Swedbank relocates to new head quarters in Sundbyberg

Press Release 16 February, 2011

Swedbank relocates to new head quarters in Sundbyberg

Swedbank's managment has decided to relocate all the bank's operations at
Swedbank's head quarters, presently located in Gallerian in Stockholm city, to
new premises in Sundbyberg, just outside of Stockholm city. The relocation will
take place at year-end 2013-2014, but the planning process to establish the
office building and the premises starts immediately.



Efforts to find new office space for Swedbank's head quarters were initiated
already during spring 2009, when Swedbank's management decided to investigate
the possibilities for a new head quarters. After a thorough analysis and
assessment of several projects, both in the city centre of Stockholm and
outside, the choice fell upon Sundbyberg. 

“It is important for us at Swedbank to go our own way. We lead the way for new
development rather than follow it. With a modern head quarters - established and
tailored after our values “open, simple and caring” - both our co-workers and
our operations will grow and develop positively. We want to create one of
Sweden's best work places, which naturally will benefit our customers as well,
commented Swedbank's CEO Michael Wolf.

Michael Wolf continued:

“A head quarters is not just a work place, but also a symbol for the company and
what it stands for. We want to show our customers in a clear way that we are a
modern bank, characterized by courage, innovation and cost-awareness."

The new head quarters will be one of Sweden's most modern work places. The
building that is crafted with the latest technology in terms of environmental
impact will be environmentally certified and completely tailored after the
bank's needs.

“I am glad that we have found such a good solution for our new head quarters,
where all our operations can develop in the same building. Moreover, the new
office space implies a significant cost reduction compared to the current
solution in the city centre,” said Michael Wolf.


Further information, please contact:
Thomas Backteman, Head of Corporate Affairs, Swedbank, phone: +46 708 311 166
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95

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