Länsförsäkringar Bank: Interim report, January-June 2006

- We are continuing to deliver growth and earnings. We are achieving this in a market with intense competition and depressed margins. This is strong evidence of our strength and sustainability. Operations are anchored on solid ground, but despite the positive development in recent years, we want to achieve more. We will continue to challenge by satisfying customers’ entire needs for banking and insurance services, says Tomas Johansson, President and CEO of Länsförsäkringar Bank.

Summary: Operating income amounted to SEK 111 M (102) before loan losses and to SEK 82 M (69) after loan losses. Revenue was up 4% to SEK 493 M (472) and administration expenses increased by 3% to SEK 381 M (369). Net interest income rose by 2% to SEK 443 M (435). The cost/income ratio declined to 0.77 (0.78). Loan losses remained low, amounting to SEK 29 M (33). Unconditional shareholders’ contributions totaling SEK 300 M have been received. Return on equity after standard tax was 3.9% (3.9). Lending to the public increased by 18% to SEK 51 billion (43) and deposits from the public rose 14% to SEK 23 billion (20). Mortgage lending by the subsidiary Länsförsäkringar Hypotek rose by 25% to SEK 34 billion (27). The number of customers increased to 594,000 (584,000). Figures in parentheses pertain to January–June 2005. Read the entire report: www.lansforsakringar.se/reports For further information contact: Tomas Johansson President Länsförsäkringar Bank AB +46 8 588 419 82 +46 73 96 419 82 tomas.g.johansson@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