• Financial analysis
• Economic development 2009
• Credit and asset quality
• Funding and liquidity
• Capital and capital adequacy
• Other events
• Proposed appropriation of profit or loss
• Financial goals
• Outlook for 2010
• Ratings
• Business areas
• Employees
• Salaries and incentives
• Sustainable development
• The share and owners
• The Group’s risks and risk control

Financial analysis

The effects of the global economic crisis are reflected in Swedbank’s full-year loss of SEK 10 511m. Costcutting and reduced risk exposure were priorities in 2009.

Swedbank consists of Swedbank AB (the Parent Company), its subsidiaries, associates and a joint venture. The Group structure, with the Parent Company and the principal wholly and partly owned entities, is shown in the diagram below. Holdings of shares in associates and Group entities are reported in Notes 31 and 32 to the balance sheet.

Swedbank is organised in six business areas: Swedish Banking, Baltic Banking, International Banking, Swedbank Markets, Asset Management and Ektornet. The business areas are supported by Shared Services and Group Staffs.

Graphs

Group structureGroup operational structure