Company Overview of Swedbank AS
Swedbank AS provides various banking and financial services for individuals, corporate customers, and organizations primarily in Estonia. It provides deposit products, such as term and savings deposits, correspondent accounts, overnight deposits, and investment deposits; loan and leasing products, including home loans and home equity loans, small loans, student loans, credit line, overdrafts, revolving credit lines, short term loans, loans against suretyship, investment loans, apartment building loans, car leasing and loans, and equipment leasing services; credit and debit cards; and pension products. The company also offers trade finance services, including factoring, guarantee, letters of ...
Founded in 1991
Key Executives for Swedbank AS
Chief Financial Officer and Member of the Board
Head of Credit & Operational Risk Division and Member of the Board
Head of Customer Service Division and Member of the Board
Head of Corporate Banking Division and Member of the Board
Head of Private Customer Division and Member of the Board
Compensation as of Fiscal Year 2017.
Swedbank AS Key Developments
Swedbank Estonia Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2016
Feb 2 17
Swedbank Estonia announced earnings results for the fourth quarter and year ended December 31, 2016. In the final quarter of 2016, revenues of the bank grew 3% year over year to EUR 80.3 million, whereas net profit contracted 4% to EUR 44.2 million. The company's profit was EUR 44.2 million, compared to EUR 39.5 million for the same quarter ended December 31, 2015. Net interest income for the fourth quarter ended December 31, 2016 was EUR 51.3 million, compared to EUR 48.6 million for the same quarter ended December 31, 2015.
The company earned a profit of EUR 175 million in 2016, EUR 115.8 million more than in 2015. The result for 2015 was affected by an extraordinary dividend payout and income tax paid on the dividend. Revenue grew 6% year over year to EUR 309 million, whereas expenses increased only 2% to EUR 103.6 million. Net interest income for the year ended December 31, 2016 was EUR 200.7 million, compared to EUR 183.9 million for the year ended December 31, 2015.
Baltic Horizon Signs Market Maker Services Agreement with Swedbank and Orion Securities
Aug 11 16
Baltic Horizon, a newly listed commercial real estate investment fund investing in Baltic real estate, has signed the market-making agreement with both Swedbank AS and Orion Securities UAB, which have undertaken to act as market makers for the fund units to enhance the fund’s liquidity. Under the agreements, both Swedbank AS and Orion Securities will provide liquidity on both bid and ask sides for Baltic Horizon units for at least 85% of the trading time on Nasdaq Tallinn stock exchange whereby increasing market depth. Market making service is commencing during the period of 10-12 August 2016.
Swedbank Estonia Reports Earnings Results for the First Quarter 2016
Apr 26 16
Swedbank Estonia reported earnings results for the first quarter 2016. For the quarter, the company’s profit amounted to EUR 45.5 million, an increase of 23% compared with first quarter 2015. The increase is driven by income growth, smaller expenses and net recoveries. Net interest income increased by 12% compared to first quarter 2015 supported by increased volumes. Net commission income increased by 4% compared to first quarter 2015.
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