Interim Report January - June 2012


Second quarter 2012
Compared with first quarter 2012

  · The result for the quarter amounted to SEK 3 162m (3 425)
  · Earnings per share before dilution amounted to SEK 2.88* (2.21) and earnings
per share after dilution amounted to SEK 2.87* (2.20)
  · The return on equity was 13.0 per cent (14.0)
  · The cost/income ratio was 0.48 (0.48)
  · Net interest income increased by 1 per cent to SEK 5 252m (5 208)
  · Profit before impairments decreased by 3 per cent to SEK 4 646 (4 768)
  · Swedbank reported net credit impairments of SEK 300m (172)
  · The core Tier 1 capital ratio was 16.6 per cent according to Basel 2 (15.7
per cent on 31 December 2011). The core Tier 1 capital ratio according to Basel
3 was 15.5** per cent (14.7 per cent on 31 December 2011).

January - June 2012
Compared with January - June 2011

  · The result for the period amounted to SEK 6 587m (7 304)
  · Earnings per share before dilution amounted to SEK 5.09* (5.48) and earnings
per share after dilution amounted to SEK 5.07* (5.48)
  · The return on equity was 13.5 per cent (15.3)
  · The cost/income ratio was 0.48 (0.53)
  · Net interest income increased by 14 per cent to SEK 10 460m (9 215)
  · Profit before impairments increased by 17 per cent to SEK 9 414m (8 078)
  · Swedbank reported net credit impairments of SEK 472m (net recoveries of 1
296)

* When calculating earnings per share, the preference share dividend is deducted
from profit in the period the dividend is declared. The calculation of earnings
per share is specified on page 41.
** Swedbank’s estimate based on current knowledge of future regulationead the
full report on www.swedbank.com/ir or in the pdf document attached.

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

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