Interim Report January - March

First quarter 2011(compared with the fourth quarter 2010) - The quarterly result amounted to SEK 3 852m (2 750) - Earnings per share amounted to SEK 2.47* (2.37) - The return on equity was 16.1 per cent (11.7) - The cost/income ratio was 0.52 (0.58) - Net interest income was unchanged at SEK 4 527m (4 527) - Profit before impairments increased by 21 per cent to SEK 4 068m (3 368) - Swedbank reported net recoveries of SEK 972m (483) -The core Tier 1 capital ratio was 14.9 per cent (13.9 per cent on 31 December 2010) according to Basel 2 and 10.4 per cent (10.1) according to transition rules. The Tier 1 capital ratio according to Basel 2 increased to 16.2 per cent (15.2). According to transition rules, the Tier 1 capital ratio increased to 11.2 per cent (11.0). First quarter 2011(compared with the first quarter 2010) - The quarterly result amounted to SEK 3 852m (536) - Earnings per share amounted to SEK 2.47* (0.46) - The return on equity was 16.1 per cent (2.4) - The cost/income ratio was 0.52 (0.57) - Net interest income increased by 13 per cent till 4 527m (4 023) - Profit before impairments increased by 24 per cent to SEK 4 068m (3 276) - Swedbank reported net recoveries of SEK 972m (credit impairments of 2 210). Read the full report at www.swedbank.com/ir *) Earnings for the purpose of calculating earnings per share is specified on page 41