Swedbank A

Report Publication Announcement • Apr 27, 2010

Interim report January - March 2010

First quarter 2010 compared with first quarter 2009

- The result for the period was SEK 536m (-3 358)

- Earnings per share were SEK 0.46 (-3.59)

- The return on equity was 2.4 per cent (-15.6)

- The cost/income ratio was 0.57 (0.49)

- Net interest income decreased by 31 per cent to SEK

4 023m (5 803)

- Profit before impairments excluding non-recurring

items decreased by 38 per cent to SEK 3 276m (5 285)

- Net credit impairments amounted to SEK 2 210m (6

845). Provisions for loan losses amounted to SEK 1

781m (6 552). Net write-offs amounted to SEK 429m

(293). The credit impairment ratio was 0.64 per cent

(1.93)

- The Tier 1 capital ratio according to Basel 2

remained unchanged and was 13.5 per cent (13.5 per

cent on 31 December 2009). According to transition

rules, it decreased to 10.3 per cent (10.4). The core

Tier 1 capital ratio was 12.3 per cent (12.0)

according to Basel 2 and 9.4 per cent (9.2) according

to transition rules.

Please read the full report in the pdf-document

attached or on www.swedbank.com/ir

Swedbank is the bank for the many people, households

and companies. As a leading bank in the home markets

Sweden, Estonia, Latvia and Lithuania, Swedbank

offers a wide range of financial services and

products. Swedbank has 9.5 million retail customers

and 550,000 corporate customers with 381 branches in

Sweden and 226 branches in the Baltic countries. The

group is also present in other Nordic countries, the

U.S., China, Japan, Russia and Ukraine. As of

December 31 2009 the group had total assets of SEK

1,795 billion.

Read more at www.swedbank.com