Interim Report January - September

Third quarter 2010 (compared with the second quarter 2010) The Q3 result was SEK 2 591m (1 567) - Earnings per share were SEK 2.23 (1.36) - The return on equity was 11.3 per cent (7.0) - The cost/income ratio was 0.55 (0.57) - Net interest income increased by 5 per cent to SEK 3 980m (3 799) - Profit before impairments excluding non-recurring items increased by 2 per cent to SEK 3 409m (3 333) - Net credit impairments decreased by 88 per cent to SEK 120m (963). Provisions for loan losses amounted to SEK -84m (846). Net write-offs amounted to SEK 204m (117). The credit impairment ratio was 0.03 per cent (0.28) - The Tier 1 capital ratio according to Basel 2 increased to 14.7 per cent (13.5 per cent on 31 December 2009). According to transition rules, the Tier 1 capital ratio increased to 10.8 per cent (10.4). The core Tier 1 capital ratio was 13.4 per cent (12.0) according to Basel 2 and 9.8 per cent (9.2) according to transition rules. January-September 2010 (compared with January-September 2009) - The result for the period was SEK 4 694m (-8 707) - Earnings per share were SEK 4.05 (-9.32) - The return on equity was 6.9 per cent (-14.1) - The cost/income ratio was 0.57 (0.51) - Net interest income decreased by 27 per cent to SEK 11 802m (16 063) - Profit before impairments excluding non-recurring items decreased by 22 per cent to SEK 10 018m (12 875) - Net credit impairments amounted to SEK 3 293m (19 638). Provisions for loan losses amounted to SEK 2 543m (18 028). Net write-offs amounted to SEK 750m (1 610). The credit impairment ratio was 0.32 per cent (1.85). Read the full report at www.swedbank.com/ir