• Startpage
• 2007 in brief
• This is Swedbank
• Letter from the Chair
• President's statement
• Vision and strategy
• Market shares Sweden
• Market shares Baltic region
• Five-year summary
• Business areas
• Employees
• Sustainable development
• The share and owners
• Board of Directors' report
• Board of Directors and Group Executive Management
• Corporate governance report
• Distribution of earnings
• Annual General Meeting

• Addresses
• Contacts
• Definitions

Distribution of earnings

Statement by the Board of Directors on the proposed dividend

Swedbank’s Board of Directors recommends that the Annual General Meeting approve a cash dividend of SEK 9.00 per share. This corresponds to a total dividend of SEK 4,638m and a payout ratio of 39 percent. The objective is to maintain a dividend corresponding to around 40 percent of profit for the year excluding one-offs. The size of the annual dividend is based on the last dividend and is determined with reference to expected profit trends, the capital considered necessary to develop operations and the market’s required return. Furthermore, the statutory capital adequacy requirements must be met.

The Board of Directors believes that the dividend proposal is well-founded in the light of the above. Swedbank’s capitalization, even after the proposed dividend, is expected to be satisfactory and well suited to the requirements that the nature, scope and risks of the business impose on the size of the bank’s equity and the group’s consolidation requirements, liquidity and financial position in general.

30 April, 2008 is proposed as the record day for the right to a dividend for 2007. The last day for trading in Swedbank’s shares with the right to a dividend is 25 April, 2008. If the Annual General Meeting adopts the resolution in accordance with the proposal by the Board of Directors, the cash dividend is expected to be paid out through VPC on 6 May, 2008.

Stockholm, 13 February, 2008

The Board of Directors