsakringar.se Catharina Strömsten, Retail Banking Manager, Länsförsäkringar Bank +46 8-588 424 52 +46 73-96 424 52 catharina.stromsten@lansforsakringar.se Christer Baldhagen, Senior Vice President Corporate Communications, Länsförsäkringar AB +46 8-588 415 01 +46 70-579 70 66 christer.baldhagen@lansforsakringar.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/24/20031024BIT00490/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/24/20031024BIT00490/wkr0002.pdf The full report

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Länsförsäkringar is Sweden’s only customer-owned and locally established banking and insurance group. The customers in each of the counties in the country own their local and independent regional insurance company. The 23 regional bank and insurance companies cooperate in the jointly owned Länsförsäkringar AB, which conducts development and provides services within banking, life assurance, non-life insurance and animal insurance. Länsförsäkringar offers a broad range of insurance and banking services for individuals, companies and farming. All companies within the Länsförsäkringar Alliance are environmentally certified in accordance with ISO 14001.

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