Interim report January - March 2010

April 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