"The opening of our Shanghai branch will considerably strengthen our customer offering in China and build on our already strong relationships with our corporate clients doing business in the country," said Jan Lidén, President and CEO at Swedbank. This expansion demonstrates our confidence in the future of China as an increasingly important market for our customers. With solid competence in Chinese banking practices, an exceptional network within the Chinese financial sector and an outstanding comprehension of how to do business in China, we aim for service leadership also in this market.”

Liu Zhimei is General Manager of the new branch in Shanghai. She has more than 18 years of experience from working in the Chinese banking sector. Liu Zhimei joined Swedbank in 2000 as Chief Representative of Swedbank Shanghai Representative Office, see photo of Liu Zhimei attached.

In January 2001, Swedbank was the first Nordic bank to open a representative office in Shanghai, the financial and commercial centre of the People's Republic of China. With the establishment of a branch, Swedbank significantly expands its services in China.

For further information:

Annika Wijkström, EVP and Head of Swedbank Markets, phone: +46 8 585 913 97

Magnus Francke, Head of Foreign Units, Swedbank Markets, phone: +46 8 585 91210

Liu Zhimei, General Manager, Swedbank Shanghai Branch, phone: +86 21 5830 2302