Swedbank A

Earnings Release • Oct 21, 2014

Interim Report January- September 2014

Interim Report January- September 2014

Third quarter 2014

Compared with second quarter 2014

· Ÿ  The result for continuing operations amounted to SEK 4 562m (4

369)

· Ÿ  Earnings per share for continuing operations amounted to SEK 4.14

(3.96) before dilution and SEK 4.10 (3.94) after dilution

· Ÿ  The return on equity for continuing operations was 16.6 per cent

(16.6)

· Ÿ  The cost/income ratio was 0.41 (0.47)

· Ÿ  Net interest income amounted to SEK 5 829m (5 521)

· Ÿ  Profit before impairments increased by 8 per cent to SEK 5 986m

(5 536)

· Ÿ  Swedbank reported credit impairments of SEK 235m (30)

· Ÿ  The Common Equity Tier 1 ratio was 20.7 per cent (20.9 and 18.3

as of 31 December 2013)

January-September 2014

Compared with January-September 2013

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

SEK 12 911m (11 581)

· Ÿ  Earnings per share for continuing operations amounted to SEK

11.72 (10.55) before dilution and SEK 11.63 (10.48) after dilution 1)

· Ÿ  The return on equity for continuing operations was 15.9 per cent

(15.2)

· Ÿ  The cost/income ratio was 0.44 (0.45)

· Ÿ  Net interest income amounted to SEK 16 833m (16 403)

· Ÿ  Profit before impairments increased by 10 per cent to SEK 16 616m

(15 122)

· Ÿ  Swedbank's credit impairments amounted to SEK 165m (92)

1) Including deduction of preference share dividend, earnings per share

for Jan-Sep 2013 were SEK 6.84 for total operations after dilution. The

calculations are specified on page 53.

For further information, please contact:

Gregori Karamouzis, Head of Investor Relations, phone: +46 72 740 63 38

or ir@swedbank.com