Interim Report January- March

First quarter 2013
Compared with the fourth quarter 2012

  · The result for the quarter amounted to SEK 3 525m (4 252)
  · Earnings per share for total operations amounted to SEK 3.21* (3.87) before
dilution and SEK 3.19* (3.86) after dilution
  · Earnings per share for continuing operations** after dilution amounted to
SEK 3.54* (4.01)
  · The return on equity was 13.8 per cent (16.9) and the return on equity for
continuing operations** was 15.3 per cent (17.5)
  · The cost/income ratio was 0.45 (0.44)
  · Net interest income amounted to SEK 5 353m (5 346)
  · Profit before impairments decreased by 5 per cent to SEK 5 039m (5 295)
  · Swedbank reported net credit impairments of SEK 60m (net recoveries of SEK
76m)
  · The Common Equity Tier 1 ratio was 17.3 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 16.4*** per cent (15.4 per cent on 31 December 2012).

First quarter 2013
Compared with the first quarter 2012

  · The result for the period amounted to SEK 3 525m (3 410)
  · Earnings per share for total operations amounted to SEK 3.21* (3.11) before
dilution and SEK 3.19* (3.10) after dilution
  · Earnings per share for continuing operations** after dilution amounted to
SEK 3.54* (3.35)
  · The return on equity was 13.8 per cent (14.1) and the return on equity for
continuing operations** was 15.3 per cent (15.3)
  · The cost/income ratio was 0.45 (0.48)
  · Net interest income increased by 9 per cent to SEK 5 353m (4 895)
  · Profit before impairments increased by 6 per cent to SEK 5 039m (4 745)
  · Swedbank reported net credit impairments of SEK 60m (net recoveries of SEK
96m)

* After deducting the preference share dividend, earnings per share for the
first quarter 2013 were SEK 1.63 for total operations. The calculations are
specified on page 49.
** Russia and Ukraine are reported as discontinued operations.
*** According to Swedbank’s interpretation of future regulations.

Read the full report on www.swedbank.com/ir or in the pdf document attached.