New proposal from Swedish Ministry of Finance regarding calculation of stabilisation fee for banks

The Swedish Ministry of Finance today submitted a new proposal regarding calculation of the stabilisation fee for institutions taking part of the Swedish guarantee scheme. According to the previous referral from the Ministry of Finance, 50% of the guarantee fees paid during the year were to be deducted from the stabilisation fee. In the new proposal, an average of the value of obligations guaranteed by the state is to be deducted from the amount forming the basis for calculation of the stabilisation fee. According to the previous referral, Swedbank has estimated net expenses related to the stabilisation fee to be zero for the first half-year of 2009. As a consequence of today’s proposal, net expenses related to the stabilisation fee are estimated to an additional SEK 130m for the first half-year of 2009, affecting net interest income as from the third quarter 2009. Further information, please contact: Johannes Rudbeck, Head of Investor Relations, Swedbank, phone: +46 70 582 56 56 Anna Sundblad, Press Officer, Swedbank, phone: +46 70 321 39 95

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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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