Interim report January - September 2009


Press Release October 20, 2009

Interim report January - September 2009

Third quarter 2009: compared with second quarter 2009

- The result for the period was SEK -3 337m (-2 012) 
- Earnings per share were SEK -3.57 (-2.16)
- The return on equity was negative (negative)
- The cost/income ratio was 0.56 (0.48) 
- Net interest income decreased by 4 per cent to SEK 5 017m (5 243)
- Profit before impairments and provisions excluding non-recurring items
decreased by 10 per cent to SEK 3 593m (3 997) 
- Net impairment losses on loans amounted to SEK 6 121m (6 672). Provisions for
loan losses amounted to SEK 5 338m (6 138). Net write-offs amounted to SEK 783 m
(534). The loan loss ratio was 1.95 per cent (2.10)
- The Tier 1 capital ratio increased to 11.4 per cent according to the new rules
(11.1 per cent on 31 December 2008) and 8.8 per cent (8.4) according to
transition rules. The core Tier 1 capital ratio was 9.9 per cent (9.7) according
to the new rules and 7.7 per cent (7.4) according to the transition rules. On a
pro forma basis including the rights issue, the core Tier 1 capital ratio was
12.3 per cent according to the new rules and 9.5 per cent with the transition
rules.

January-September 2009: compared with January - September 2008

- The result for the period was SEK -8 707m (8 972)
- Earnings per share were SEK -9.32 (13.85)
- The return on equity was negative (17.0 per cent)
- The cost/income ratio was 0.51 (0.50) 
- Net interest income increased by 1 per cent to SEK 16 063m (15 960)
- Profit before impairments and provisions excluding non-recurring items
increased by 7 per cent to SEK 12 875m (12 027) 
- Net impairment losses on loans amounted to SEK 19 638m (1 523). Provisions for
loan losses amounted to SEK 18 028m (1 230). Net write-offs amounted to SEK 1
610m (293)
- Impairment of intangible assets affected profit by SEK 1 305m (0)

Please read the full report in the pdf-document attached or on
www.swedbank.com/ir

Swedbank's vision is to be the leading financial institution in the markets
where we are present. Swedbank has 9.4 million retail customers and 600,000
corporate customers with 419 branches in Sweden, 278 branches in the Baltic
countries and another 215 branches in Ukraine. The group is also present in
Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai,
St. Petersburg and Tokyo. As of December 2008 the group had total assets of SEK
1,812 billion and approximately 21,000 employees. For more information about
Swedbank, please visit www.swedbank.com.

Attachments

10202010.pdf