Year-end report 2013

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| Source: Swedbank AB
Fourth quarter 2013
Compared with third quarter 2013

  · The result for the quarter for continuing operations amounted to SEK 3 660m
(4 187)
  · Earnings per share for continuing operations amounted to SEK 3.34 (3.82)
before dilution and SEK 3.31 (3.79) after dilution
  · The return on equity for continuing operations was 13.6 per cent (16.2)
  · The cost/income ratio was 0.46 (0.43)
  · Net interest income amounted to SEK 5 626m (5 641)
  · Profit before impairments decreased by 1 per cent to SEK 5 168m (5 230)
  · Swedbank reported net recoveries of SEK 32m (56)
  · The Common Equity Tier 1 ratio was 18.7 per cent according to Basel 2 (16.7
per cent on 31 December 2012). The Common Equity Tier 1 ratio according to Basel
3 was 18.3*** per cent (15.4 per cent on 31 December 2012)

Full-year 2013
Compared with full-year 2012

  · The result for the period for continuing operations amounted to SEK 15 241m
(15 298)
  · Earnings per share for continuing operations amounted to SEK 13.89* (13.94)
before dilution and SEK 13.78* (13.88) after dilution
  · The return on equity for continuing operations was 14.7 per cent (15.6)
  · The cost/income ratio was 0.45 (0.46)
  · Net interest income increased by 8 per cent to SEK 22 029m (20 361)
  · Profit before impairments increased by 3 per cent to SEK 20 290m (19 708)
  · Swedbank reported net credit impairments of SEK 60m (net recoveries of SEK
185m)
  · The proposed dividend per share is SEK 10.10 (9.90)

* Without deducting the preference share dividend, earnings per share for full
-year 2013 were SEK 12.22 (12.97) for continuing operations after dilution. The
calculations are specified on page 50.
** Russia and Ukraine are reported as discontinued operations.
*** According to Swedbank’s current calculation based on the new regulations.