Swedbank A

Earnings Release • Jan 28, 2014

Year-end report 2013

Year-end report 2013

Fourth quarter 2013

Compared with third quarter 2013

· The result for the quarter for continuing operations amounted to SEK

3 660m (4 187)

· Earnings per share for continuing operations amounted to SEK 3.34

(3.82) before dilution and SEK 3.31 (3.79) after dilution

· The return on equity for continuing operations was 13.6 per cent

(16.2)

· The cost/income ratio was 0.46 (0.43)

· Net interest income amounted to SEK 5 626m (5 641)

· Profit before impairments decreased by 1 per cent to SEK 5 168m

(5 230)

· Swedbank reported net recoveries of SEK 32m (56)

· The Common Equity Tier 1 ratio was 18.7 per cent according to Basel

2 (16.7 per cent on 31 December 2012). The Common Equity Tier 1 ratio

according to Basel 3 was 18.3*** per cent (15.4 per cent on 31 December

2012)

Full-year 2013

Compared with full-year 2012

· The result for the period for continuing operations amounted to SEK

15 241m (15 298)

· Earnings per share for continuing operations amounted to SEK 13.89*

(13.94) before dilution and SEK 13.78* (13.88) after dilution

· The return on equity for continuing operations was 14.7 per cent

(15.6)

· The cost/income ratio was 0.45 (0.46)

· Net interest income increased by 8 per cent to SEK 22 029m (20 361)

· Profit before impairments increased by 3 per cent to SEK 20 290m (19

708)

· Swedbank reported net credit impairments of SEK 60m (net recoveries

of SEK 185m)

· The proposed dividend per share is SEK 10.10 (9.90)

* Without deducting the preference share dividend, earnings per share

for full-year 2013 were SEK 12.22 (12.97) for continuing operations

after dilution. The calculations are specified on page 50.

** Russia and Ukraine are reported as discontinued operations.

*** According to Swedbank's current calculation based on the new

regulations.