Swedbank receives approval to use advanced IRB approach

Swedbank has on June 13 received approval from Sweden’s financial services
authority, Finansinspektionen, to use the advanced internal ratings-based (A
-IRB) approach for its corporate exposures in Sweden and Norway. This will
reduce the bank’s risk exposure amount (REA) by nearly SEK 70bn, a bit more than
previously estimated. It will also strengthen the Common Equity Tier 1 capital
ratio by approximately 3.4 percentage points, calculated as of end-March 2014.

More detailed information about the effects will be published in the bank’s
interim report for the second quarter on Friday 18 July. In the interim report
Swedbank’s capital requirement for corporate exposures will be calculated
according to the A-IRB approach.
For further information, please contact:
Gregori Karamouzis, Head of Investor Relations, Swedbank tel. +46 727 40 63 38
or ir@swedbank.com
Claes Warrén, Press Relations, Swedbank, tel. +46 70-375 00 54
Swedbank promotes a sound and sustainable financial situation for the many
people, households and companies. Our vision is to contribute to development
“Beyond Financial Growth”. As a leading bank in the home markets of Sweden,
Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial
services and products. Swedbank has 8 million retail customers and around 556
000 corporate customers and organisations with 305 branches in Sweden and
approximately 180 branches in the Baltic countries. The group is also present in
other Nordic countries, the US and China. As of 31 December 2013 the group had
total assets of SEK 1 820 billion. Read more at www.swedbank.com