Länsförsäkringar Bank: Interim report January – September 2007

”I am very proud of the fact that Länsförsäkringar has Sweden’s most satisfied bank customers in the retail market. This is the best confirmation that we know what our customers really want and that our offering is strong and in demand in the market. Business volumes grew substantially and we increased our market share of mortgage loans. There was a great unrest in the capital market during the third quarter. Our operations are characterized by a low level of risk both in lending and the liquidity portfolios. I can state that our refinancing operations functioned well and that the bank's liquidity situation is highly favourable”, says Tomas Johansson, President of Länsförsäkringar Bank.

Summary
Income before loan losses amounted to SEK 209 M (171) and operating income
amounted to SEK 172 M (146) after loan losses, an increase of 18%.
Revenue was up 8% to SEK 805 M (743).
Net interest income rose by 9% to SEK 739 M (680).
Operating expenses increased by 4% to SEK 595 M (573).
The cost/income ratio declined to 0.74 (0.77).
Loan losses remained low, amounting to SEK 38 M (25).
Return on equity after standard tax was 4.9% (4.5).
Länsförsäkringar has the most satisfied bank customers in the retail market according
to the Swedish Quality Index (SKI).
Lending to the public increased 21% to SEK 63 billion (52) and deposits from the
public rose 17% to SEK 28 billion (24).
Fund volumes in the subsidiary Länsförsäkringar Fondförvaltning rose by 14% to SEK
67 billion (59).
Mortgage lending by the subsidiary Länsförsäkringar Hypotek rose by 25% to SEK 44
billion (35).
The number of customers rose to 660,000 (604,000).

Figures in parentheses pertain to January – September 2006.
All comparative figures have been restated in accordance with IFRS.

The full report is attached and also available at www.lansforsakringar.se/reports.

For further information, contact:

Tomas Johansson,
President, Länsförsäkringar Bank AB
+46 (0)8-588 419 82
+46 (0)73-96 419 82

Anders Borgcrantz,
CFO, Länsförsäkringar Bank AB
+46 (0)8-588 412 51
+46 (0)73- 96 412 51

Dag Rosander,
Press Officer, Länsförsäkringar AB
+46 (0)8-588 414 99
+46 (0)73-96 414 99