Interim Report January - June

Second quarter 2010, compared with the first quarter 2010 - The result for the period was SEK 1 567m (536) - Earnings per share were SEK 1.36 (0.46) - The return on equity was 7.0 per cent (2.4) - The cost/income ratio was 0.57 (0.57) - Net interest income decreased by 6 per cent to SEK 3 799m (4 023) - Profit before impairments excluding non-recurring items increased by 2 per cent to SEK 3 333m (3 276) - Credit impairments amounted to SEK 963m (2 210). Provisions for loan losses amounted to SEK 846m (1 781). Net write-offs amounted to SEK 117m (429). The credit impairment ratio was 0.28 per cent (0.64) - The Tier 1 capital ratio according to Basel 2 increased to 14.0 per cent (13.5 per cent on 31 December 2009). According to transition rules, the Tier 1 ratio increased to 10.5 per cent (10.4). The core Tier 1 capital ratio was 12.7 per cent (12.0) according to Basel 2 and 9.5 per cent (9.2) according to the transition rules. January-June 2010, compared with January-June 2009 - The result for the period was SEK 2 103m (-5 370) - Earnings per share were SEK 1.82 (-5.75) - The return on equity was 4.7 per cent (-12.8) - The cost/income ratio was 0.57 (0.48) - Net interest income decreased by 29 per cent to SEK 7 822m (11 046) - Profit before impairments excluding non-recurring items decreased by 29 per cent to SEK 6 609m (9 282) - Credit impairments amounted to SEK 3 173m (13 517). Provisions for loan losses amounted to SEK 2 627m (12 690). Net write-offs amounted to SEK 546m (827). The credit impairment ratio was 0.46 per cent (1.91) Please read the full report in the pdf-document attached or on www.swedbank.com/ir