Toms Siliņš, will be appointed to the position of Chief Financial Officer (CFO) of Baltic Banking from 1 July 2010 and Kristina Siimar will resign from position of Baltic CFO from 30 June 2010 to take up a new position as the Head of Efficiency Program in Group CFO Office starting 1 September 2010, located in Stockholm.

New CFO of Swedbank Latvia is from 1 July 2010 Ansis Grasmanis, current Head of Credit Management in Latvia.

Kristina Siimar has been working in Swedbank since 1994, from 2001 till now as a Baltic Banking CFO.

Håkan Berg has chosen the most experienced person from inside the organisation for this position, considering Toms’ long-term and excellent career as CFO Swedbank Latvia previously.

Håkan Berg said: “I welcome Toms to my team as the new CFO and I am confident that we will receive a very experienced and competent addition to the Baltic Banking management. This is a new and wider challenge for Kristina and I am sure she will enjoy it. I thank Kristina for her committed and long-lasting work for Baltic Banking and I am wishing Kristina, Toms and Ansis all the success in their respective new positions.“