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September 04, 2015 11:20 AM ET

Banks

Company Overview of "Swedbank", AB

Company Overview

“Swedbank”, AB provides a range of banking services to private individuals and companies in Lithuania and internationally. It offers services for private customers comprising payment cards; electronic banking services; lending and leasing products, such as home loans and consumer loans; savings, investments, and insurance services, including pensions, child’s funds, life insurance, time deposit, saving bonds, investment deposits, investment accounts with tax benefit, and investment funds and fund portfolios; and financial derivative services. The company also provides services for corporate customers, such as payment cards; electronic banking services; loan and leasing products comprising in...

Konstitucijos av. 20 A

Vilnius,  03502

Lithuania

Founded in 1999

2,212 Employees

Phone:

370 5 268 4444

Fax:

370 5 258 2700

Key Executives for "Swedbank", AB

Chief Executive Officer and President
Age: 52
Deputy Chairperson of Board and Chief Financial Officer
Chief Executive Officer of Swedbank Group
Age: 66
Chairwoman of The Supervisory Council and Head of Baltic Banking
Age: 59
Deputy Chairman of Management Board, Deputy Head of Administration and Head of Credit & Operational Risk Lithuania
Compensation as of Fiscal Year 2015.

"Swedbank", AB Key Developments

Swedbank Lithuania Announces Earnings Results for the First Six Months of 2015

Swedbank Lithuania announced earnings results for the first six months of 2015. For the six months, the company’s profit for the first six months of 2015 amounted to EUR 36.2 million against EUR 56.4 million in the first six months of 2014. The decrease was mainly due to external factors, low interest rates and effects related to euro introduction. Net commissions decreased by 1% compared with the first half-year 2014. Higher customer activity increased commissions related to cards, asset management and lending. Revenues and costs net interest income decreased by 13% compared with the first half-year 2014. Low market interest rates pressured deposit margins.

Swedbank Lithuania Reports Earnings Results for the First Quarter Ended March 2015

Swedbank Lithuania reported earnings results for the first quarter ended March 2015. For the quarter, the company reported net profit of EUR 21 million against EUR 26 million for first quarter of 2014. The decrease was mainly due to external factors, e.g. low interest rates and effects related to euro introduction. Net interest income decreased by 10% year over year and reached EUR 24 million. The decrease was mainly due to the impact of low interest rates.

Swedbank Lithuania Reports Earnings Results for the Year 2014

Swedbank Lithuania reported earnings results for the year 2014. The company reported a net profit of EUR 108 million for the full year 2014, down 6% from EUR 115 million in 2013. The bank's total revenues rose EUR 21 million, or 11.1%, to EUR 211 million.

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