00B 0B, 5-year summary Financial information, Group, Group FY FY FY FY FY SEKm 2012 2) 2011 2010 1) 2009 2008 Net interest income 1) 20 361 19 014 16 228 20 765 21 702 Net commission income 1) 9 614 9 597 10 116 7 825 8 830 Net gains and losses on financial items, fair value 3 073 1 584 2 400 2 770 2 351 Net insurance 595 506 612 647 452 Share of the profit or loss of associates 798 767 624 866 512 Other income 1 827 2 577 1 554 1 909 2 616 Total income 36 268 34 045 31 534 34 782 36 463 Staff costs 8 500 9 522 9 052 9 184 9 142 Variable staff costs 738 395 340 17 950 Other expenses 1) 6 470 7 471 7 790 7 758 6 994 Depreciation/amortisation 852 1 011 950 889 972 Total expenses 16 560 18 399 18 132 17 848 18 058 Profit before impairments 19 708 15 646 13 402 16 934 18 405 Impairment of intangible assets 20 1 960 37 1 305 1 403 Impairment on tangible assets 407 174 600 449 27 Credit Non-recurring impairments items -185-1 911 2 810 24 641 3 156 Operating profit 19 466 15 423 9 955-9 461 13 819 Tax expense 4 157 3 669 2 472 981 2 880 Profit for the period from continuing operations 15 309 11 754 7 483-10 442 10 939 Profit for the period from discontinued operations, after tax -997 4 Profit for the period including non-controlling interest 14 312 11 758 7 483-10 442 10 939 Shareholders of Swedbank AB 14 304 11 744 7 444-10 511 10 887 Non-controlling interests 8 14 39 69 52 Statement of Comprehensive Income FY FY FY FY FY SEKm 2012 2011 2010 2009 2008 Profit for the period reported via 14 312 11 758 7 483-10 442 10 939 Items that will not be reclassified to the income statement Remeasurements of defined benefit pension plans -1 653 Share related to associates -43 Income tax 374 Total -1 322 Exchange differences on translating foreign operations: Gains/losses arising during the period -1 480-284 -4 218-1 852 3 468 Reclassification adjustments to, Net gains and losses on financial items, fair value Hedging of net investments in foreign operations: Gains/losses arising during the period 1 050 379 2 420 1 312-3 419 Cash flow hedges: Gains/losses arising during the period -614 78 149-574 -1 423 Reclassification adjustments to, Net interest income 193 345 806 817 198 Net gains and losses on financial items, fair value 37 Share of other comprehensive income of associates 21-2 -30 42-45 Income tax relating to components of other comprehensive income -74-210 -890-397 1 211 Other comprehensive income for the period, net of tax -2 226 306-1 763-615 -10 Total comprehensive income for the period 12 086 12 064 5 720-11 057 10 929 Total comprehensive income attributable to: Shareholders of Swedbank AB 12 078 12 049 5 693-11 138 10 885 Non-controlling interests 8 15 27 81 44 1) As from 2010, compensation to Savings Banks is reported as interest expense (the part for handling a new mortgage loan) and as other expenses. For 2010 SEK 101m is reported as interest expense and SEK 490m as other expenses, and for 2011 SEK 104m is reported as interest expense and SEK 530m as other expenses. For the period 2008-2009, all compensation is reported as commission expense. 2) From 2012, trading related net interest income is reported as net gains and losses on financial items at fair value. For 2012, SEK 523m has been moved from net interest income to net gains and losses on financial items at fair value. As of 2012, the changes in reporting of benefit pension plans according according to IAS 19 have affected staff costs. For 2012, staff costs have increased by SEK 51m and tax expense by SEK 83m. Also from 2012, the Russian and Ukrainian operations are reported as discontinued operations. No restatements for above have been done for the years 2008-2011. 6
22B 2B, 9-quarter summary Financial information, Group, Group Net interest income 5 346 5 085 5 035 4 895 4 967 4 832 4 714 4 501 Net commission income 2 502 2 375 2 339 2 398 2 291 2 438 2 412 2 456 Net gains/losses on financial items, fair value 830 687 577 979 559 259 511 255 Net insurance 127 147 163 158 134 97 161 114 Share of profit or loss of associates 154 225 210 209 155 217 224 171 Other income 478 452 464 433 550 468 475 1 084 Total income 9 437 8 971 8 788 9 072 8 656 8 311 8 497 8 581 Staff costs 2 107 2 045 2 147 2 201 2 604 2 336 2 261 2 321 Variable staff costs 157 184 189 208 47 73 129 146 Other expenses 1 669 1 490 1 616 1 695 2 019 1 755 1 875 1 822 Depreciation/amortisation 209 201 219 223 277 288 222 224 Total expenses 4 142 3 920 4 171 4 327 4 947 4 452 4 487 4 513 Profit before impairments 5 295 5 051 4 617 4 745 3 709 3 859 4 010 4 068 Impairment of intangible assets 17-1 4 1 960 Impairment of tangible assets 141 102 124 40 170-13 15 2 Credit Impairments -76 36-49 -96-174 -441-324 -972 Operating profit 5 213 4 914 4 538 4 801 1 753 4 313 4 319 5 038 Tax expense 786 1 216 1 047 1 108 790 834 863 1 182 Profit for the period from continuing operations 4 427 3 698 3 491 3 693 963 3 479 3 456 3 856 Profit for the period from discontinued operations, after tax -174-203 -341-279 4 Profit for the period including non-controlling interest 4 253 3 495 3 150 3 414 967 3 479 3 456 3 856 Shareholders of Swedbank AB 4 252 3 495 3 147 3 410 965 3 475 3 452 3 852 Non-controlling interests 1 3 4 2 4 4 4 Statement of comprehensive income Profit for the period reported via 4 253 3 495 3 150 3 414 967 3 479 3 456 3 856 Items that will not be reclassified to the income statement Remeasurements of defined benefit pension plans -209-984 -831 371 Share related to associates -9-21 -21 8 Income tax -15 265 224-100 Total -233-740 -628 279 Exchange differences on translating foreign operations: Gains/losses arising during the period 837-1 700-344 -273-1 310 528 692-194 Reclassification adjustments to income statement, Net gains/losses on financial items at fair value 1-1 Hedging of net investments in foreign operations: Gains/losses arising during the period Cash flow hedges: -668 1 265 313 140 1 138-351 -479 71 Gains/losses arising during the period Reclassification adjustments to, -116-37 -32-429 304 64-26 -264 Net interest income 29 43 48 73 77 79 88 101 Share of other comprehensive income of associates 22-18 -1 18-18 -6 25-3 Income tax relating to components of other comprehensive income 296-339 -88 57-396 54 108 24 Other comprehensive income for the period, net of tax 168-1 526-732 -136-205 368 408-265 Total comprehensive income for the period 4 421 1 969 2 418 3 278 762 3 847 3 864 3 591 Total comprehensive income attributable to: Shareholders of Swedbank AB 4 420 1 969 2 415 3 274 759 3 844 3 859 3 587 Non-controlling interests 1 3 4 3 3 5 4 7
44B 4B Income analysis Financial information, Group Income analysis, Group Net interest income 1) 5 346 5 085 5 035 4 895 4 967 4 832 4 714 4 501 Payment processing 782 825 770 725 799 877 825 725 Service concepts 86 85 77 73 55 50 43 38 Asset management 968 913 909 925 899 916 988 1 005 Life insurance 72 80 79 84 87 73 78 75 Brokerage & other securities 63 55 25 96 48 88 89 140 Corporate Finance 124 26 78 111-14 42 77 49 Lending and Guarantees 212 201 212 205 217 198 136 252 Deposits 5 19 18 19 6 25 16 20 Real estate brokerage 44 38 43 33 35 42 48 35 Non-Life insurance 15 15 15 17 25 21 6 7 Other commission income 131 118 113 110 134 106 106 110 Net commission income 2 502 2 375 2 339 2 398 2 291 2 438 2 412 2 456 Financial instruments held for trading 605 383 668 724 235 255 247 495 Financial instruments intended to hold until maturity 225 304-91 255 324 4 264-240 Net gains and losses on financial items at fair value 830 687 577 979 559 259 511 255 Net insurance 127 147 163 158 134 97 161 114 Färs & Frosta Sparbank 19 23 21 18 20 20 18 14 Swedbank Sjuhärad 29 36 30 31 26 31 35 29 Other jointly owned banks in Sweden 15 11 10 15 12 13 13 11 BGC-Holding 3 2-1 2-6 -8 25 5 EnterCard Holding 89 141 142 128 84 135 106 112 UC 2 2 3 2 2-1 -2 Other companies -3 10 5 13 17 26 28 2 Share of the profit or loss of associates 154 225 210 209 155 217 224 171 Real estate income 0 1 1 1 9 9 6 6 IT/administrative services to savings banks 180 205 194 180 193 204 208 180 Assets taken over 159 154 165 162 199 143 172 71 Other 2) 139 92 103 90 149 112 89 827 Other income 478 452 464 433 550 468 475 1 084 Total income 9 437 8 971 8 788 9 072 8 656 8 311 8 497 8 581 1) In Q4 2011, One-off revenue of SEK 206m related to commercial real estate loans taken over in relation to the bankruptcy estate of Lehman Brothers. 2) In Q1 2011, One-off revenue of SEK 716m from a settlement with the bankruptcy estate of Lehman Brothers. 11
99B 9B Expense analysis Financial information, Group Expense analysis, Group Staff costs Salaries and other remunerations 1 339 1 314 1 391 1 422 1 756 1 523 1 493 1 519 Variable staff costs 1) 157 184 189 208 47 73 129 146 Pension costs 1) 275 260 243 259 212 281 248 260 Social insurance charges 1) 403 405 427 434 520 445 429 447 Training costs 39 14 33 28 41 21 30 28 Other staff costs 51 52 53 58 75 66 61 67 Total staff costs 2 264 2 229 2 336 2 409 2 651 2 409 2 390 2 467 Other expenses Premises and rents 318 299 300 315 350 313 335 339 IT expenses 415 359 371 429 517 377 402 399 Telecommunications and postage 56 55 51 62 52 71 52 76 Advertising, PR and marketing 120 57 87 69 139 84 106 72 Consultants 62 51 64 73 112 101 166 151 Compensation to Savings Banks 165 147 159 152 138 121 142 129 Other purchased services 150 146 166 140 214 220 204 183 Security transport and alarm systems 93 95 101 99 107 108 113 108 Supplies 34 26 33 39 49 50 47 55 Travel 51 29 46 45 67 49 64 59 Entertainment 14 10 14 11 25 18 23 21 Repair/maintenance of inventories 29 34 37 40 37 28 57 47 Other expenses 162 182 187 221 212 215 164 183 Total other expenses 1 669 1 490 1 616 1 695 2 019 1 755 1 875 1 822 Depreciation/amortisation 209 201 219 223 277 288 222 224 Total expenses 4 142 3 920 4 171 4 327 4 947 4 452 4 487 4 513 1) Social insurance charges and pension costs related to variable pay are presented as variable staff costs. 12
Retail Net interest income 3 353 3 405 3 362 3 371 3 202 3 105 2 981 2 884 Payment processing 331 354 330 331 338 380 332 345 Service concepts 86 85 77 73 55 50 43 38 Asset management 802 785 794 793 753 795 851 853 Life insurance 74 79 79 87 86 88 100 92 Brokerage 60 48 69 75 49 79 87 104 Other securities 7 6-2 4 3-2 Lending and guarantees 52 60 41 46 59 55 59 58 Deposits 12 12 12 12 11 12 12 12 Corporate finance 1 1 1 Real estate brokerage 44 38 43 33 35 42 48 35 Non-Life insurance 17 16 16 16 14 13 6 15 Other commissions 69 48 72 71 95 55 49 54 Net commission income 1 554 1 532 1 531 1 538 1 499 1 569 1 591 1 604 Net gains and losses on financial items at fair value 37 39 41 44 49 42 44 29 Net insurance 65 82 80 80 41 16 74 52 Share of the profit or loss of associates 153 223 209 203 158 217 223 170 Other income 93 132 129 110 128 121 112 104 Total income 5 255 5 413 5 352 5 346 5 077 5 070 5 025 4 843 Staff costs 844 830 852 873 925 874 882 910 Variable staff costs 20 43 42 34 16 26 33 21 Expenses for premises 148 128 117 121 124 115 128 120 IT expenses 114 81 77 117 127 93 97 92 Consultants 8 15 15 14 18 20 22 18 Other expenses 1 309 1 351 1 276 1 238 1 380 1 185 1 378 1 285 of which internally sold and bought services 915 1 006 881 875 992 838 970 937 Depreciation/amortisation 31 29 32 32 33 33 33 32 Total expenses 2 474 2 477 2 411 2 429 2 623 2 346 2 573 2 478 Profit before impairments 2 781 2 936 2 941 2 917 2 454 2 724 2 452 2 365 Impairment of intangible assets Impairment of tangible assets Credit impairments 91 72 102 21 220 69 41 21 Operating profit 2 690 2 864 2 839 2 896 2 234 2 655 2 411 2 344 Tax expense 458 759 733 744 504 712 539 613 Profit for the period from continuing operations 2 232 2 105 2 106 2 152 1 730 1 943 1 872 1 731 Profit for the period from discontinued operations, after tax Profit for the period including non-controlling interest 2 232 2 105 2 106 2 152 1 730 1 943 1 872 1 731 Shareholders of Swedbank AB 2 232 2 102 2 103 2 148 1 728 1 939 1 868 1 727 Non-controlling interests 3 3 4 2 4 4 4 14
Retail SEKbn 2012 2012 2012 2012 2011 2011 2011 2011 Balance sheet (Incl intra-group transactions) Assets Cash and balances with central banks 1 1 2 1 1 1 1 2 Loans to credit institutions 33 29 29 33 32 31 31 29 Loans to the public 912 909 902 896 888 881 873 869 Bonds and other interest-bearing securities Financial assets for which customers bear inv. risk 102 102 99 101 94 90 102 100 Derivatives Other assets 14 14 15 13 14 13 13 13 Total assets 1 062 1 055 1 047 1 044 1 029 1 016 1 020 1 013 Liabilities and equity Amounts owed to credit institutions 73 69 71 69 75 74 75 68 Deposits and borrowings from the public 377 371 367 359 365 352 347 337 Debt securities in issue Financial liabilities for which customers bear inv. risk 103 103 100 103 94 91 102 101 Derivatives Other liabilities 478 480 476 482 460 465 462 476 Subordinated liabilities 10 9 9 9 Allocated equity 31 32 33 31 25 25 25 22 Total liabilities and equity 1 062 1 055 1 047 1 044 1 029 1 016 1 020 1 013 Return on allocated equity, % 28.0 25.5 26.3 28.4 27.4 30.7 32.3 31.4 Cost/Income ratio 0.47 0.46 0.45 0.45 0.52 0.46 0.51 0.51 Credit impairment ratio, % 0.04 0.03 0.04 0.01 0.10 0.03 0.02 0.01 Loan/Deposit ratio, % 242 245 246 250 243 250 252 258 Loans to the public excluding repos & SNDO 1) 912 909 902 896 889 882 874 870 Deposits from the public excluding repos & SNDO 1) 377 371 367 359 365 352 347 338 Mutual funds & insurance 431 412 402 412 390 365 415 417 Index linked bonds 14 16 16 16 16 16 17 17 Discretionary asset management Goodwill Allocated equity, average, SEKm 31 868 32 927 31 937 30 298 25 272 25 250 23 118 22 033 Common Equity Tier 1 capital, period end Risk-weighted assets, Basel 2 202 212 214 221 213 215 216 220 Commitments 101 107 107 103 106 107 114 116 Full-time employees 4 922 4 896 4 971 5 068 5 160 5 170 5 312 5 339 1) Excluding intra-group transactions 15
Large Corporates & Institutions Net interest income 795 768 750 728 1 104 791 915 857 Payment processing 119 141 106 105 98 94 139 100 Service concepts Asset management 140 96 84 96 116 94 100 112 Life insurance 2 2 2 1 2 2 2 Brokerage -8-2 -37 13-13 14-5 7 Other securities 9 5 3 3 11-6 6 14 Lending and guarantees 119 99 126 122 113 99 34 155 Deposits -7 7 6 7 1 11 1 7 Corporate finance 124 25 78 110-14 42 76 49 Real estate brokerage Non-life insurance Other commissions 40 43 28 27 26 24 26 24 Net commission income 536 416 396 485 339 374 379 470 Net gains and losses on financial items at fair value 492 471 443 847 227 99 23 368 Net insurance Share of the profit or loss of associates 6-4 1 1 Other income 34 12 5-4 19 9 727 Total income 1 857 1 655 1 601 2 071 1 662 1 283 1 327 2 423 Staff costs 278 252 290 305 438 340 311 332 Variable staff costs 75 65 120 105 13 6 50 83 Expenses for premises 31 31 38 36 52 39 49 34 IT expenses 123 99 108 94 88 98 92 95 Consultants 28 15 18 20 33 28 27 44 Other expenses 195 253 175 195 235 176 229 190 of which internally sold and bought services 132 190 113 115 134 84 126 109 Depreciation/amortisation 13 12 11 11 19 11 10 9 Total expenses 743 727 760 766 878 698 768 787 Profit before impairments 1 114 928 841 1 305 784 585 559 1 636 Impairment of intangible assets 4 17 Impairment of tangible assets Credit impairments 162-38 53 17-30 -54-121 Operating profit 952 966 784 1 288 767 615 613 1 757 Tax expense 84 225 262 439 272 126 160 631 Profit for the period from continuing operations 868 741 522 849 495 489 453 1 126 Profit for the period from discontinued operations, after tax Profit for the period including non-controlling interest 868 741 522 849 495 489 453 1 126 Shareholders of Swedbank AB 868 741 522 849 495 489 453 1 126 Non-controlling interests 16
Large Corporates & Institutions SEKbn 2012 2012 2012 2012 2011 2011 2011 2011 Balance sheet (Incl intra-group transactions) Assets Cash and balances with central banks 7 7 6 6 6 6 1 1 Loans to credit institutions 262 297 269 286 297 317 309 310 Loans to the public 200 219 196 185 189 165 162 162 Bonds and other interest-bearing securities 57 61 59 78 63 65 70 76 Financial assets for which customers bear inv. risk Derivatives 125 133 113 105 117 120 74 77 Other assets 16 15 16 24 13 13 11 15 Total assets 667 732 659 684 685 686 627 641 Liabilities and equity Amounts owed to credit institutions 206 220 209 223 231 243 243 254 Deposits and borrowings from the public 94 102 83 102 79 75 67 90 Debt securities in issue 16 17 19 18 17 17 20 18 Financial liabilities for which customers bear inv. risk Derivatives 120 131 112 103 115 116 70 76 Other liabilities 212 243 215 218 223 213 203 180 Subordinated liabilities 6 6 7 7 Allocated equity 19 19 21 20 14 16 17 16 Total liabilities and equity 667 732 659 684 685 686 627 641 Return on allocated equity, % 18.3 14.6 10.3 18.9 13.4 11.7 11.2 27.0 Cost/Income ratio 0.40 0.44 0.47 0.37 0.53 0.54 0.58 0.32 Credit impairment ratio, % 0.23-0.06 0.09 0.03-0.05-0.08-0.25 Loan/Deposit ratio, % 209 192 224 187 225 220 235 190 Loans to the public excluding repos & SNDO 1) 149 154 150 144 145 136 134 129 Deposits from the public excluding repos & SNDO 1) 71 80 67 77 65 62 56 67 Mutual funds & insurance 79 46 45 46 41 41 44 45 Index linked bonds 18 21 22 22 22 22 23 23 Discretionary asset management 251 282 274 273 270 255 262 254 Goodwill Allocated equity, average, SEKm 19 018 20 316 20 238 17 951 14 724 16 668 16 204 16 709 Risk-weighted assets, Basel 2 134 135 135 135 136 138 151 153 Commitments 60 59 50 51 55 52 52 50 Full-time employees 1 043 1 049 1 049 1 073 1 094 1 097 1 103 1 158 1) Excluding intra-group transactions Other information, SEKm Net interest income, Large Corporates 771 729 703 697 588 549 499 465 17
Baltic Banking Net interest income 760 753 868 910 900 993 1 016 995 Payment processing 261 273 286 275 296 298 277 225 Service concepts Asset management 49 48 47 47 43 54 46 52 Life insurance -2-1 -2-2 7-7 1 Brokerage Other securities -2-2 -2-1 -1-3 -1-1 Lending and guarantees 45 44 46 43 41 43 42 37 Deposits Corporate finance Real estate brokerage Non-life insurance 2 2 4 7 5 12 1 2 Other commissions 13 12 15 17 2 10 15 17 Net commission income 366 376 394 386 393 407 381 332 Net gains and losses on financial items at fair value 80 74 75 66 85 76 61 55 Net insurance 61 63 80 76 89 77 81 57 Share of the profit or loss of associates Other income 22 21 31 30 67 45 42 45 Total income 1 289 1 287 1 448 1 468 1 534 1 598 1 581 1 484 Staff costs 193 171 187 192 225 183 204 207 Variable staff costs 16 12 15 20 5 11 13 5 Expenses for premises 45 46 46 53 58 51 49 54 IT expenses 40 37 40 45 71 58 58 53 Consultants 2 1 2 1 4 1 2 1 Other expenses 307 259 276 282 333 299 291 306 of which internally sold and bought services 217 195 204 200 229 211 206 200 Depreciation/amortisation 30 30 28 36 36 40 34 36 Total expenses 633 556 594 629 732 643 651 662 Profit before impairments 656 731 854 839 802 955 930 822 Impairment of intangible assets 1 913 Impairment of tangible assets 8 5 4-2 21-12 20 5 Credit impairments -329-18 -204-134 -117-361 -142-382 Operating profit 977 744 1 054 975-1 015 1 328 1 052 1 199 Tax expense 155 59 96 77 69 126 126 127 Profit for the period from continuing operations 822 685 958 898-1 084 1 202 926 1 072 Profit for the period from discontinued operations, after tax Profit for the period including non-controlling interest 822 685 958 898-1 084 1 202 926 1 072 Shareholders of Swedbank AB 822 685 958 898-1 084 1 202 926 1 072 Non-controlling interests 18
Baltic Banking SEKbn 2012 2012 2012 2012 2011 2011 2011 2011 Balance sheet (Incl intra-group transactions) Assets Cash and balances with central banks 3 2 2 2 3 2 2 2 Loans to credit institutions Loans to the public 115 111 115 116 119 125 125 127 Bonds and other interest-bearing securities 2 1 2 2 2 3 2 2 Financial assets for which customers bear inv. risk 2 2 2 2 2 2 2 2 Derivatives Other assets 13 12 12 12 12 14 14 14 Total assets 135 128 133 134 138 146 145 147 Liabilities and equity Amounts owed to credit institutions Deposits and borrowings from the public 107 99 100 96 98 99 95 89 Debt securities in issue 1 1 1 1 1 1 1 1 Financial liabilities for which customers bear inv. risk 2 2 2 2 2 2 2 2 Derivatives Other liabilities 1 5 9 12 16 18 19 Subordinated liabilities 4 4 4 7 Allocated equity 25 25 25 26 21 24 25 29 Total liabilities and equity 135 128 133 134 138 146 145 147 Return on allocated equity, % 13.3 11.2 15.0 14.6-18.8 19.6 13.7 13.9 Cost/Income ratio 0.49 0.43 0.41 0.43 0.48 0.40 0.41 0.45 Credit impairment ratio, % -1.15-0.07-0.69-0.45-0.37-1.15-0.44-1.17 Loan/Deposit ratio, % 108 113 115 120 122 126 133 142 Loans to the public excluding repos & SNDO 1) 115 111 115 116 119 125 125 126 Deposits from the public excluding repos & SNDO 1) 107 99 100 96 97 99 95 89 Mutual funds & insurance 20 19 19 19 18 18 19 18 Index linked bonds Discretionary asset management 2 1 1 1 1 1 1 1 Goodwill 9 9 9 9 9 11 11 11 Allocated equity, average, SEKm 24 767 24 546 25 535 24 592 23 010 24 551 27 072 30 858 Risk-weighted assets, Basel 2 95 93 98 99 102 104 108 120 Commitments 18 17 16 16 16 16 14 13 Full-time employees 4 155 4 148 4 123 4 143 4 289 4 496 4 554 4 505 1) Excluding intra-group transactions 19
Estonia Net interest income 337 329 377 403 418 463 452 450 Payment processing 96 91 97 89 102 104 100 92 Service concepts Asset management 11 13 12 13 15 17 13 18 Life insurance 1 1 2-3 1 Brokerage Other securities 3-1 -1-1 Lending and guarantees 22 21 22 19 22 21 20 19 Deposits Corporate finance Real estate brokerage Non-life insurance 3 4 4 4 11 1 Other commissions 3 4 2-14 5 4 4 Net commission income 135 130 139 128 141 143 138 132 Net gains and losses on financial items at fair value 16 19 23 15 22 22 15 13 Net insurance 2-1 -1 Share of the profit or loss of associates Other income 7 9 6 4 3 8 12 Total income 495 487 539 552 585 633 612 606 Staff costs 73 59 70 72 81 56 70 72 Variable staff costs 5 7 4 8 2 4 4 Expenses for premises 21 21 21 22 29 21 21 23 IT expenses 13 12 14 14 6 38 21 26 Consultants 1-1 1 Other expenses 110 102 104 103 121 126 103 130 of which internally sold and bought services 83 74 73 73 81 100 81 74 Depreciation/amortisation 3 3 1 6 6 9 4 4 Total expenses 225 204 215 225 244 255 223 255 Profit before impairments 270 283 324 327 341 378 389 351 Impairment of intangible assets Impairment of tangible assets 2 13 Credit impairments -242 2-25 -78-55 -125 136-9 Operating profit 512 281 349 405 394 503 240 360 Tax expense -2-2 -1-1 -1-1 -1 Profit for the period from continuing operations 514 283 349 406 395 504 241 361 Profit for the period from discontinued operations, after tax Profit for the period including non-controlling interest 514 283 349 406 395 504 241 361 Shareholders of Swedbank AB 514 283 349 406 395 504 241 361 Non-controlling interests Return on allocated equity, % 39.6 21.8 25.6 31.5 36.4 42.5 17.4 20.5 Cost/Income ratio 0.45 0.42 0.40 0.41 0.42 0.40 0.36 0.42 Credit impairment ratio, % -1.89 0.01-0.19-0.59-0.41-0.91 0.98-0.06 Loan/Deposit ratio, % 113 112 112 118 117 121 126 137 Loans to the public excluding repos & SNDO 1) 52 50 52 52 53 54 54 56 Deposits from the public excluding repos & SNDO 1) 46 45 47 44 45 45 43 41 Mutual funds & insurance 9 8 8 8 8 8 9 7 Index linked bonds Discretionary asset management 2 1 1 1 1 1 1 1 Goodwill Allocated equity, average, SEKm 5 194 5 197 5 444 5 159 4 341 4 742 5 534 7 037 Risk-weighted assets, Basel 2 38 37 39 39 41 42 42 45 Commitments 10 9 9 9 9 9 7 6 Full-time employees 1 487 1 487 1 494 1 505 1 565 1 485 1 541 1 481 1) Excluding intra-group transactions 20
Latvia Net interest income 235 225 243 258 229 264 282 284 Payment processing 89 80 78 86 90 90 79 46 Service concepts Asset management 12 12 11 10 10 11 10 11 Life insurance Brokerage Other securities Lending and guarantees 11 12 13 10 11 13 13 11 Deposits Corporate finance Real estate brokerage Non-life insurance 1 1 1 2 2 6 Other commissions 7 5 7 8 5 5 7 5 Net commission income 120 110 110 116 118 125 109 73 Net gains and losses on financial items at fair value 30 27 28 27 31 31 26 27 Net insurance -2 1 1 Share of the profit or loss of associates Other income 6 5 13 5 10 10 10 7 Total income 391 367 394 406 388 428 428 392 Staff costs 51 47 48 52 57 50 50 49 Variable staff costs 5 6 3 6 2 3 4 2 Expenses for premises 13 10 12 13 14 13 12 13 IT expenses 10 10 11 11 27 5 18 13 Consultants 1 1 1 2 1 Other expenses 91 82 81 84 106 78 98 96 of which internally sold and bought services 61 53 57 59 75 39 67 73 Depreciation/amortisation 7 7 7 8 8 8 8 8 Total expenses 178 163 163 174 216 157 191 181 Profit before impairments 213 204 231 232 172 271 237 211 Impairment of intangible assets Impairment of tangible assets 6 4 1 16 4 3 7 Credit impairments 86 8-197 -21 158-191 -164-135 Operating profit 121 192 427 253-2 458 398 339 Tax expense 16 28 64 38-5 67 67 52 Profit for the period from continuing operations 105 164 363 215 3 391 331 287 Profit for the period from discontinued operations, after tax Profit for the period including non-controlling interest 105 164 363 215 3 391 331 287 Shareholders of Swedbank AB 105 164 363 215 3 391 331 287 Non-controlling interests Return on allocated equity, % 8.3 12.7 26.9 16.9 0.3 34.3 21.8 16.8 Cost/Income ratio 0.46 0.44 0.41 0.43 0.56 0.37 0.45 0.46 Credit impairment ratio, % 1.12 0.11-2.52-0.26 1.83-2.19-1.83-1.47 Loan/Deposit ratio, % 120 142 153 167 172 178 183 196 Loans to the public excluding repos & SNDO 1) 31 30 30 31 32 35 35 36 Deposits from the public excluding repos & SNDO 1) 26 21 19 18 19 20 19 18 Mutual funds & insurance 5 5 5 5 5 4 5 4 Index linked bonds Discretionary asset management Goodwill Allocated equity, average, SEKm 5 087 5 175 5 391 5 079 4 237 4 561 6 066 6 835 Risk-weighted assets, Basel 2 31 31 33 33 33 35 36 45 Commitments 4 4 3 4 4 4 3 4 Full-time employees 1 178 1 185 1 160 1 166 1 203 1 214 1 196 1 202 1) Excluding intra-group transactions 21
Lithuania Net interest income 185 203 235 243 259 272 289 268 Payment processing 75 101 111 100 107 102 97 88 Service concepts Asset management 7 7 6 7 4 12 8 8 Life insurance 5-5 Brokerage Other securities -1-1 1-1 -1 Lending and guarantees 9 9 10 10 8 9 9 7 Deposits Corporate finance Real estate brokerage Non-life insurance 2 1 2 1 2 6 2 1 Other commissions 8 6 7 10 6 8 10 11 Net commission income 100 124 135 128 133 131 125 115 Net gains and losses on financial items at fair value 34 26 27 22 29 28 23 21 Net insurance Share of the profit or loss of associates Other income 6 11 14 12 45 35 14 18 Total income 325 364 411 405 466 466 451 422 Staff costs 55 52 54 53 71 61 61 59 Variable staff costs 4-1 5 6 1 4 4 2 Expenses for premises 11 14 11 17 17 14 15 15 IT expenses 13 11 9 14 34 14 20 14 Consultants 1 1 Other expenses 99 81 91 87 108 98 92 87 of which internally sold and bought services 66 62 69 67 74 73 70 68 Depreciation/amortisation 8 7 8 8 8 8 8 8 Total expenses 190 164 179 185 239 199 201 185 Profit before impairments 135 200 232 220 227 267 250 237 Impairment of intangible assets Impairment of tangible assets 2 1 3-2 4-16 4-2 Credit impairments -173-28 18-35 -232-71 -114-238 Operating profit 306 227 211 257 455 354 360 477 Tax expense 99 34 32 39 65 58 58 74 Profit for the period from continuing operations 207 193 179 218 390 296 302 403 Profit for the period from discontinued operations, after tax Profit for the period including non-controlling interest 207 193 179 218 390 296 302 403 Shareholders of Swedbank AB 207 193 179 218 390 296 302 403 Non-controlling interests Return on allocated equity, % 20.6 19.5 17.6 22.0 45.9 31.6 28.4 32.0 Cost/Income ratio 0.58 0.45 0.44 0.46 0.51 0.43 0.45 0.44 Credit impairment ratio, % -2.18-0.35 0.22-0.42-2.97-0.52-1.31-2.70 Loan/Deposit ratio, % 92 95 95 97 100 104 109 114 Loans to the public excluding repos & SNDO 1) 32 31 33 33 34 36 35 34 Deposits from the public excluding repos & SNDO 1) 35 33 34 34 33 34 33 30 Mutual funds & insurance 6 6 6 6 6 6 6 6 Index linked bonds Discretionary asset management Goodwill Allocated equity, average, SEKm 4 017 3 950 4 069 3 962 3 397 3 750 4 250 5 043 Risk-weighted assets, Basel 2 26 25 26 27 28 27 30 30 Commitments 4 4 4 3 3 3 4 3 Full-time employees 1 368 1 357 1 351 1 354 1 374 1 536 1 550 1 517 1) Excluding intra-group transactions 22
Other Baltic Banking Net interest income 3-4 13 6-6 -6-7 -7 Payment processing 1 1-3 2 1-1 Service concepts Asset management 19 16 18 17 14 14 15 15 Life insurance -2-2 -2-3 1 Brokerage Other securities -1-2 -1-1 -5-1 1 Lending and guarantees 3 2 1 4 Deposits Corporate finance Real estate brokerage Non-life insurance -4-4 -3-10 -2 1 Other commissions -5 1-3 -3 5-8 -6-3 Net commission income 11 12 10 14 1 8 9 12 Net gains and losses on financial items at fair value 2-3 2 3-5 -3-6 Net insurance 61 63 80 76 89 77 81 57 Share of the profit or loss of associates Other income 3-4 4 7 8-3 10 8 Total income 78 69 104 105 95 71 90 64 Staff costs 14 13 15 15 16 16 23 27 Variable staff costs 2 3 1 1 Expenses for premises 1 2 1-2 3 1 3 IT expenses 4 4 6 6 4 1-1 Consultants 1-1 1 3 1 Other expenses 7-6 8-2 -3-2 -7 of which internally sold and bought services 7 6 5 1-1 -1-12 -15 Depreciation/amortisation 12 13 12 14 14 15 14 16 Total expenses 40 25 37 45 33 32 36 41 Profit before impairments 38 44 67 60 62 39 54 23 Impairment of intangible assets 1 913 Impairment of tangible assets -1 Credit impairments 12 26 Operating profit 38 44 67 60-1 862 13 54 23 Tax expense 42-1 1 10 2 2 2 Profit for the period from continuing operations -4 45 67 59-1 872 11 52 21 Profit for the period from discontinued operations, after tax Profit for the period including non-controlling interest -4 45 67 59-1 872 11 52 21 Shareholders of Swedbank AB -4 45 67 59-1 872 11 52 21 Non-controlling interests Return on allocated equity, % -0.2 1.8 2.5 2.3-67.9 0.4 1.9 0.7 Cost/Income ratio 0.51 0.36 0.36 0.43 0.35 0.45 0.40 0.64 Credit impairment ratio, % 0.00 0.00 0.00 0.00 17.07 30.08 0.00 0.00 Loan/Deposit ratio, % Loans to the public excluding repos & SNDO 1) 1 Deposits from the public excluding repos & SNDO 1) Mutual funds & insurance Index linked bonds Discretionary asset management Goodwill 9 9 9 9 9 9 11 11 Allocated equity, average, SEKm 10 469 10 224 10 631 10 392 11 035 11 498 11 222 11 943 Risk-weighted assets, Basel 2 Commitments Full-time employees 122 119 118 118 147 261 267 305 1) Excluding intra-group transactions 23
Group Functions & Other Net interest income 452 162 56-113 -230-54 -206-223 Payment processing 55 39 32-2 51 90 63 43 Service concepts Asset management -5-6 -8-2 -7-3 -6 Life insurance -4-7 -8-2 Brokerage -4-1 -5-6 -2-1 2 Other securities -9-9 -11 3-9 -3-9 4 Lending and guarantees -6-4 -4-8 -6-3 Deposits Corporate finance Real estate brokerage Non-life insurance -4-3 -5-6 7-5 -1-10 Other commissions 15-3 -4 2 10 7 8 Net commission income 27 31-4 -23 43 71 46 39 Net gains and losses on financial items at fair value 221 103 18 22 198 42 383-197 Net insurance 4 5 1 8 4 5 6 5 Share of the profit or loss of associates 1 2 1 1 Other income 400 343 347 342 415 343 381 248 Total income 1 105 646 419 236 431 407 610-128 Staff costs 805 792 818 831 1 025 939 864 872 Variable staff costs 46 64 12 49 13 30 33 37 Expenses for premises 95 94 99 106 117 108 110 131 IT expenses 341 292 318 339 435 355 380 383 Consultants 31 21 33 37 60 53 115 88 Other expenses -1 092-1 203-990 -954-1 077-877 -1 106-1 031 of which internally sold and bought services 1) -1 437-1 517-1 330-1 354-1 553-1 332-1 499-1 447 Depreciation/amortisation 135 130 148 144 189 204 145 147 Total expenses 361 190 438 552 762 812 541 627 Profit before impairments 744 456-19 -316-331 -405 69-755 Impairment of intangible assets 17-1 30 Impairment of tangible assets 133 97 120 42 149-1 -5-3 Credit impairments 20-277 -119-169 -490 Operating profit 594 340-139 -358-233 -285 243-262 Tax expense 89 173-44 -152-55 -130 38-189 Profit for the year from continuing operations 505 167-95 -206-178 -155 205-73 Profit for the year from discontinued operations, after tax 2) -174-203 -341-279 4 Profit for the period including non-controlling interest 331-36 -436-485 -174-155 205-73 Shareholders of Swedbank AB 330-33 -436-485 -174-155 205-73 Non-controlling interests 1-3 1) As of Q3 2012 Group Treasury allocates its administrative expenses to the business areas. The accumulated expense of SEK 167m was allocated in Q3 2012 2) As from 2012, the Russian and Ukrainian operations are reported as discontinued operations. 24
Group Functions & Other SEKbn 2012 2012 2012 2012 2011 2011 2011 2011 Balance sheet (Incl intra-group transactions) Assets Cash and balances with central banks 119 203 122 161 154 84 8 6 Loans to credit institutions 193 243 195 204 207 426 333 319 Loans to the public 12 12 15 16 15 15 15 16 Bonds and other interest-bearing securities 83 83 81 83 83 91 89 88 Financial assets for which customers bear inv. risk Derivatives 41 38 33 31 36 39 16 14 Other assets 660 695 658 679 655 655 661 655 Total assets 1 108 1 274 1 104 1 174 1 150 1 310 1 122 1 098 Liabilities and equity Amounts owed to credit institutions 240 312 243 258 270 381 286 252 Deposits and borrowings from the public 8 63 14 53 23 33 24 13 Debt securities in issue 762 818 780 779 776 816 757 739 Financial liabilities for which customers bear inv. risk Derivatives 35 34 26 24 25 27 20 24 Other liabilities 21 11 7 24 18 19 5 41 Subordinated liabilities 14 13 17 19 2 1 Allocated equity 28 23 17 17 38 32 29 29 Total liabilities and equity 1 108 1 274 1 104 1 174 1 150 1 310 1 122 1 098 Return on allocated equity, % 5.2-0.7-9.8-8.2-2.0-2.1 2.8-1.1 Cost/Income ratio 0.33 0.29 1.05 2.34 1.77 2.00 0.89-4.90 Credit impairment ratio, % 1.46 2.71 5.26 4.56-0.90-0.45-0.77-12.96 Loan/Deposit ratio, % 261 17 110 27 68 47 69 220 Loans to the public excluding repos & SNDO 1) 8 10 12 13 13 14 14 16 Deposits from the public excluding repos & SNDO 1) 3 59 11 48 20 30 21 8 Mutual funds & insurance Index linked bonds Discretionary asset management Goodwill Allocated equity, average, SEKm 25 277 19 809 17 881 23 749 34 973 30 078 29 356 26 119 Risk-weighted assets, Basel 2 33 36 38 40 41 40 34 26 Commitments 9 9 9 9 9 10 10 3 Full-time employees 4 741 5 202 5 545 5 766 5 744 6 050 6 039 6 144 1) Excluding intra-group transactions 25
Group Products Net interest income -2-3 -5-6 -1-5 -3-4 Payment processing 58 30 38-1 40 80 54 33 Service concepts Asset management 8-6 -7-1 -4-1 -5 Life insurance -1-1 -1-1 -1-1 Brokerage 2 3 3 4 3 5 4 6 Other securities -2-1 -1-1 -1-1 Lending and guarantees -3-3 -5-2 -4-3 -4-3 Deposits Corporate finance Real estate brokerage Non-life insurance -4-4 -5-6 7-5 -2-10 Other commissions -6 9-1 -6 1-1 1 Net commission income 52 28 24-8 37 72 49 20 Net gains and losses on financial items at fair value 7 11 8 8 7 11 10 7 Net insurance Share of the profit or loss of associates Other income 131 116 101 94 128 122 126 99 Total income 188 152 128 88 171 200 182 122 Staff costs 280 304 312 327 397 311 313 304 Variable staff costs 21 23 15 19 12 13 19 17 Expenses for premises 36 33 36 35 33 33 34 33 IT expenses 255 244 260 268 344 279 296 289 Consultants 9 5 7 9 20 9 35 29 Other expenses -586-606 -635-625 -630-569 -638-581 of which internally sold and bought services -739-728 -756-760 -848-745 -808-749 Depreciation/amortisation 74 70 73 72 66 63 62 60 Total expenses 89 73 68 105 242 139 121 151 Profit before impairments 99 79 60-17 -71 61 61-29 Impairment of intangible assets 17 30 Impairment of tangible assets Credit impairments Operating profit 82 79 60-17 -101 61 61-29 Tax expense 35 20 24-11 -12 10 17-9 Profit for the year from continuing operations 47 59 36-6 -89 51 44-20 Profit for the year from discontinued operations, after tax Profit for the period including non-controlling interest 47 59 36-6 -89 51 44-20 Shareholders of Swedbank AB 47 59 36-6 -89 51 44-20 Non-controlling interests Return on allocated equity, % 10.5 13.3 8.0-1.3-20.7 11.9 9.1-3.7 Cost/Income ratio 0.47 0.48 0.53 1.19 1.42 0.70 0.66 1.24 Allocated equity, average, SEKm 1 795 1 779 1 797 1 789 1 717 1 717 1 935 2 166 Risk-weighted assets, Basel 2 4 3 3 3 4 3 4 4 Commitments Full-time employees 1 814 1 777 1 782 1 761 1 717 1 690 1 646 1 619 26
Group Treasury Net interest income 467 193 96-78 -313-146 -287-399 Payment processing 1 1-1 1 Service concepts Asset management 1 2-1 Life insurance 1 1 1 1 1 Brokerage -5-6 -3-5 -5-4 -3-2 Other securities -6-4 -12 1-5 -6-5 2 Lending and guarantees 2-2 5-12 1 Deposits Corporate finance Real estate brokerage Non-life insurance Other commissions -1 2 Net commission income -11-9 -11-3 -3-21 -8 2 Net gains and losses on financial items at fair value 204 96 9 7 128 8 327-276 Net insurance Share of the profit or loss of associates 1 Other income 3 3 3 1 7 2 4 3 Total income 663 284 97-73 -181-157 36-670 Staff costs 17 16 18 20 19 20 21 20 Variable staff costs 3 3 1 3 3 2 3 2 Expenses for premises 2 2 2 2 1 2 2 1 IT expenses 1 Consultants 1 1 3 4 7 6 Other expenses -13-132 35 37 40 31 50 48 of which internally sold and bought services 2) -18-137 32 32 36 26 43 43 Depreciation/amortisation 4 4 3 4 4 4 3 4 Total expenses 14-107 61 69 67 63 86 81 Profit before impairments 649 391 36-142 -248-220 -50-751 Impairment of intangible assets -1 Impairment of tangible assets Credit impairments Operating profit 649 392 36-142 -248-220 -50-751 Tax expense 132 117 1-27 -87-95 -196 Profit for the year from continuing operations 517 275 35-115 -161-125 -50-555 Profit for the year from discontinued operations, after tax Profit for the period including non-controlling interest 517 275 35-115 -161-125 -50-555 Shareholders of Swedbank AB 517 275 35-115 -161-125 -50-555 Non-controlling interests Balance sheet (Incl intra-group transactions), SEKbn Assets Cash and balances with central banks 117 201 121 159 152 82 5 5 Loans to credit institutions 196 246 198 209 213 431 338 326 Loans to the public 13 12 15 14 11 11 10 10 Bonds and other interest-bearing securities 82 81 80 81 82 91 89 86 Financial assets for which customers bear inv. risk Derivatives 41 38 33 31 36 39 17 14 Other assets 651 692 656 676 648 653 653 649 Total assets 1 100 1 270 1 103 1 170 1 142 1 307 1 112 1 090 Liabilities and equity Amounts owed to credit institutions 239 311 244 258 268 381 285 251 Deposits and borrowings from the public 9 63 15 53 23 33 24 13 Debt securities in issue 762 818 780 779 776 816 758 738 Financial liabilities for which customers bear inv. risk Derivatives 35 34 26 25 25 27 20 23 Other liabilities 19 16 12 27 20 25 4 50 Subordinated liabilities 15 13 17 19 1-6 Allocated equity 21 15 9 9 30 24 21 21 Total liabilities and equity 1 100 1 270 1 103 1 170 1 142 1 307 1 112 1 090 Return on allocated equity, % 11.5 9.1 1.5-3.1-2.4-2.3-0.9-12.0 Cost/Income ratio 0.02-0.38 0.63-0.95-0.37-0.40 2.39-0.12 Loan/Deposit ratio, % 167 8 49 10 24 17 24 115 Loans to the public excluding repos & SNDO 1) 3 5 5 4 3 4 4 5 Deposits from the public excluding repos & SNDO 1) 2 58 10 46 18 28 19 Allocated equity, average, SEKm 17 968 12 050 9 443 15 003 26 603 21 651 21 665 18 546 Risk-weighted assets, Basel 2 15 16 16 15 15 14 9 2 Commitments 9 9 8 8 8 9 9 2 Full-time employees 58 57 56 62 59 64 63 60 1) Excluding intra-group transactions 2) As of Q3 2012 Group Treasury allocates its administrative expenses to the business areas. The accumulated expense of SEK 223m was allocated in 2012 27
Ektornet Net interest income -21-23 -25-29 -25-11 -13-13 Net commission income Net gains and losses on financial items at fair value 9-6 -3 4 56 21 24 62 Net insurance Share of the profit or loss of associates 1 1 1 Other income 156 146 152 154 166 126 154 59 Total income 145 118 124 129 198 136 165 108 Staff costs 30 38 42 35 27 26 29 20 Variable staff costs 2 1 1 1 4 Expenses for premises 2 2 1 2 2 1 2 IT expenses 1 1 1 1 1 1 Consultants 5 6 6 6 11 9 4 9 Other expenses 75 73 86 89 102 97 41 42 of which internally sold and bought services Depreciation/amortisation 26 24 25 28 42 32 25 23 Total expenses 141 145 162 162 188 166 100 96 Profit before impairments 4-27 -38-33 10-30 65 12 Impairment of intangible assets Impairment of tangible assets 133 97 120 42 140-6 -7-1 Credit impairments Operating profit -129-124 -159-74 -130-24 72 13 Tax expense -54-9 -22-5 -3-3 37 21 Profit for the year from continuing operations -75-115 -137-69 -127-21 35-8 Profit for the year from discontinued operations, after tax 4-17 4 Profit for the period including non-controlling interest -71-132 -137-69 -123-21 35-8 Shareholders of Swedbank AB -71-129 -137-69 -124-21 35-8 Non-controlling interests 1-3 Return on allocated equity, % -15.5-26.0-25.0-12.1-21.7-4.0 8.3-2.0 Cost/Income ratio 0.97 1.23 1.31 1.26 0.95 1.22 0.61 0.89 Allocated equity, average, SEKm 1 831 1 982 2 193 2 281 2 282 2 104 1 684 1 564 Risk-weighted assets, Basel 2 6 6 7 7 7 6 5 4 Full-time employees 204 464 508 397 216 206 197 175 30
Other Group Functions Net interest income 8-5 -10 109 108 97 193 Payment processing -3 9-6 -1 10 9 10 9 Service concepts Asset management -13-1 -1-2 -1-2 -2-1 Life insurance 1-1 -4-7 -7-2 Brokerage -1 2-5 -5-2 -1-2 Other securities -1-4 1 3-3 4-4 3 Lending and guarantees -3-1 -1-4 -1 9 3 Deposits Corporate finance Real estate brokerage Non-life insurance 1 1 Other commissions 6 7-5 -3 8 9 8 7 Net commission income -14 12-17 -12 9 20 5 17 Net gains and losses on financial items at fair value 1 2 4 3 7 2 22 10 Net insurance 4 5 1 8 4 5 6 5 Share of the profit or loss of associates 1 Other income 110 78 91 93 114 93 97 87 Total income 109 92 70 92 243 228 227 312 Staff costs 478 434 446 449 582 582 501 528 Variable staff costs 20 37-5 26-6 15 11 18 Expenses for premises 55 57 60 67 81 72 74 95 IT expenses 85 47 56 70 91 75 83 94 Consultants 16 10 19 19 29 31 69 44 Other expenses -568-538 -476-455 -589-436 -559-540 of which internally sold and bought services -680-652 -606-626 -741-613 -734-741 Depreciation/amortisation 31 32 47 40 77 105 55 60 Total expenses 117 79 147 216 265 444 234 299 Profit before impairments -8 13-77 -124-22 -216-7 13 Impairment of intangible assets Impairment of tangible assets 9 5 2-2 Credit impairments 20-277 -119-169 -490 Operating profit -8-7 -76-125 246-102 160 505 Tax expense -24 45-47 -109 47-42 -16-5 Profit for the period from continuing operations 16-52 -29-16 199-60 176 510 Profit for the period from discontinued operations, after tax -178-186 -341-279 Profit for the period including non-controlling interest -162-238 -370-295 199-60 176 510 Shareholders of Swedbank AB -163-238 -370-295 200-60 176 510 Non-controlling interests Return on allocated equity, % -17.7-23.8-33.3-25.2 18.3-5.2 17.3 53.1 Cost/Income ratio 1.07 0.86 2.10 2.35 1.09 1.95 1.03 0.96 Credit impairment ratio, % Loan/Deposit ratio, % Allocated equity, average, SEKm 3 683 3 998 4 448 4 676 4 371 4 606 4 072 3 843 Risk-weighted assets, Basel 2 8 11 12 15 15 17 16 16 Commitments 1 1 1 1 1 1 Full-time employees 2 665 2 904 3 199 3 546 3 752 4 090 4 133 4 290 1) Excluding intra-group transactions 32
Eliminations Net interest income -14-3 -1-1 -9-3 8-12 Payment processing 16 18 16 16 16 15 14 12 Service concepts Asset management -18-10 -8-11 -11-20 -6-6 Life insurance -3 8-5 -4 Brokerage Other securities 10 10 10 9 9 9 9 8 Lending and guarantees 2 2 3 2 4 7 4 2 Deposits Corporate finance Real estate brokerage Non-life insurance Other commissions 9 1-1 -1-2 -1-1 Net commission income 19 20 22 12 17 17 15 11 Net gains and losses on financial items at fair value Net insurance -3-3 2-6 -1 Share of the profit or loss of associates Other income -71-44 -55-54 -56-60 -69-40 Total income -69-30 -32-49 -48-47 -46-41 Staff costs -13-9 Variable staff costs Expenses for premises -1-1 -1-1 -1 IT expenses -202-149 -173-166 -203-227 -226-223 Consultants -8-4 -3-1 Other expenses 155 120 145 118 168 181 181 182 of which internally sold and bought services 173 126 132 164 198 199 197 201 Depreciation/amortisation Total expenses -69-30 -32-49 -48-47 -46-41 Profit before impairments Impairment of intangible assets Impairment of tangible assets Credit impairments Operating profit Tax expense Profit for the year from continuing operations Profit for the year from discontinued operations, after tax Profit for the period including non-controlling interest Shareholders of Swedbank AB Non-controlling interests Index linked bonds -12-14 -15-15 -15-15 -15-15 33
11B 1B, 5-years, Group FY FY FY FY FY 2012 2011 2010 2009 2008 Profit Return on equity, % 14.6 12.2 8.1-12.5 15.2 Return on equity continuing operations, % 15.6 Return on total assets, % 0.76 0.65 0.40-0.58 0.64 Cost/Income ratio 0.46 0.54 0.57 0.51 0.50 Net interest margin, % 3) 1.12 1.07 0.92 1.17 1.33 Business Volumes SEKbn Loans to the public excl. repos & SNDO 1 184 1 166 1 146 1 192 1 251 Deposits to the public excluding repos & SNDO 558 547 517 479 478 Loan/Deposit ratio, % 212 213 222 240 262 Asset quality Credit impairment ratio, % -0.01-0.14 0.20 1.74 0.24 Total provision ratio for impaired loans, % 62 62 63 65 60 Share of impaired loans gross, % 1.05 1.87 2.53 2.85 0.74 Capital Adequacy Common Equity Tier 1 ratio, %, Basel 3 1) 15.4 14.3 Common Equity Tier 1 ratio, %, Basel 2 16.7 15.7 13.9 12.0 9.3 Risk weighted assets, Basel 3 1) 487 105 515 137 Risk weighted assets, Basel 2 464 339 492 337 541 327 603 431 696 505 Risk weighted assets, transition rules 769 117 756 762 750 440 784 469 916 112 Risk weighted assets, Basel 1 990 705 969 344 954 708 990 225 1 051 140 Risk weighted assets/total assets, %, Basel 3 1) 26 28 Risk weighted assets/total assets, %, Basel 2 25 27 32 34 38 Liquidity & Funding Liquidity coverage ratio (LCR) 130 139 Net stable funding ratio (NSFR) 91 94 Share of wholesale funding > 1 year, % 64 64 56 51 37 Share data Earnings per share before dilution, SEK 2) 12.12 9.53 6.43-10.66 16.51 Earnings per share before dilution continuing operations, SEK 13.03 Earnings per share after dilution, SEK 2) 12.07 9.52 6.43-10.66 16.51 Earnings per share after dilution continuing operations, SEK 12.97 Cash dividend per ordinary share, SEK 9.90 5.30 2.10 Cash dividend per preference share, SEK 9.90 5.30 4.80 Equity Shareholders Equity, average SEKm 97 992 95 563 91 480 84 172 71 610 1) Estimates based on Swedbank's current understanding of future regulations. 2) When calculating earnings per share the preference share dividend is deducted from profit in the period the dividend is declared. 3) Net interest margin before trading interest are deducted 71
11B 1B, 9 quarters, Group 2012 2012 2012 2012 2011 2011 2011 2011 Profit Return on equity, % 16.9 14.3 13.2 14.1 3.9 14.4 14.4 16.1 Return on equity continuing operations, % 17.5 15.2 14.6 15.3 Return on total assets, % 0.76 0.71 0.70 0.73 0.21 0.76 0.79 0.89 Cost/Income ratio 0.44 0.44 0.47 0.48 0.57 0.54 0.53 0.53 Net interest margin, % 3) 1.15 1.11 1.14 1.12 1.07 1.08 1.08 1.05 Business Volumes SEKbn Loans to the public excl. repos & SNDO 1 184 1 184 1 179 1 169 1 166 1 157 1 147 1 141 Deposits to the public excluding repos & SNDO 558 609 545 580 547 543 519 502 Loan/Deposit ratio, % 212 194 216 202 213 213 221 227 Asset quality Credit impairment ratio, % -0.02 0.01-0.01-0.03-0.05-0.13-0.09-0.29 Total provision ratio for impaired loans, % 62 65 64 65 62 60 60 61 Share of impaired loans gross, % 1.05 1.32 1.53 1.67 1.87 2.05 2.20 2.28 Capital Adequacy Common Equity Tier 1 ratio, %, Basel 3 1) 15.4 15.4 15.1 14.5 14.3 Common Equity Tier 1 ratio, %, Basel 2 16.7 16.7 16.2 15.6 15.7 15.1 14.8 14.9 Risk weighted assets, Basel 3 1) 487 105 497 763 508 300 515 325 515 137 Risk weighted assets, Basel 2 464 339 475 524 485 387 494 634 492 337 497 067 509 326 519 070 Risk weighted assets, transition rules 769 117 775 325 771 062 759 447 756 762 760 455 744 861 747 125 Risk weighted assets, Basel 1 990 705 993 036 986 446 977 353 969 344 967 804 954 630 952 739 Liquidity & Funding Liquidity coverage ratio (LCR) 130 144 152 116 139 Net stable funding ratio (NSFR) 91 94 91 96 94 Share data Earnings per share before dilution, SEK 2) 3.88 3.18 2.87 2.19 0.88 3.12 3.02 2.47 Earnings per share before dilution continuing operations, SEK 4.03 3.37 3.19 2.44 Earnings per share after dilution, SEK 2) 3.86 3.17 2.86 2.19 0.88 3.11 3.01 2.47 Earnings per share after dilution continuing operations, SEK 4.01 3.36 3.16 2.44 Equity Shareholders Equity, average SEKm 100 930 97 598 95 591 96 590 97 979 96 548 95 750 95 718 1) Estimates based on Swedbank's current understanding of future regulations. 2) When calculating earnings per share the preference share dividend is deducted from profit in the period the dividend is declared. 3) Net interest margin before trading interest are deducted