Swedbank Year end report 2008

Strong profit in 2008 despite a turbulent market
- Profit for the period amounted to SEK 10 887m (11 996), excluding goodwill write-offs the profit was SEK 12 290m
- Earnings per share amounted to SEK 19.44 (21.78)
- The proposed dividend is SEK 4.50 (9.00) per ordinary share and SEK 2.40 per preference share
- The return on equity was 15.2 percent (18.9), excluding goodwill write-offs the return on equity was 17.1 percent
- The cost/income ratio was 0.50 (0.51)
- Net interest income increased by 13 percent to SEK 21 702m (19 157)
- Provisions for loan losses amounted to SEK 3 156m (619), corresponding to a loan loss ratio of 0.28 percent (0.07)
- The tier 1 capital ratio including total subscribed capital was 10.7 percent according to the new rules (8.5 percent on 31 December 2007) and 8.1 percent (6.2) according to transition rules
- Goodwill related to Ukrainian Banking has been written off by SEK 1 403m to SEK 1 150m. The write-off did not affect the cash flow or the capital adequacy.

Cost/income ratio 0.47 in the fourth quarter
- Profit for the period amounted to SEK 1 915m (2 468), excluding goodwill write-offs the profit was SEK 3 318m
- Earnings per share amounted to SEK 3.26 (4.48)
- The return on equity amounted to 10.1 percent (13.8), excluding goodwill write-offs the return on equity was 17.4 percent
- The cost/income ratio was 0.47 (0.52)
- Net interest income increased by 6 percent to SEK 5 742m (5 424)
- Provisions for loan losses amounted to SEK 1 633m (812), corresponding to a loan loss ratio of 0.53 percent (0.27)
- Goodwill related to Ukrainian Banking has been written off by SEK 1 403m to SEK 1 150m. The write-off did not affect the cash flow or the capital adequacy.