Swedbank appoints Maris Mancinskis as new CEO for Latvia

Press Release February 2, 2009

Maris Mancinskis will become the new Head of Swedbank in Latvia from February
12, 2009. He succeeds Maris Avotins who resigns from his post and will continue
his work for Swedbank Group.

Maris Mancinskis has over more than 14 years of experience from the financial
sector both in Latvia and abroad. He has held several top management positions
in the Baltic arm of Swedbank Group. He joined Hansabanka in 1999 to the area of
financial markets. For a number of years he led the corporate banking division
and was a member of Hansabanka´s management board. Mancinskis served as Head of
Swedbank in Russia the past two years. He stepped down in 2008."We are very pleased to welcome Maris Mancinskis back to our Baltic team. His
experience, knowledge and personal strengths are needed to carefully navigate us
and our clients through the emerging business challenges. Taking the lead in the
Latvian operations he is re-entering the organization and already has a good
relationship with our clients", says Erkki Raasuke, Head of Baltic Banking at
Swedbank."I am glad to return to Swedbank's Latvia organization. I believe that we are
well positioned and have the internal strengths to successfully manage the bank
through difficult next few years and to become stronger and more efficient
organization in this process", says Maris Mancinskis.

Maris Mancinskis will also become a member of the Management Board of Swedbank's
Baltic banking division .
For futher information, please contact:
Erkki Raasuke, Head of Baltic Banking, Swedbank, phone: +372 888 14 72
Kristi Künnapas, Press Representative Baltic Banking, Swedbank, phone: + 372 562
15 672
Anna Sundblad, Press Manager, Swedbank, phone, +46 70 321 39 95

Swedbank's vision is to be the leading financial institution in the markets
where we are present. Swedbank has 9 million retail customers and 600,000
corporate customers with more than 459 branches in Sweden, 300 branches in the
Baltic countries and another 190 branches in Ukraine. The group is also present
in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Marbella, Moscow, New York,
Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2007 the group had
total assets of SEK 1,600 billion and approximately 22,000 employees. For more
information about Swedbank, please visit www.swedbank.com.

Swedbank appoints Maris Mancinskis as new CEO for Latvia

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