Swedbank recruits senior restructuring expert to lead the Group's FR&R work

Press Release February 22, 2010

Swedbank recruits senior restructuring expert to lead the Group's FR&R work

In order to further strengthen Swedbank's Financial Restructuring & Recovery
work, Arne Berggren, with broad Swedish and international experience of
reconstruction of banks and problem loans, has been recruited. Arne Berggren
will be responsible for Swedbank's total FR&R-work.


Arne Berggren, whose title will be Global Head Financial Restructuring and
Recovery, has extensive experience from restructuring both in Sweden and
globally and has devoted much of his professional career to support financial
institutions and governments in financial crises.

Arne Berggren played a key role in Sweden during the financial crisis in the
90s, when he was active in the restructuring of Nordbanken, the founding of
Securum, and the government's negotiations with banks in need of government
support. He also has vast international experience, among others as senior
advisor to the IMF and the World Bank, and has in various capacities been active
in more than 15 countries in Latin America, Eastern Europe and Asia.

"Arne Berggren has a fantastic experience within the area of reconstruction and
will be of great value as we're taking the next step in our process to create
value from our FR&R work. It is hard to imagine a more suitable person than Arne
to lead the Groups FR&R-work and I am very pleased that he will join our team”,
says Göran Bronner, Chief Risk Officer at Swedbank.

"Swedbank is in an exciting change process and I am looking forward to be part
of this journey as one of the FR&R team. It will be a very exciting challenge to
get the opportunity to work long-term with these questions both inside and
outside Sweden for a bank that so many people have a relationship with,” says
Arne Berggren.

Arne also has experience of restructuring work outside the banking world. He was
responsible for the IPO of Telia at the Ministry of Enterprise 1999-2000, and
was during the restructuring of Swedish Rail SJ, CEO of SwedCarrier AB. 

Arne has been Ph.D -student in finance and economics at universities in Genève
and New York.

He will be responsible for Swedbank's total FR&R-work on all the Group's
markets, including the Baltic countries, Ukraine, Russia and Sweden. He will
report to Göran Bronner and will take up his position on March 15. 


Further information, please contact:
Göran Bronner, Chief Risk Officer, Swedbank, phone: +46 8 585 906 67
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95

Swedbank's vision is to be the leading financial institution in the markets
where we are present. Swedbank has 9.5 million retail customers and 550,000
corporate customers with 381 branches in Sweden, 226 branches in the Baltic
countries and another 156 branches in Ukraine. The group is also present in
Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai,
S:t Petersburg and Tokyo. As of December 31 2009 the group had total assets of
SEK 1,795 billion and approximately 19,000 employees. For more information about
Swedbank, please visit www.swedbank.com