Interim report January - June

Second quarter 2009 compared with first quarter 2009 - Profit for the period was SEK -2 012m (-3 358) - Earnings per share were SEK -2.61 (-4.34) - The return on equity was negative (negative) - The cost/income ratio was 0.48 (0.49) - Net interest income decreased by 10 per cent to SEK 5 243m (5 803) - Profit before impairments and provisions excluding non-recurring items decreased by 24 per cent to SEK 3 989m (5 273) - Net impairment losses on loans amounted to SEK 6 672m (6 845). Provisions for loan losses amounted to SEK 6 138m (6 552). Net write-offs amounted to SEK 534m (293). The loan loss ratio was 2.10 per cent (2.16) - The tier 1 capital ratio increased to 11.3 per cent according to the new rules (11.1 per cent on 31 December 2008) and 9.2 per cent (8.4) according to transitional rules The core tier 1 capital ratio was 9.8 per cent according to the new rules (9.7) January-June 2009 compared with January – June 2008 - Profit for the period was SEK -5 370m (6 504) - Earnings per share were SEK -6.95 (11.81) - The return on equity was negative (18.7 per cent) - The cost/income ratio was 0.48 (0.50) - Net interest income increased by 5 per cent to SEK 11 046m (10 536) - Profit before impairments and provisions excluding non-recurring items increased by 13 per cent to SEK 9 262m (8 217) - Net impairment losses on loans amounted to SEK 13 517m (711). Provisions for loan losses amounted to SEK 12 690m (515). Net write-offs amounted to SEK 827m (196) - 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