Swedbank Year-end Report 2009

Fourth quarter 2009 compared with third quarter 2009 - The result for the period was SEK -1 804m (-3 337) - Earnings per share were SEK -1.83 (-3.57) - The return on equity was -8.3 per cent (-16.9) - The cost/income ratio was 0.54 (0.56) - Net interest income decreased by 6 per cent to SEK 4 702m (5 017) - Profit before impairments excluding non-recurring items increased by 4 per cent to SEK 3 737m (3 593) - Credit impairments amounted to SEK 5 003m (6 121). Provisions for loan losses amounted to SEK 3 766m (5 338). Net write-offs amounted to SEK 1 237m (783). The credit impairment ratio was 1.44 per cent (1.75) Full-year 2009 compared with full-year 2008 - The result for the period was SEK -10 511m (10 887) - Earnings per share were SEK -10.66 (16.51) - The return on equity was -12.5 per cent (15.2 per cent) - The cost/income ratio was 0.51 (0.50) - Net interest income decreased by 4 per cent to SEK 20 765m (21 702) - Profit before impairments excluding non-recurring items decreased by 1 per cent to SEK 16 612m (16 856) - Credit impairments amounted to SEK 24 641m (3 156). Provisions for loan losses amounted to SEK 21 794m (2 638). Net write-offs amounted to SEK 2 847m (518) - Impairment of intangible assets affected profit by SEK 1 305m (1 403) - The Tier 1 capital ratio increased to 13.5 per cent according to Basel 2 (11.1 per cent on 31 December 2008) and 10.4 per cent (8.4) according to transitional rules. The core Tier 1 capital ratio was 12.0 per cent (9.7) according to Basel 2 and 9.2 per cent (7.4) according to transitional rules). Please read the full report in the pdf-document attached or visit www.swedbank.com/ir