Swedbank is a premier Swedish bank offering its services to nearly half a million corporate customers, and about 9 million retail customers. This ISO 14001 banks aims at providing the most viable financial solutions to all its customers. Set up in 1820, Stockholm Swedbank till September 2007 had an asset worth of Swedish Krone 1575 billion (Swedish Krone = SEK). Swedbank of Stockholm operates through 959 branches.
Swedbank Facts
Swedbank was set up in Gothenburg in 1820 as the first savings bank of Sweden. This SEK 1600 billion bank has 959 commercial branches comprising 465 branches in Sweden, 300 branches in the Baltic region, and 194 branches in other international locations. The other relevant facts are:
- 870 ATMs in Sweden, 1159 ATMs in Baltic region of Europe, and 148 ATMs elsewhere
- Operating profit of SEK 11,476 million
- Fund assets amounting to SEK 415 billion
- Total lending to public of SEK 1043 billion
- 19% return on equity
- 2.3 million Internet banking customers in Sweden and 2.3 million Internet banking customers in Baltic area.
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Swedbank Services
Swedbank Services can be classified into Corporate and Retail Services. This leading Swedish bank has nearly half a million corporate clients, and over 9 million individual customers.
- Swedbank Corporate Services - Swedbank Corporate Services include Trade Finance, Global Transaction Services, Capital Market Services, Custody, and Relationship Management.
- Swedbank Retail Services - Retail banking includes Asset Management, Term Deposits, Savings Accounts, Investment Advice, Financial Planning, Ownership of Assets, Loans, Card services
Other services offered by the bank are:
- SEPA (Single Euro Payments Area) which enables customers to transact in Euro
- MiFID (Markets in Financial Instruments Directive) which allows smooth share trading across European Union securities markets.
Swedbank has its head office located in 8, Brunkebergstorg, Stockholm 105 34.
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