Company Overview of Swedbank AS
Swedbank AS provides various banking and financial services to private, corporate, and organizational customers primarily in Estonia. It provides deposit products, such as term, savings, overnight, and investment deposits; loan and leasing products, including home loan and home equity loans, small loans, student loans, overdrafts, revolving credit lines, short term loans, loan against suretyship, investment loans, technology loans, car leasing, commercial vehicles leasing, equipment leasing, and full service heavy machinery leasing; credit and debit cards; and pension products. The company also offers trade finance services, including factoring, guarantee, letter of credits, documentary coll...
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 2016.
Swedbank AS Key Developments
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.
Swedbank Announces Earnings Results for the Nine Months Ended September 2015
Oct 20 15
Swedbank announced earnings results for the nine months ended September 2015. For the nine months, the company profit of EUR 19.8 million, 83% less than in the same period of 2014, as a result of bigger tax expenses connected to an extraordinary dividend payment made in the second quarter. Net interest income declined 0.2% in annual comparison mainly due to low interest rates. Compared with the previous quarter, interest income increased by 3.7%, supported by higher lending volumes and a longer quarter. Net commission income increased by 5.9% compared with the first nine months of 2014, driven by strong customer activity. Compared with the previous quarter, net commission income increased by 4.4%.
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