Swedbank introduces new business segment reporting

Swedbank introduces new business segment reporting as from Q3 2007. The change will better reflect the significance of Swedbank’s Eastern European operations following the acquisition of TAS-Kommerzbank in July 2007. TAS-Kommerzbank is consolidated as from 1 July 2007.

The principal change of the business segment reporting is the introduction of the new business area “International Banking”, which consists of:
- Ukrainian Banking Operations – TAS-Kommerzbank operational results
- Ukrainian Banking Investment – Group effects resulting from the acquisition of TAS-Kommerzbank including Group goodwill and amortization of identified surplus values
- Russian Banking – previously included in Baltic Banking
- Nordic Banking – Swedbank’s branches in Finland, Denmark and Norway, previously included in Shared Services and New Operations, and Swedbank Luxemburg, previously included in Swedish Banking

As from Q3 2007, the business segment “Shared Services and New Operations” will be renamed to “Shared Services and Group Staffs”.

The business segments Swedbank Markets and Asset Management and Insurance will not be affected by the new business segment reporting.

As from Q3 2007 Swedbank’s business segments are:
- Swedish Banking
- Baltic Banking
- International Banking
- Swedbank Markets
- Asset Management and Insurance
- Shared Services and Group Staffs

Re-calculated business segment results for Q3-2005 to Q2-2007 are available for download at www.swedbank.com/ir

Preliminary historic IFRS results for Ukrainian Banking Operations prepared according Swedbank’s segment reporting are also available for Q1-2006 to Q2 2007. Ukrainian Banking Operations is not included in the re-calculated business segments report, since TAS-Kommerzbank is consolidated as from 1 July 2007.

For further information:
Johannes Rudbeck, Head of Investor Relations, Swedbank, phone: +46 (0) 70 582 56 56
Jan-Gunnar Eurell, Head of Group Finance, Swedbank, phone: +46 (0) 70 589 12 09