Swedbank
The successful implementation of Swedbank’s expansion plans internationally and the reinforcement of its domestic presence has increased profitability and its potential to grow.
The acquisition of the remaining outstanding 40% of the shares in Hansabank, the leading player in the Baltic region, has increased Swedbank group’s profitability. In its home market, Swedbank has launched initiatives to safeguard its leading position in the Swedish mortgage market, by reducing its mortgage prices, retaining and increasing its mortgage customer base and banking on cross-selling opportunities.
Chief executive Jan Lidéns says: “Swedbank has accomplished a fundamental but low-key transition in a short period of time from a Swedish savings bank with peripheral foreign investments to a leading Nordic-Baltic bank with a solid presence in all its four home markets. We have established a strong platform for continued growth in new markets as well as in customer segments and services.
“At the same time, Swedbank has outperformed its Nordic peers in terms of profitability and bottom-line growth, continuing to maintain its high asset quality and strengthening its credit and risk control to optimise the future potential and positive effects of Basel II.”
