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February 07, 2016 8:05 PM ET


Company Overview of Swedbank AS

Company Overview

Swedbank AS provides various banking products and services for retail and corporate customers, and small and medium sized companies in Latvia and internationally. The company offers retail banking products and services that include salary, securities, and escrow accounts; loans for purchases, traveling, education, home improvement, new home, purchasing a car, renovation of an apartment house, and implementing new ideas; domestic payments, international transfers, e-invoice automated payments, and standing orders; debit and credit cards; savings, pensions, and investment products; home, car, travel, life, mandatory motor third party liability, and credit card liability insurance products; and...

Balasta dambis 1a

Riga,  1048


1,484 Employees


371 67 024 555


371 67 444 400

Key Executives for Swedbank AS

Chairman of Management Board and Chief Executive Officer
Age: 41
Chief Financial Officer and Member of Management Board
Age: 44
Acting Head of Analysis and Planning
Acting Head of Administrative and Operating Management Support Sub Department
Acting Head of FM Accounting
Compensation as of Fiscal Year 2015.

Swedbank AS Key Developments

Swedbank Announces Earnings Results for 2015

Swedbank announced earnings results for 2015. For the period, the company generated €121 million in profit, which is by 7% more than in 2014. The profit increase has been due to higher credit recoveries. Net interest income decreased by 6% during the year, as low market interest rates put pressure on deposit margins, compared to the previous quarter, net interest income rose by 1%.

AS Swedbank Presents at 13th Annual Retail Banking Forum, Oct-14-2015 through Oct-15-2015

AS Swedbank Presents at 13th Annual Retail Banking Forum, Oct-14-2015 through Oct-15-2015. Venue: Imperial Riding School, Renaissance Vienna Hotel, Ungargasse 60, Vienna 1030, Austria. Presentation Date & Speakers: Oct-14-2015, girts berzin, Head of Baltic Channels Competence Centre, girts berzins, Head of Baltic Channels Competence Centre.

Swedbank AS (Latvia Branch) announces Swedbank' Fearnings Results or 2014

Swedbank AS (Latvia Branch) announced earnings results for 2014. For the period, the company generated €113 million in profit, which is by 12% more than in 2013. She explained the growth of profit up from €101 million in 2013 with improved recoveries. Group's preliminary profit in was €116.02 million, which is by 2.7% more than in 2013, and Swedbank's profit rose 2.7% to €115.898 million last year. net income in 2014 decreased by 4% year-on-year, mainly due to low market interest rates and reduced income from foreign exchange trading after the adoption of the euros. Net interest income decreased by 2% in 2014 and, in light of lower deposit rates, the drop in the fourth quarter was also 2%.

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