While many European banks grapple with downgrades, market instability and economic slowdown, it is easy to be negative and paint a gloomy picture. But although Swedish banks are not immune to the global downturn and have clearly experienced difficulties in their life insurance operations, their outlook is surprisingly different.
The ‘big four’ banks – Nordea Group, Svenska Handelsbanken, Skandinaviska Enskilda Banken (SEB) and FöreningsSparbanken (Swedbank) – remain profitable and are seen as a beacon of stability in a difficult period.
