Profile: Swedbank AB (SWDBY.PK)
21 Feb 2017
Swedbank AB, incorporated in 1997, is a savings bank. The Company's segments include Swedish Banking, Baltic Banking, Large Corporates & Institutions, and Group Functions & Other. The Company's Swedish Banking segment offers services through its own branch network, the Telephone Bank, the Internet Bank and the distribution network of the independent savings banks. The Company's Baltic Banking segment offers services through its own branch network, the Telephone Bank and the Internet Bank. The Company's Large Corporates & Institutions segment provides companies, financial institutions and banks with financing solutions and financial services. The Company's Group Functions & Other comprises group functions, such as group products, group information technology (IT), accounting and finance (including group treasury), risk, compliance, corporate affairs, human resources (HR) and legal. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company also has operations in Norway, Finland, Denmark, the United States, China, Luxembourg and South Africa.
The Company's principal product areas are Financing, Savings & Investments, Payments & Cards, Trading & Capital Market Products, and Other. Its Financing product offers private residential lending, consumer financing, corporate lending, leasing and other financing products. Its Savings & Investments product offers savings accounts, mutual funds and insurance savings, pension savings, institutional asset management, and other savings and investment products. Its Payments & Cards product offers current accounts (including cash management), cash handling, domestic payments, international payments, mobile payments, document payments, debit cards, credit cards (including EnterCard), card acquiring and other payment products. Its Trading & Capital Market Products include equity trading, structured products, corporate finance, custody services, fixed income trading, currency trading and other capital market products. Its Other product offers administrative services, treasury operations, Ektornet, real estate brokerage, real estate management, legal services, safe deposit boxes and other.
The Company's Swedish Banking segment includes a number of subsidiaries, as well as the retail operations in branch offices in Denmark and Luxembourg. It serves its customers through its digital channels and has approximately 280 branches and the cooperation with savings banks and real estate franchisees.
The Company's Baltic Banking segment operates in Estonia, Latvia and Lithuania. It serves its customers through its digital channels and has approximately 40 branches in Estonia, approximately 40 in Latvia and approximately 70 in Lithuania.
Large Corporates & Institutions
The Company's Large Corporates & Institutions segment provides trading and capital market products. It has operations in Sweden, branch offices in Norway, Finland, the United States and China. It has trading and capital market operations in subsidiary banks in Estonia, Latvia and Lithuania. It develops corporate and capital market products for the rest of the bank and the Swedish savings banks, which are offered a range of products.
SUNDBYBERG 172 63
Company Web Links
- BRIEF-Swedbank says not to claim for damages against former CEO, former chairman
- BRIEF-Swedbank proposes four new board members
- UPDATE 1-Swedbank delivers on profit forecast, to hike dividend
- BRIEF-Swedbank CEO: "not probable" with any fin. impact from Panama probe
- Swedbank proposes raised dividend, Q4 profit just beats forecast