Swedbank
mortgage loans, corporate banking, merchant processing services | |
Revenue | US$ 7.17 billion (2019) |
---|---|
US$ 1.54 billion (end 2011) | |
US$ 2.28 billion (2016) | |
Total assets | US$ 376.01 Billion (2019) |
Total equity | US$ 98.133 billion (2011) |
Number of employees | 15,614 (FTE, 2019) |
Subsidiaries | Swedbank Estonia, Swedbank Latvia and Swedbank Lithuania |
Website | www.swedbank.com |
Swedbank AB (Swedish pronunciation:
History
The first Swedish savings bank was founded in
On 8 September 2006, Föreningssparbanken AB changed its name to Swedbank AB. The name change took place in the afternoon local time, after the Swedish Companies Registration Office registered the changes in the company's articles of association. On the same date, the subsidiary AB Spintab changed its name to Swedbank Hypotek AB ("Swedbank Mortgage AB") and FöreningsSparbanken Jordbrukskredit AB changed its name to Swedbank Jordbrukskredit AB ("Swedbank Agricultural Credit AB"). Other subsidiaries will change their names at later dates.
In 2013 Swedbank closed its operations in Russia and sold its Ukrainian subsidiary.[4]
In 2019 Swedbank had 900,000 private and 130,000 corporate clients and a 60% market share of Estonia’s payments.[5]
Headquarters
The current Swedbank Headquarters was inaugurated in 2014 in Sundbyberg Municipality . The building was designed by 3XN.[6]
Organisation
In 2023 Swedbank had 7.2 million retail customers and 555,000 corporate customers in Sweden, Estonia, Latvia, and Lithuania.[7] The group has 226 branches in Sweden and in the Baltic countries.[7] It also maintains a presence in Copenhagen, Helsinki, New York City, Oslo, Shanghai and Johannesbourg.
Swedbank has close cooperation with about 60 local, but still independent, savings banks who chose not to join during the 1992 merger. These banks use FSB logos and customers have the same access to independent banks and branches belonging to FSB. Two relatively large independent savings banks, including the one in
Together with the independent savings banks, Swedbank has branches all over Sweden. The bank has more than 16,000 employees across its operations in Sweden and abroad.[7] Jens Henriksson is president and CEO, while former Swedish Prime Minister Göran Persson is chairman.
Market position
Swedbank is one of the primary banks in Sweden, together with
Swedbank Latvia is the largest bank in both Estonia and Latvia.[8]
Regulatory issues
Money laundering
On 20 February 2019 Swedish broadcaster
Sanction breaches
Swedbank Latvia AS was charged by
Patron of the University of Latvia
Swedbank is a gold patron of the University of Latvia Foundation. Cooperation and support has been received from Swedbank since 2005 to promote the development of education in Latvia by donating to student events and activities. Major projects - Open Mind Research Fellowships 2007/2008. and 2008/2009. as well as annual support for the LU student festival "Aristotelis".[13]
References
- ^ "SWED A, Swedbank A, (SE0000242455)". Nasdaq. Retrieved 20 January 2024.
- ^ "Hur uttalar ni Sweddbank?". FamiljeLiv.se (in Swedish). 3 August 2008. Retrieved 30 August 2018.
- ^ "Company Profile for Swedbank AB (SWEDA)". Bloomberg. Retrieved 1 November 2012.
- ^ "Important events in Swedbank's history". Retrieved 30 August 2023.
- ^ a b Swedbank chief sacked amid money laundering scandal Guardian 28.3.2019
- ^ "45,000 sq m HQ opens in Stockholm". World Architecture News. Retrieved 10 December 2017.
- ^ a b c "Quick facts about Swedbank".
- ^ "Swedbank in Estonia". Retrieved 30 August 2023.
- ^ "Estonia investigates alleged Swedbank link to money laundering scandal". Reuters. 20 February 2019 – via www.reuters.com.
- ^ CNBC (20 February 2019). "Swedbank linked to Baltic money laundering scandal, Swedish TV says". www.cnbc.com. Retrieved 22 February 2019.
- ^ "Swedbank failings on €37bn of transactions revealed in report". Financial Times. 23 March 2020. Retrieved 6 April 2020.
- ^ "OFAC Settles with Swedbank Latvia for $3,430,900 Related to Apparent Violations of Sanctions on Crimea". 20 June 2023.
- ^ "AS "Swedbank"".
External links
Media related to Swedbank at Wikimedia Commons