Swedbank introduces a new financial target during its capital markets day

Press Release 23 February, 2011


Swedbank introduces a new financial target during its capital markets day

In conjunction with today's capital markets day, Swedbank is introducing a new
financial target regarding the bank's return. The return on equity shall amount
to 15 per cent.


The bank's other financial targets, set by the Board in early February 2011,
refer to capitalisation and dividend. Long-term, the core Tier 1 capital ratio
will not be below 10 per cent. Due to current uncertainties in the economic and
regulatory environment, the bank will maintain a core Tier 1 capital ratio above
13 per cent until 2013. The dividend will correspond to 50 per cent of after-tax
profit, provided that the bank meets its capitalisation targets. The new
dividend policy takes effect in the financial year 2011.

During the day, Swedbank will present its strategy, how the bank is governed and
its commercial business areas.

The capital markets day will be webcast live at www.swedbank.se/ir, where a
recording of the presentations, including PDF, will also be available.   


 

Further information, please contact:
Johannes Rudbeck, Head of Investor Relations, Swedbank, phone +46 8 58 59 33 22 

Thomas Backteman, Head of Corporate Affairs, Swedbank, phone +46 708 311 166

Swedbank promotes a sound and sustainable financial situation for the many
people, households and companies. Our vision is to contribute to a development
“Beyond Financial Growth”. 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 around
680,000 corporate customers with 340 branches in Sweden and over 200 branches in
the Baltic countries. The group is also present in other Nordic countries, the
U.S., China, Russia and Ukraine. As of December 31 2010 the group had total
assets of SEK 1,716 billion. Read more at www.swedbank.com