Swedbank: Year-End Report 2014

Fourth quarter 2014

Compared with third quarter 2014

• The result for continuing operations amounted to SEK 3 798m (4 562)
• Earnings per share for continuing operations were SEK 3.45 (4.14) before dilution and SEK 3.42 (4.10) after dilution
• The return on equity for continuing operations was 13.3 per cent (16.6)
• The cost/income ratio was 0.46 (0.41)
• Net interest income amounted to SEK 5 809m (5 829)
• Profit before impairments was SEK 5 086m (5 986)
• Credit impairments were SEK 254m (235)
• The Common Equity Tier 1 capital ratio was 21.2 per cent (20.7)

Full-year 2014

Compared with full-year 2013

• The result for the period for continuing operations was SEK 16 709m (15 241)
• Earnings per share for continuing operations were SEK 15.17 (13.89) before dilution and SEK 15.05 (13.79) after dilution1)
• The return on equity for continuing operations was 15.2 per cent (14.7)
• The cost/income ratio was 0.45 (0.45)
• Net interest income amounted to SEK 22 642m (22 029)
• Profit before impairments amounted to SEK 21 702m (20 290)
• Credit impairments were SEK 419m (60)
• The Common Equity Tier 1 capital ratio was 21.2 per cent (18.3)
• The proposed dividend is SEK 11.35 per share (10.10)

1) Including deduction of preference share dividend, earnings per share for full-year 2013 were SEK 10.11 for total operations after dilution. The calculations are specified on page 54.

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

About Us

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development "Beyond Financial Growth”. As a leading bank in the home markets Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 7.9 million retail customers and around 600,000 corporate customers and organizations with 308 branches in Sweden and approximately 190 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S. and China.As of 31 March, 2013 the group had total assets of SEK 1,917 billion.

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