New Head of Region Stockholm appointed

Press Release February 16, 2010

New Head of Region Stockholm appointed 

Björn Elfstrand has been appointed the new Head of Region Stockholm at Swedbank.
 Björn Elfstrand currently serves as CFO and Head of Staffs within Swedish
Banking at Swedbank and has a long experience in the Swedish banking market.
Over the past years, Björn Elfstrand has held a number of top positions at
Swedbank, including Head of Private Market and Head of Product Area Payments.

- Björn Elfstrand has a thorough knowledge of the banking market in Sweden in
general and Swedbank´s retail market in particular.  I am confident that he will
make use of his broad knowledge and experience from his previous positions, says
Kjell Hedman, Head of Swedish Banking, Swedbank.

Björn Elfstrand will take up his position by April 1. He succeeds Magnus
Gagner-Geeber, who has been appointed the Head of Large Corporates within the
new business area Large Corporates & Institutions.   


Further information, please contact:
Kjell Hedman, Head of Swedish Banking, Swedbank, phone: +46 8 585 912 21
Peter Borsos, Head of Communications, Swedish Banking, phone: +46 703 17 68 00

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