Hansabank in Russia renamed to Swedbank

Press Release May 15, 2007

Hansabank in Russia renamed to Swedbank

The rebranding process of Hansabank (OAO) in Russia has been completed and as of
May 15th, the bank is renamed to OAO Swedbank. 

 “The decision to change the name and brand in Russia from Hansabank to Swedbank
was made internally in spring last year. Now we have finished all the necessary
legal processes and I am happy to announce that the rebranding has taken place,”
says Jan Lidén, CEO and President of Swedbank. The expansion plans in Russia
will continue as previous stated, Jan Lidén adds. 

Hansabank/Swedbank has been operating in the Russian market since 2005. Starting
from the current year the bank has expanded its operations from corporate
banking and leasing also to retail banking. Swedbank aims to open several new
branches in Moscow, St Petersburg and Kaliningrad by the end of 2008.


For furhter information: 
Jan Lidén, CEO and President, Swedbank, phone: +46 8 585 922 27
Anna Sundblad, Acting Press Manager, Swedbank, +46 70 321 39 95




Swedbank's vision is to be the leading financial institution in the markets
where we are present. Swedbank has 8.9 million retail customers and 459,000
corporate customers in Sweden, Estonia, Lithuania and Latvia. In Sweden the
group has more than 470 branches, with another 290 branches in the Baltic
countries. The group is also present in Copenhagen, Helsinki, Kaliningrad, Kiev,
Luxembourg, Marbella, Moscow, New York, Oslo, Shanghai, St. Petersburg and
Tokyo. As of December 2006 the group had total assets of SEK 1,400 billion and
approximately 17,000 employees. For more information about Swedbank, please
visit www.swedbank.com.