Interim report January - September 2009

Third quarter 2009: compared with second quarter 2009 - The result for the period was SEK -3 337m (-2 012) - Earnings per share were SEK -3.57 (-2.16) - The return on equity was negative (negative) - The cost/income ratio was 0.56 (0.48) - Net interest income decreased by 4 per cent to SEK 5 017m (5 243) - Profit before impairments and provisions excluding non-recurring items decreased by 10 per cent to SEK 3 593m (3 997) - Net impairment losses on loans amounted to SEK 6 121m (6 672). Provisions for loan losses amounted to SEK 5 338m (6 138). Net write-offs amounted to SEK 783 m (534). The loan loss ratio was 1.95 per cent (2.10) - The Tier 1 capital ratio increased to 11.4 per cent according to the new rules (11.1 per cent on 31 December 2008) and 8.8 per cent (8.4) according to transition rules. The core Tier 1 capital ratio was 9.9 per cent (9.7) according to the new rules and 7.7 per cent (7.4) according to the transition rules. On a pro forma basis including the rights issue, the core Tier 1 capital ratio was 12.3 per cent according to the new rules and 9.5 per cent with the transition rules. January-September 2009: compared with January – September 2008 - The result for the period was SEK -8 707m (8 972) - Earnings per share were SEK -9.32 (13.85) - The return on equity was negative (17.0 per cent) - The cost/income ratio was 0.51 (0.50) - Net interest income increased by 1 per cent to SEK 16 063m (15 960) - Profit before impairments and provisions excluding non-recurring items increased by 7 per cent to SEK 12 875m (12 027) - Net impairment losses on loans amounted to SEK 19 638m (1 523). Provisions for loan losses amounted to SEK 18 028m (1 230). Net write-offs amounted to SEK 1 610m (293) - Impairment of intangible assets affected profit by SEK 1 305m (0) Please read the full report in the pdf-document attached or on www.swedbank.com/ir

About Us

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 618 000 corporate customers and organisations with 191 branches in Sweden and 125 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 30 June, 2018 the group had total assets of SEK 2 646 billion. Read more at www.swedbank.com

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