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Swedbanka?s exposure toward Greece, Ireland, Italy, Portugal and Spain

^{Published on 2010-05-10 07:20:33 - Market Wire}
 

STOCKHOLM, Sweden--([ BUSINESS WIRE ])--Regulatory News:

"Swedbanka™s exposure toward Greece is small and our exposure toward the other so called PIIGS-countries is low as well. The bank is also on firm ground when it comes to having secured our long-term funding and is well protected from any eventual liquidity risk that could occur on the market"

Against the background of the recent developments within the euro area, Swedbank (Pink Sheets:SWDBF) (STO:SWEDA) (LSE:SWK) hereby informs about its exposure toward Greece, Ireland, Italy, Portugal and Spain.

Swedbanka™s total gross exposure toward Greece, Ireland, Italy, Portugal and Spain amounts to about SEK 4.9 bn, out of which SEK 146 million involves exposure toward Greece.

aSwedbanka™s exposure toward Greece is small and our exposure toward the other so called PIIGS-countries is low as well. The bank is also on firm ground when it comes to having secured our long-term funding and is well protected from any eventual liquidity risk that could occur on the market,a said Swedbanka™s Chief Risk Officer Gran Bronner.

Swedbank is the bank for the many people, households and companies. 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 9.5 million retail customers and 535,000 corporate customers with 377 branches in Sweden and 224 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S., China, Japan, Russia and Ukraine. As of March 31 2010 the group had total assets of SEK 1,890 billion. Read more at www.swedbank.com

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