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Swedbank A

Earnings Release Oct 8, 2010

2978_rns_2010-10-08_32812fe0-0fd0-435b-9b42-f69120b7e15a.html

Earnings Release

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Correction

Correction

As per yesterday Swedbank Hypotek published the interim report for

Swedbank AB concerning the period January to June 2010. The Interim

report should have been published by Swedbank AB. Please disregard the

previous pressrelease.

Interim Report January-June 2010

compared with January-June 2009

· The result for the period was SEK 2 103m (-5 370)

· Earnings per share were SEK 1.82 (-5.75)

· The return on equity was 4.7 per cent (-12.8)

· The cost/income ratio was 0.57 (0.48)

· Net interest income decreased by 29 per cent to SEK 7 822m (11 046)

· Profit before impairments excluding non-recurring items decreased by

29 per cent to SEK 6 609m (9 282)

· Credit impairments amounted to SEK 3 173m (13 517). Provisions for

loan losses amounted to SEK 2 627m (12 690). Net write-offs amounted to

SEK 546m (827). The credit impairment ratio was 0.46 per cent (1.91)

Thomas Backteman

Head of Corporate Affairs

Telephone, 46 8 585 933 66, 46 70 831 11 66

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