Facts FöreningsSparbanken

Transcription

1 Q1 25 April 28, 25 Facts FöreningsSparbanken Contents page 1. Market position 2 2. International presence 4 3. Financial and strategic targets 5 4. Savings and investments 6 5. Lending 7 6. Profit trend and key figures 8 7. Profit trend Hansabank 1 8. Income Expenses Profit per business areas Balance sheet Interest rates Funding and interest rate risks Asset quality Structure Owners and shares 22

2 1. Market position Our customer base Market shares Swedish retail market March 31, 25 February 28, 25 % Households Public sector 4. FSB 4.1 million FSB 215 municipalities Jointly owned.4 million Jointly owned 2 municipalities 3. Independent 1.3 million Independent 93 municipalities Hansabank 4.3 million FSB 21 county councils 2. Authorities FöreningsSparbanken 1. SME:s FSB 231. Jointly owned 24. Independent 9. Hansabank 164. Large companies Nationwide organizations Unions Cooperative Religious. Total lending Mortgages Deposits Fund management* Retail bonds* *As of December 31, 24 The Bank in Sweden Product range and market position - Sweden 772 (781) branches Savings and investments Salaries and payments 28 (213) in-store banks 1st household deposits 1st card clearing 723 (811) post offices/svensk 1st mutual funds 1st debit cards Kassaservice 3rd fund-allocated insurance 1-2nd direct salary deposits 1,195 (1,183) ATMs 1st individual pension savings 1-2nd giro payments Telephone bank, 2.2 (2.1) million 5-6th stock trading customers 1st premium pension savings Meeting places Internet bank, 1.8 (1.7) million 1st branches customers Corporate market 1st internet banking 4th deposits 1st telephone banking Including independent savings banks and partly 2nd lending 1st ATMs owned banks. (December 24). na instalment financing and leasing Housing 1-2nd mortgage loans 1-2nd real estate brokerage Products per household customer Number of customers, thousands >1 June-2 March-5 Products per corporate customer Av. no. of Av. no. of products Sweden Numbers of products Sweden Q customers, Q Q thousands Q Q Q Q Q Q Q Q Q Q * 35 Q * Q Q Q Q Q Q Q1 5-3,96* 2 Q1 5-4,67* >1 June-2 March-5 *Change in product range and customer definition *Change in product range and customer definition 2

3 1. Market position Giro accounts - households Including independent savings banks, partly owned banks and Hansabank Number of customers with giro, thousands Mar-3 Jun-3 Sep-3 Dec-3 Giro (paper), Sweden Giro via Internet, Hansabank Bank cards Including independent savings banks, partly owned banks and Hansabank Number of cards, thousands Mar-3 Jun-3 Sep-3 Dec-3 Mar-4 FöreningsSparbanken Purchases, millions Jun-4 Sep-4 Dec-4 Quarterly transactions, millions 16 Mar-5 Hansabank Acquiring, millions Internet bank Including independent savings banks, partly owned banks March 31, 25 and Hansabank Telephone bank Sweden Personal Assistance 1,631, customers - an increase of 1.7 percent from Number of customers, thousands Number of payments, millions December 31, 24 2,959, calls in one year - an increase of 8.1 percent Self-service 2,192, customers - an increase of.8 percent from December 31, 24 55,613, calls in one year - an increase of 7. percent Mar-3 Sep-3 Dec-3 Mar-4 Jun-4 Sep-4 Dec-4 Mar-5 Mar-4 Jun-4 Sep-4 Dec-4 Giro via Internet, Sweden Mar-5 Numbers of Internet customers in Sweden Number of Internet customers in Hansabank Payments 3

4 2. International presence International growth three options 1) Retail banking in Nordic and Baltic regions controlling share any acquisition should give a positive contribution to group RoE long-term 2) Acquisition-led expansion within certain product areas economies of scale cross-border customer value additional distribution channels 3) Greenfield investment in Nordic metropolitan retail operations Branch offices Norway (Oslo) England (London) USA (New York) 19,5 % Finland 19,9 % Sweden Norway Estonia Latvia Lithuania 88,9 % Representative offices Japan (Tokyo) China (Shanghai) Luxemburg Country Sweden Norway Finland Baltic region Total Bank FöreningsSparbanken EnterCard Aktia Hansabank Jointly owned banks First Securities Independent savings SpareBank 1 Gruppen banks Ownership 1 percent 19.9 percent 88.9 percent interest 33.3 percent 19.5 percent Investment SEK 216 M SEK 155 M SEK 14,39 M SEK 16,264 M SEK 2 M SEK 1,33 M Branches ,54 ATM's ,29 2,224 Household million 4.3 million 1.1 million customers Corporate 232, + 24, + 9, 165, 511, customers 4

5 3. Financial and strategic targets Strategy Sweden The Swedish market is the base and home market for FöreningsSparbanken s operations. FöreningsSparbanken will be a full-service bank with a strong local presence throughout the country through its branch network and the cooperations with independent savings banks and partly owned banks. FöreningsSparbanken will be a bank for everyone and offer customers in every segment an attractive range of financial products. Increased customer satisfaction is guiding principle for FöreningsSparbanken s strategic framework. Financial targets The Group's return on equity shall exceed the average of all other large, publicly listed Nordic banks (Handelsbanken, SEB, Nordea, Danske Bank and DnB NOR) and be at least 2 percent higher than the long term riskfree interest rate plus a normal risk premium. The Group's C/I ratio before loan losses shall remain below.5 over the long term. FöreningsSparbanken's capital adequacy ratio shall at least correspond to the level that at any given time is deemed appropriate in order to maintain sustainable financial stability and to develop operations. The primary capital ratio shall be 7 percent FöreningsSparbanken's objective is to maintain a dividend equal to at least 4 percent of net profit. Return on equity % Capital adequacy % Q1-3 Q2-3 Q3-3 Q4-3 Q1-4 Q2-4 Q3-4 Q4-4 Q1-5. Q1-3 Q2-3 Q3-3 Q4-3 Q1-4 Actual capital adequacy ratio Q2-4 Q3-4 Q4-4 Q1-5 Primary capital ratio Target primary capital ratio Dividend SEK * Dividend ratio 57% 45% 56% 7% 48% 4% Dividend growth 7% 1% 5% 13% Yield, per year-end * 4.% 3.81% 4.23% 5.34% 4.8% 3.93% * Based on share price at year-end 5

6 4. Savings and investments Market shares, total fund assets in Sweden Robur, fund assets March 31, 25 (December 31, 24) March 31, 25 Länsf./ Wasa 4.% (4.) Others 23.% (22.8) SHB 13.5% (13.3) Nordea 15.5% (15.9) Robur 27.7% (27.8) SEB 16.3% (16.2) New savings, net Q1 Q4 Q3 Q2 Q1 SEK bn Market share % Mar 31, 25 Bank deposits, households Net fund and insurance investments Retail bonds Subtotal households Bank deposits, other Other sales channels in Sweden Total Jointly owned and independent savings banks Hansabank -deposits* Hansabank -fund and insurance Total new savings, net * excluding exchange rate fluctuation Volumes and net flow Deposits from the public Mar 31 Mar 31 Dec 31 Dec 31 Dec 31 Volume SEK bn % Mar/3 Jun/3 Sep/3 Dec/3 Mar/4 Jun/4 Sep/4 Dec/4 Swedish stocks Foreign stocks Interest-bearing securities Mar/5 Households, SEK Households, foreign currency Other, SEK Other, foreign currency Total Fund management Discretionary asset management Unit-linked insurance less unit-linked insurance in own companies Retail bonds and other bonds Total Q1 Q1 Full year Full year Full year Net flow, SEK bn Household deposits Other deposits, SEK Other deposits, foreign currency Fund management, net savings Fund-allocated insurance, new policies Retail bonds

7 5. Lending SEK bn 3 Bank lending, Sweden Banks 1 5 Mortgage Institutions 1 5 Feb-2 Apr-2 Jun-2 Aug-2 Oct-2 Dec-2 Feb-3 Apr-3 Jun-3 Aug-3 Oct-3 Dec-3 Feb-4 Apr-4 Jun-4 Aug-4 Oct-4 Dec-4 Feb-5 Source: Statistics Sweden (Statistiska centralbyrån, SCB), February 28, 25 Lending, excl repurchase agreements Spintab's loan portfolio March 31, 25 (December 31, 24) March 31, 25 (December 31, 24) Real estate mgmt 21% (2) Businesses excl. real estate mgmt 24% (25) Municipalities 2% (2) Bank lending, households 6% (6) Hansabank, households 3% (3) Spintab, households 43% (43) Households, other 1% (1) Single-family homes 6% (6) Multi-family housing 18% (19) Business properties 1% () Agriculture 6% (6) Municipal loans and guarantees 6% (6) Individual condominiums 9% (9) Lending Mar 31 Dec 31 Sep 3 Jun 3 Mar 31 Dec 31 Sep 3 Jun 3 SEK bn Private individuals of which Spintab Real estate management Businesses, incl. credit institutions Municipalities * Total excluding FI-Holding FI-Holding Total Credit institutions, incl Swedish National Debt Office Repurchase agreements Total lending * not including municipal companies 7

8 6. Profit trend and key figures Change in net interest income Q1 25 compared to Q1 24, SEK M Change in net commission income Q1 25 compared to Q1 24, SEK M Swedish retail operations 96 Payment processing 67 Swedbank Markets 11 Asset management 39 International banking operations 131 Lending provision commissions -4 Asset management and insurance -2 Brokerage -25 Shared Services and Group Staffs etc 93 Other -51 Eliminations 151 Total 48 Profit trend Q1 Q1 Full year SEK M Net interest income Net commission income Net gains and losses on items at fair value Net insurance Share of profit/loss of associated companies Other operating income Total income Staff costs Other administrative expenses Depreciation, amortization and write-down of tangible and intangible fixed assets Total expenses Profit before loan losses Loan losses Operating profit Tax Profit from continuing operations Profit from discontinued operations after tax Profit for the period Attributable to: Shareholders of FöreningsSparbanken AB (publ) Minority interest Key figures Mar 31 Mar 31 Dec Return on equity (ROE), % * Return on total capital (ROA),% Loan loss ratio, net, % Provision ratio for doubtful claims, % Capital adequacy ratio, % Primary capital ratio, % C/I ratio before loan losses Interest margin, % Investment margin,% Risk weighted amount/total assets (RWA/TA), % Earnings per share (EPS), SEK Dividend per share (DPS), SEK 6.5 * Based on equity attributable to FöreningsSparbanken's shareholders Balance sheet data Mar 31 Mar 31 Dec 31 SEK M Total lending of which mortgage lending Deposits and borrowings from the public Equity Minority interest Shareholders' equity Total assets Risk weighted amount

9 6. Profit trend and key figures Quarterly profit trend SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Net interest income Net commission income Net gains and losses on items at fair value Net insurance Share of profit/loss of associated companies Other income Total income Staff costs Profit-based staff costs Costs for personnel changes Other expenses Depreciation and write-down of tangible and intangible fixed assets Total expenses Profit before loan losses Loan losses Operating profit Tax Profit from continuing operations Profit from discontinued operations after tax Profit for the period Attributable to: Shareholders' of FöreningsSparbanken AB (publ) Minority interest Net interest income, Spintab Quarterly development excluding non recurrent items SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Profit-based staff costs Costs for personnel changes Profit effect from IAS 39 5 Total Operating profit Operating profit excluding items affecting comparability Share of profit/loss in associated companies SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 First Securities FöreningsSparbanken Sjuhärad Färs & Frosta Sparbank Other jointly owned banks in Sweden VPC BGC-Holding Other companies SpareBank 1 Gruppen 7 6 Aktia Total

10 7. Profit trend Hansabank Hansabank, quarterly development SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Net interest income Net commission income Net profit on financial items at fair value Other income Total income Staff costs Other expenses Total expenses Profit before loan losses Loan losses Operating profit Hansabank, balance sheet data Mar 31 Mar 31 Dec 31 (according to Hansabank's financial reporting) SEK M Total assets Lending to the public Shareholders' equity Minority interest Shareholders' equity Return on equity, %

11 8. Income Quarterly trends, income SEK M Q1 4 Q2 4 Q3 4 Q4 4 Q1 5 Net interest income Commissions Financial items Other Quarterly income SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Interest income Interest expenses Net interest income Commissions receivable Payment processing commissions Lending commissions Brokerage Asset management Other securities commissions Other commissions receivable Total commissions receivable Commissions payable Payment processing commissions Securities commissions Other commissions payable Total commissions payable Net commission income Financial items classified as trading as well as derivatives Shares and participations interests Change in value Dividend 4 2 Interest-bearing securities Change in value Interests Other financial instruments Change in value Total Other financial instruments at fair value Shares and participations interests Change in value -23 Dividend Interest-bearing securities Change in value Total Exchange rate fluctuation Net profit on financial operations at fair value, total Other income Insurence operations' net interest income Real estate income Income from independent savings banks Share of profit/loss in associated companies Other Total Total income

12 9. Expenses Cost development Quarterly expenses SEK M SEK M Q1 3 Q2 3 Q3 3 Q4 3 Q1 4 Q2 4 Q3 4 Q4 4 Q1 5 Q1 4 Q2 4 Q3 4 Q4 4 Q1 5 Total expenses Swedish operations International banking operations Staff costs Other expenses Quarterly expenses SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Staff costs Salaries and remuneration, including social insurance charges Profit based staff costs Other staff costs Total staff costs Other expenses Premises Computer and IT Telecommunications, postage Depreciation and write-down tangible and intangible assets Other Total other expenses Total expenses of which International Banking Development of number of Mar 31 Dec 31 Sep 3 Jun 3 Mar 31 full-time positions Permanent employees Temporary employees Total Hansabank FI-Holding Total

13 1. Profit per business area Business area accounting principles The business area report is based on FöreningsSparbanken s organization and internal accounts. Market-based compensation is applied between business areas, while all costs for IT, other shared services and Group Staffs are transferred at full cost-based internal prices to the business areas. Executive Management expenses are not distributed. The Group s shareholders equity (the year s opening equity balance excluding the dividend) is allocated to each business area at the beginning of the year. The allocation is based on capital adequacy rules and estimated capital requirements during the year. Estimated interest on allocated equity is calculated based on average Swedish interbank demand loan rates. Goodwill, including the effects on profit, financial expense and amortization, is allocated to each business area. Return on equity is based on allocated shareholders equity for the business areas. The return for the business areas is based on operating profit less estimated tax and minority interests. Swedish Retail Banking Swedish Retail Banking has responsibility for private and commercial customers, organizations, municipalities and county councils in Sweden as well as the Bank s distribution channels in the form of branches, ATM s and the telephone and Internet banks. Also included are the unit for customer offerings and products (including the subsidiaries Spintab, FSB Finans, Kundinkasso and EnterCard), partly owned Swedish banks, private banking operations in Luxembourg, FSB Fastighetsbyrå AB (real estate brokerage), FSB Juristbyrå AB (legal services), the treasury operations of Spintab (responsible for funding mortgage lending operations). Swedish Retail Banking SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Net interest income Share of profit/loss of associated companies etc Other income Total income Staff costs Other expenses Total expenses Profit before loan losses Loan losses Operating profit/loss Allocated equity Return on allocated equity,% Total assets SEK bn Swedbank Markets Swedbank Markets comprises Investment Banking and Merchant Banking as well as responsibility for financial institutions. In addition to operations in Sweden, the business area includes the international branches in Oslo, London and New York, First Securities in Norway and the representative office in Shanghai. Swedbank Markets SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Net interest income Share of profit/loss of associated companies etc Other income Total income Staff costs Other expenses Total expenses Profit before loan losses Loan losses Operating profit/loss Allocated equity Return on allocated equity,% Total assets SEK bn

14 1. Profit per business area Asset Management and Insurance Asset Management and Insurance comprises the Robur Group and its operations in fund management, institutional and discretionary asset management, insurance and individual pension savings. Asset Management and Insurance SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Net interest income Other income Total income Staff costs Other expenses Total expenses Profit before loan losses Operating profit/loss Allocated equity Return on allocated equity,% Total assets SEK bn International Banking The International Banking business area includes the subsidiary Hansabank in the Baltic states and the shareholdings in SpareBank 1 Gruppen and Aktia. FI-Holding in Denmark was included through August 24. Due to the reduced ownership interests, SpareBank 1 Gruppen is no longer reported as an associated company as of June 24, nor Aktia as of December 24. International Banking SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Net interest income Share of profit/loss of associated companies etc Other income Total income Staff costs Other expenses Total expenses Profit before loan losses Loan losses Operating profit/loss Allocated equity Return on allocated equity,% Total assets SEK bn Shared Services and Group Staffs Shared Services and Group Staffs comprise IT and other shared services, Treasury, Group Staffs and the Group s own insurance company, Sparia. The business area also includes a limited number of loan loss provisions that are not reported by units with customer responsibility. Shared Services and Group Staffs SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Net interest income Share of profit/loss of associated companies etc Other income Total income Staff costs Other expenses Total expenses Profit before loan losses Loan losses Operating profit/loss Allocated equity Return on allocated equity,% neg 64.6 neg Total assets SEK bn Eliminations SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Net interest income Other income Total income Staff costs Other expenses Total expenses

15 11. Balance sheet Balance sheet March 31, 25 Balance sheet Mar 31 Mar 31 Dec 31 SEK M Lending to credit institutions Lending to the public Interest-bearing securities Shares and participating interests for which customers bear the investment risk Derivatives Other assets Total assets Amounts owed to credit institutions Deposits and borrowings from the public Debt securities in issue Liabilities where the customers bear the investment risk Derivatives Other liabilities Subordinated liabilities Equity Minority interest Shareholders' equity Total liabilities, provisions and shareholders' equity SEK bn Lending, Private individuals, 68 Other loans to the public, 25 Mortgage loans, 434 Credit institutions, 127 Interest-bearing sec, 84 Derivatives, 34 Other assets, 91 Household deposits, 164 Other deposits from the public, 146 Debt securities in issue, 446 Credit institutions, 122 Derivatives, 34 Other liabilities, 129 Shareholders' equity, 47 Lending Mar 31 Dec 31 Sep 3 Jun 3 Mar 31 Dec 31 Sep 3 Jun 3 SEK bn Households of which Spintab Real estate management Retail, hotels, restaurants Construction Manufacturing Transportation Forestry and agriculture Other service businesses Other corporate lending Municipalities * Total excluding FI-Holding FI-Holding Total Credit institutions incl. The Swedish National Debt Office Repurchase agreements Total lending * Not including municipal companies Deposits Mar 31 Dec 31 Sep 3 Jun 3 Mar 31 Dec 31 Sep 3 Jun 3 SEK bn Transaction accounts Savings accounts Overnight deposits Other Currency deposits Total deposits from public of which non financial companies

16 12. Interest rates Interest rates in Sweden, quarterly % Mar/2 Jun/2 Sep/2 Dec/2 Mar/3 Jun/3 Sep/3 Dec/3 Mar/4 Jun/4 Sep/4 Dec/4 Mar/5 1-year Swap 9 days STIBOR Published rates Mar 31 Dec 31 Sep 3 Jun 3 Mar 31 Dec 31 Sep 3 Jun 3 Household deposits Private accounts SEK - 15,.....* SEK 15, e-savings account * Savings capital accounts SEK - 1, SEK 1, Savings accounts SEK - 1, SEK 1, - 25, * SEK 25, * Fixed rate deposits 3-months year year year * As of April 14, 24 Published rates Mar 31 Dec 31 Sep 3 Jun 3 Mar 31 Dec 31 Sep 3 Jun 3 Spintab mortgages, single-family homes months year year

17 13. Funding and interest rate risks Maturity distribution, Spintab's lending, March 31, 25 SEK M <3 mos. 3-6 mos. 6-9 mos mos. 1-2 yrs. 2-3 yrs. 3-4 yrs. 4-5 yrs. > 5 yrs. Total Retail Other Total Maturity distribution, Spintab's funding, March 31, 25, nominal amount SEK M <3 mos. 3-6 mos. 6-9 mos mos. 1-2 yrs. 2-3 yrs. 3-4 yrs. 4-5 yrs. > 5 yrs. Total Retail Other Total Funding and capital structure, March 31, 25 Primary Capital SEK M Undated Supple- Risk- capital adequacy Debt of which Subordinated subordinated Primary mentary weighted ratio ratio securities bonds loans loans capital capital amount % % The Bank Spintab The Group Interest rate risk, March 31, 25 Effect on value of assets and liabilities in SEK and foreign currency if interest rates increase by 1 b.p. SEK M <3 mos. 3-6 mos mos. 1-2 yrs. 2-3 yrs. 3-4 yrs. 4-5 yrs. 5-1 yrs. >1 yrs. Total Total FöreningsSparbanken, the Group of which foreign currency Of which financial current assets at fair value, the group of which foreign currency

18 Doubtful claims gross decreased by 33 percent to SEK M (3 932) Provision ratio for doubtful claims increased to 151 percent (129) Loan losses decreased by 3 percent to SEK 99 M (142) Loan loss ratio, net.5 percent (.7) (Figures in parentheses refer to March 31, 24) 14. Asset quality Group lending by collateral March 31, 25 (December 31, 24) Personal guarantee, 2% (2) Unsecured, 8% (8) Chattel mortgages, 2% (2) Other properties, 13% (13) Other collateral, 7% (6) Municipalities and county councils, 7% (7) Residential properties incl. Condom-iniums, 61% (62) Specification of claims Book Specific Collective Provisions for Book value of Book value Book value of Sector/Industry value before provisions provisions collectively claims after of doubtful unsettled claims SEK M accounting for for individually for individually valued accounting for claims for which March 31, 25 provisions assessed assessed homogenous provisions (unsettled) interest is claims claims groups of entered as income claims Private individuals Real estate management Retail, hotels, restaurants Construction Manufacturing Transportation Forestry and agriculture Other service businesses Other corporate lending Municipalities* Lending Credit institutions incl. National Debt Office Repurchase agreements - Credit institutions incl. National Debt Office Repurchase agreements - public Total lending to credit institutions and the public * Not including municipal companies Of which Credit exposure % of credit March 31, 25 SEK M, book value Loans Derivatives Investments Guarantees Other Total total institutions Sweden OECD countries* of which Denmark of which Norway Baltic region Russia Latin America of which Brazil Japan Rest of East Asia of which South Korea of which China Other countries Total * Excluding Sweden, Japan, Hungary, Mexico, Poland, Turkey, Slovakia, South Korea and the Czech Republic. 18

19 14. Asset quality Loan losses, quarterly trends SEK M Q1 5 Q4 4 Q3 4 Q2 4 Q1 4 Q4 3 Q3 3 Q2 3 Loan losses, the Group Provisions Established Recoveries Change in value of property taken over 2-1 Total Loan losses by Group unit FöreningsSparbanken AB Spintab FI-Holding Hansabank Others Total Loan losses by sector Households Real estate management Retail, hotel, restaurants Construction Manufacturing Transportation Forestry and agriculture Other service businesses Other business lending Other Total Doubtful claims by Group unit Mar 31 Dec 31 Sep 3 Jun 3 Mar 31 Dec 31 Sep 3 Jun 3 SEK M Doubtful claims gross FöreningsSparbanken AB Spintab FöreningsSparbanken Finans FI-Holding Hansabank Other Total Doubtful claims provisions FöreningsSparbanken AB Spintab FöreningsSparbanken Finans FI-Holding Hansabank Other Total Doubtful claims net by Group unit FöreningsSparbanken AB Spintab FöreningsSparbanken Finans FI-Holding Hansabank Other Total

20 15. Structure Group's operational structure BOARD OF DIRECTORS Internal Audit PRESIDENT AND CEO Swedish Retail Operations Swedbank Markets Asset Management and Insurance Shared Services and Group Staffs International Banking Northern Region Stockholm Region Central Region Western Region Southeastern Region Öresund Region Telephone- and Internet bank Savings bank alliance -partly owned banks Customer Offerings and Products Spintab Kundinkasso EnterCard FSB Finans FSB Fastighetsbyrå FSB Företagsförmedling FSB Juristbyrå Swedbank Luxemburg Swedbank Markets -Merchant Banking -Investment Banking Robur -Robur Funds -Robur Asset Management -Robur Insurance Shared Services Administrative support -IT Services -IT Development Group Staffs Treasury Hansabank Group -Estonia -Latvia -Lithuania -Russia International banking staff Group's legal structure FöreningsSparbanken AB AB Spintab Robur AB FSB Finans AB EnterCard AS Swedbank Luxemburg S.A. Sparia Försäkrings AB Kundinkasso AB K.I.A.B. FSB Juristbyrå AB FSB Fastighetsbyrå AB FSB Jordbrukskredit Robur Försäkring AB Robur Kapitalförvaltning AB Robur Fondholding AB Allround AB (67%) FSB Öland AB ( 6% ) AS Hansabank ( 88,9% ) Eskilstuna Rekarne Sparbank AB ( 5% ) Babs Paylink AB (49%) Bergslagens Sparbank AB (48%) FSB Sjuhärad AB (47,5%) FSB Söderhamn AB ( 4% ) Vimmerby Sparbank AB (4%) First Securities (33,3%) Färs och Frosta Sparbank AB ( 3% ) BGC-Holding AB (29,2%) Finansiell ID-Teknik AB (28,3%) DocHotel i Stockholm AB (25%) VPC AB (19,8%) 2

21 15. Structure Executive Management Jan Lidén, President and CEO. Jan Alexandersson, Head of Telephone- and Internetbanks Gith Bengtsson, Union representative. Christer Cragnell, CIO. Anders Ek, EVP, Head of International Banking. Catrin Fransson, EVP, Regional Manager for North. Lennart Haglund, EVP, Regional Manager for Öresund. Kjell Hedman, EVP, Head of Customer Offerings and Products. Britt Henriksson, EVP, Regional Manager for Southeast. Mikael Inglander, EVP, Regional Manager for Stockholm. Henrik Kolga, Head of Communications. Bengt-Erik Lindgren, EVP, Regional Manager for Mid. Lars Lundqvist, CCO. Ingrid Persson, EVP, Head of Swedish savings bank cooperation. Fredrik Runnquist, Head of Shared services and Head of IT. Peter Rydell, EVP, Regional Manager for West. Göran Theodorsson, EVP, Head of Human Resources and skills development. Acting Head of Group staff units. Annika Wijkström, EVP, Head of Swedbank Markets. Credit limit structure Board of directors Unlimited Central headquarters Board credit- and capital committee Approx. SEK 6 bn Central credit committee SEK 15/5 M Local bank Local board SEK 1/2/3/4 M Depending on size of bank Local delegation SEK 7.5/15/2/3 M Two officers jointly SEK.25/3/5 M 21

22 16. Owners and shares Shareholders, March 31, 25 % Ownership structure March 31, 25 (December 31, 24) Savings banks foundations 2.9 Independent savings banks 8.2 Alecta 4.7 Robur funds 3.5 AMF Pension 3.1 AFA Insurance 2.4 SHB/SPP Funds 2.4 FöreningsSparbanken profit-sharing funds 1.9 Fourth National Pension Fund Farmers' cooperatives International investors 16.9 Other Swedish Institutions 21.3 Swedish general public 11.4 Total 1. Swedish institutional investors, 42.6% (42.4) Independent savings banks, 8.2% (8,1) Swedish general public, 11.4% (11.4) International investors, 16.9% (17.2) Savings banks foundations, 2.9% (2.9) Number of shareholders: Number of shares: Number of shares outstanding: Repurchased shares Source: DN Ägarservice and FöreningsSparbanken Data per share Mar 31 Mar 31 Dec 31 Dec 31 Dec 31 SEK Earnings Equity Dividend Price, end of period Yield, % Price/Equity, % Changes in subscribed capital Year Transaction Par value/ Price, % Added/repurchased Accumulated no. of Share capital share no. of shares shares outstanding SEK M New issue New issue New issue Split 5: New issue Split 1: New issue New issue/ reduction 1 65/ Bonus issue New issue New issue Bonus issue Share repurchase

23 For further information, please contact: Jan Lidén, President and CEO Henrik Kolga, Head of Communications Jonas Blomberg, Head of Investor Relations Tobias Norrby, Investor Relations Lina Sjöström, Investor Relations Investor Relations, fax address: Investor Relations on the Internet: This presentation can be downloaded/accessed from FöreningsSparbanken s web-site. Investor Relations section is found on: Postal address: Visitors address: FöreningsSparbanken Brunkebergstorg 8 S Stockholm, Sweden Stockholm, Sweden Financial Calendar - preliminary release dates: Interim report second quarter 25 August 18, 25 Interim report third quarter 25 October 27, 25 Rating March 25 Standard & Poor's Moody s Fitch R/I Short Long Short Long BFSR* Short Long Long FöreningsSparbanken A1 A P1 Aa3 B F1 A+ AA- Spintab A1 - P1 Aa3 - F1+ AA- - Hansabank - - P1 A1 C F1 A - * Bank Financial Strength Ratings 23