Swedbank AB (Swedish Pronunciation: Üsv
History
Baæk, Üsv
D () Bæk, Üswd () Bæk) Is A Nordic-Baltic Banking Group Based In Stockholm, Sweden, Providing Retail Banking, Asset Management, Financial And Other Services. Swedbank Has A Leading Presence In Estonia And A Strong Presence In Latvia And Lithuania.History
Sweden's First Savings Bank Was Established In Gothenburg In 1820. In 1992, A Number Of Local Savings Banks Merged To Form Sparbanken Sverige (the "Swedish Savings Bank"). In 1995, The Bank Was Listed On The Stockholm Stock Exchange And Merged With Föreningsbanken In 1997 To Form FöreningsSparbanken (abbreviated As FSB). During The Global Financial Crisis Of The Late 2000s, Swedbank Received Government Assistance After Suffering Losses Due To Lending To The Neighbouring Baltic Economies.
On September 8, 2006, Föreningssparbanken AB Was Renamed Swedbank AB. The Name Change Took Place In The Afternoon Local Time When The Swedish Companies Registry Registered The Change In The Articles Of Incorporation. On The Same Day, Subsidiary AB Spintab Was Renamed Swedbank Hypotek AB ("Swedbank Mortgage AB") And Föreningsparbanken Jordbrukskredit AB Was Renamed Swedbank Jordbrukskredit AB ("Swedbank Agricultural Credit AB"). Other Subsidiaries Will Change Their Names At A Later Date.
In 2013, Swedbank Closed Its Operations In Russia And Sold Its Ukrainian Subsidiary.
With 900,000 Private Customers And 130,000 Corporate Customers In 2019, Swedbank Has A 60% Market Share In Payments In Estonia.
Headquarters
The Current Swedbank Headquarters Was Inaugurated In The City Of Sundbiberg In 2014. The Building Was Designed By 3XN.
Organization
Swedbank Logo Above The ATM In Karlskrona.
Swedbank In Vilnius CBD, Lithuania
Swedbank In Vilnius CBD, Lithuania
Swedbank Logo (1997 - 2006). FöreningsSparbanken Was Formed In 1997 By The Merger Of Sparbanken And Föreningsbanken. The Unusual Company Name And Logo Is A Compromise Of The Merger Of Two Different Corporate Cultures.
Swedbank Has 7.20 Million Retail Customers And 555,000 Corporate Customers In Sweden, Estonia, Latvia And Lithuania In 2023. The Group Has 226 Branches In Sweden And The Baltic Countries. It Also Has Offices In Copenhagen, Helsinki, New York, Oslo, Shanghai And Johannesburg.
Swedbank Works Closely With About 60 Local, But Still Independent, Savings Banks That Chose Not To Join During The Merger In 1992. These Banks Use The FSB Logo, And Customers Have Equal Access To Independent Banks And Branches That Belong To The FSB. Two Relatively Large Independent Savings Banks, Including One In Skåne, Have Chosen Not To Work With Swedbank And Continue To Use The Logo That Sparbanken Used Prior To Its Merger With Föreningsbanken.
Swedbank, Together With Independent Savings Banks, Has Branches Throughout Sweden. The Bank Has More Than 16,000 Employees In Sweden And Abroad. Jens Henriksson Serves As President And CEO, And Former Swedish Prime Minister Göran Persson Serves As Chairperson.
Market Position
Swedbank Is One Of The Leading Banks In Sweden, Along With Nordea, Handelsbanken And SEB. In 2001, The Merger Of Swedbank (then FSB) With SEB Failed Because The European Union Considered The Combined Company To Be Too Dominant In The Swedbank Market. Today, Swedbank Has 7 Million Private Clients And 555,000 Corporate Clients.
Swedbank Latvia Is The Largest Bank In Estonia And Latvia.
