Swedbank AS is a universal bank offering retail, private and corporate banking products and services to both private individuals and companies with the focus on private individuals and SMEs.
In 2017 total assets of Swedbank AS were 5 292,20 mln EUR. In 2017 the bank's net income was 94,37 mln EUR.
Swedbank AS participates in deposit guarantee scheme of Latvia. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Swedbank AS is a member of Swedbank (Sweden).
Swedbank AS is headquartered in Rīga.
|Total Assets (2017)|
|5 292.20 mln EUR (+0.53%)|
|Total Equity (2017)|
|748.85 mln EUR (+4.65%)|
In 2017 total assets of Swedbank AS were 5 292.20 mln EUR. Growth compared to the previous period (2016) was 0.53%. The evolution of the total assets of Swedbank AS is shown at Chart 1 below.
Chart 1. Total Assets of Swedbank AS.
Recent changes in total assets of Swedbank AS and its main components are shown in Table 1.
|Cash and deposits with Central Banks||1 445.8||1 677.0||+15.99%|
|Loans||3 249.5||3 171.0||-2.41%|
|Total Assets||5 264.1||5 292.2||+0.53%|
|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.
|Deposits from other clients||4 446.0||4 423.7||-0.50%|
|Total Liabilities||5 264.1||5 292.2||+0.53%|
|Table 2. Recent changes in total liabilities of Swedbank AS (mln EUR).|
|Net Income (2017)|
|94.37 mln EUR (+1.58%)|
Recent changes in gross profit of Swedbank AS and its main components are shown in Table 3.
|Table 3. Recent changes in gross profit of Swedbank AS (mln EUR).|
In 2017 net income of Swedbank AS was 94.37 mln EUR. Growth compared to the previous period (2016) was 1.58%. The evolution of the net income of Swedbank AS is shown at Chart 2 below.
Chart 2. Net Income of Swedbank AS.
|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 Latvia are obliged to participate in Latvian 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:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||deposits, current account balance, salary accounts, savings accounts etc.|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
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.
|Bank BIC Code||HABA|
|Country Code||LV (Latvia)|
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.