Länsförsäkringar Bank expands MTN program

9/26/2003 3:00 AM EST

In January, Länsförsäkringar Bank launched an MTN program for ongoing
borrowing on the Swedish capital market. Initially the MTN program had a
limit of SEK 3 billion. This limit is now being increased to SEK 7 billion.
New participant in the program is Danske Bank. Föreningssparbanken is the
Lead Arranger and the other participants in addition to Danske Bank and
Föreningssparbanken are Nordea, SEB and Handelsbanken.

-During the first half of this year, lending to the public increased
from SEK 19.9
billion to SEK 25.3 billion, which results in an increased borrowing
need. We
successfully launched activities during the year under the MTN program
and our
intention is to further increase these as a result of the expansion of
the limit, says
Anders Larsson, CFO at Länsförsäkringar Bank.

For additional information, contact:
Anders Borgcrantz, Exec. Vice President +46-8-588 412 51
Länsförsäkringar Bank +46-73 96 412 51
 
Anders Larsson, CFO +46-8-588 411 54
Länsförsäkringar Bank +46-73 96 411 54
 
Mikael Östlund, Vice President +46-8-588 410 94
Corporate Communications +46-70 55 31282