Swedbank: Interim Report January- March

Regulatory News:

First quarter 2012

Compared with the fourth quarter 2011

· The result for the quarter amounted to SEK 3 425m (965)

· Earnings per share before dilution amounted to SEK 2.21* (0.88) and earnings per share after dilution amounted to SEK 2.20* (0.88)

· The return on equity was 14.0 per cent (3.9) · The cost/income ratio was 0.48 (0.57)

· Net interest income increased by 5 per cent to SEK 5 208m (4 967)

· Profit before impairments increased by 29 per cent to SEK 4 768m (3 709)

· Swedbank reported net credit impairments of SEK 172m (net recoveries of 174)

· The core Tier 1 capital ratio was 15.9 per cent according to Basel 2 (15.7 per cent on 31 December 2011). The core Tier 1 capital ratio according to Basel 3 was 14.9** per cent (14.7 per cent on 31 December 2011).

First quarter 2012

Compared with the first quarter 2011

· The result for the period amounted to SEK 3 425m (3 852)

· Earnings per share before dilution amounted to SEK 2.21* (2.47) and earnings per share after dilution amounted to SEK 2.20* (2.47)

· The return on equity was 14.0 per cent (16.1) · The cost/income ratio was 0.48 (0.53)

· Net interest income increased by 16 per cent to SEK 5 208m (4 501)

· Profit before impairments increased by 17 per cent to SEK 4 768m (4 068) · Swedbank reported net credit impairments of SEK 172m (net recoveries of 972)

* The calculation of earnings per share is specified on page 40.

** Swedbank’s estimate based on current knowledge of future regulation.

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

This information was brought to you by Cision http://www.cisionwire.com