Swedbank A

Earnings Release • Feb 9, 2010

Swedbank Year-end Report 2009

Press Release February 9, 2010

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

Swedbank's vision is to be the leading financial institution in the

markets where we are present. Swedbank has 9.5 million retail customers

and 600,000 corporate customers with 389 branches in Sweden, 235

branches in the Baltic countries and another 218 branches in Ukraine.

The group is also present in Copenhagen, Helsinki, Kaliningrad,

Luxembourg, Moscow, New York, Oslo, Shanghai, S:t Petersburg and Tokyo.

As of September 30 2009 the group had total assets of SEK 1,815 billion

and approximately 20,000 employees. For more information about Swedbank,

please visit www.swedbank.com