Swedbank A

Earnings Release • Feb 3, 2015

Year-end report 2014

Year-end report 2014

Fourth quarter 2014

Compared with third quarter 2014

· The result for continuing operations amounted to SEK 3 798m (4 562)

· Earnings per share for continuing operations were SEK 3.45 (4.14) before

dilution and SEK 3.42 (4.10) after dilution

· The return on equity for continuing operations was 13.3 per cent (16.6)

· The cost/income ratio was 0.46 (0.41)

· Net interest income amounted to SEK 5 809m (5 829)

· Profit before impairments was SEK 5 086m (5 986)

· Credit impairments were SEK 254m (235)

· The Common Equity Tier 1 capital ratio was 21.2 per cent (20.7)

Full-year 2014

Compared with full-year 2013

· The result for the period for continuing operations was SEK 16 709m (15 241)

· Earnings per share for continuing operations were SEK 15.17 (13.89) before

dilution and SEK 15.05 (13.79) after dilution1)

· The return on equity for continuing operations was 15.2 per cent (14.7)

· The cost/income ratio was 0.45 (0.45)

· Net interest income amounted to SEK 22 642m (22 029)

· Profit before impairments amounted to SEK 21 702m (20 290)

· Credit impairments were SEK 419m (60)

· The Common Equity Tier 1 capital ratio was 21.2 per cent (18.3)

· The proposed dividend is SEK 11.35 per share (10.10)

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

-year 2013 were SEK 10.11 for total operations after dilution. The calculations

are specified on page 54.

Read the full report in the pdf document attached or at www.swedbank.com/ir