Swedbank AS

Swedbank AS is a universal bank offering retail and corporate banking products and services to private individuals and companies.

Financials

Total Assets (2017)
9 963.79 mln EUR  (+2.55%)
Net Income (2017)
191.19 mln EUR  (-9.92%)

Swedbank AS is the 1st largest bank in Estonia in terms of total assets. In 2017 its total assets were 9 963,79 mln EUR, providing the bank with the market share of 39.43%. In 2017 the bank's net income was 191,19 mln EUR.

Swedbank AS participates in deposit guarantee scheme of Estonia. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Member of Group

 Swedbank (Sweden)

Swedbank AS is a member of Swedbank (Sweden).

Contacts

Liivalaia tn 8, 15040, Tallinn, Estonia
+372 631 0310
+372 631 0410

Swedbank AS is headquartered in Tallinn.

Bank Identifiers

BIC (SWIFT)
HABAEE2X
MFI ID
EE10060701
Company Number
10060701

Financial Positions

Total Assets (2017)
9 963.79 mln EUR  (+2.55%)
Total Equity (2017)
1 703.60 mln EUR  (+4.69%)

In 2017 total assets of Swedbank AS were 9 963.79 mln EUR. Growth compared to the previous period (2016) was 2.55%. The evolution of the total assets of Swedbank AS is shown at Chart 1 below.

Total Assets of Swedbank AS.

Chart 1. Total Assets of Swedbank AS.

Recent changes in total assets of Swedbank AS and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 2 353.7 2 150.4 -8.64%
Loans 6 836.3 7 252.9 +6.09%
Total Assets 9 716.3 9 963.8 +2.55%
Table 1. Recent changes in total assets of Swedbank AS (mln EUR).

Recent changes in total liabilities of Swedbank AS and its main components are shown in Table 2.

2016 2017 % change
Deposits 7 971.9 8 139.7 +2.11%
Total Liabilities 9 716.3 9 963.8 +2.55%
Table 2. Recent changes in total liabilities of Swedbank AS (mln EUR).

Profit and Loss

Net Income (2017)
191.19 mln EUR  (-9.92%)

Recent changes in gross profit of Swedbank AS and its main components are shown in Table 3.

2016 2017 % change
Interest Income 203.5 206.4 +1.43%
Interest Charges -29.3 -28.0 -4.40%
Commission Income 100.1 105.9 +5.74%
Commission Charges -23.8 -27.5 +15.52%
Table 3. Recent changes in gross profit of Swedbank AS (mln EUR).

In 2017 net income of Swedbank AS was 191.19 mln EUR. Decline compared to the previous period (2016) was -9.92%. The evolution of the net income of Swedbank AS is shown at Chart 2 below.

Net Income of Swedbank AS.

Chart 2. Net Income of Swedbank AS.

Market Share and Rank (among banks in Estonia)

Total Assets (2017)
1st (market share 39.43%)
Loans (2017)
1st (market share 39.19%)
Deposits (2017)
1st (market share 38.02%)

In 2017 Swedbank AS was ranked the 1st largest bank in Estonia in terms of total assets, having 39.43% of the domestic market share.

Market share of Swedbank AS (among banks in Estonia)

Chart 3. Market share of Swedbank AS (among banks in Estonia)

Several banks having the market shares and ranks closest to Swedbank AS are shown below.

RankNameTotal AssetsMarket Share
1Swedbank AS9963.79 mln EUR39.43%
2AS SEB Pank5919.21 mln EUR23.42%
3Luminor Bank AS3579.19 mln EUR14.16%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Estonia are obliged to participate in Estonian deposit guarantee scheme.

In the case of Swedbank AS failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Swedbank AS and its components are shown in the table below.

BIC  HABAEE2X
Bank BIC Code  HABA
Country Code  EE (Estonia)
Location Code  2X
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Swedbank AS is shown in the table below.

MFI ID  EE10060701

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  10060701

Banking Products in Estonia