Swedbank AB

 (2.8; 4 ratings)
2.8 4

Business Focus

universal banking

Swedbank has its roots in the Swedish savings bank movement, which dates back to 1820. Sweden’s savings banks were founded to help people achieve a higher standard of living and greater security through financial planning. Swedbank AB was founded through a merger of several local savings banks in 1992. Swedbank AB is a full-service universal bank offering retail and corporate banking products and services to private individuals and companies. Swedbank AB also coordinates Sweden’s savings banks technical solutions and the provision of a common range of products and services.

Services

retail banking
private banking
business banking

Products

current accounts
debit cards
credit cards
savings accounts
investment funds
mortgage loans
consumer loans

Card Providers

MasterCard

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

See Also

Common Shares

Listed Entity
Swedbank AB
ISIN
SE0000242455
Stock Exchange
Nasdaq StockholmNasdaq Stockholm (XSTO)
Ticker
SWED A

See Also

Financials

Total Assets of Swedbank AB
Total Assets (2019)
1,421.91 bln SEK  (+5.75%)
Number of Employees (2019)
8,543  (+0.34%)

Swedbank AB is the 3rd largest bank in Sweden in terms of total assets. In 2019 its total assets were 1 421,91 bln SEK. Swedbank AB had 8 543 employees in 2019.

Credit Ratings

Fitch: A+
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: Aa3
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Swedbank AB is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).

Deposit Guarantee

Guarantee Fund
Swedish National Debt Office (SNDO)Swedish National Debt Office (SNDO)
Protected Amount
up to 950,000 SEK
Eligible Depositors
private individuals
legal entities
Covered Accounts
deposits in all types of accounts

Swedbank AB participates in the deposit guarantee scheme of Sweden. This deposit guarantee scheme applies to deposits in all types of accounts made by private individuals, legal entities and covers up to up to 950,000 SEK per bank per depositor. Swedbank AB is a member of Swedish National Debt Office (SNDO) and makes its contributions into it.

Head of Group

 Swedbank (Sweden)

Swedbank AB is a member of Swedbank (Sweden).

Contacts

Landsvägen 40, 172 63, Sundbyberg, Sweden
08-5859 00 00

Swedbank AB is headquartered in Sundbyberg.

Bank Identifiers

BIC (SWIFT)
SWEDSESSXXX
LEI
M312WZV08Y7LYUC71685
Company Number
502017-7753
MFI ID
SE5020177753

Bank Supervision

Supervised By
Financial Supervisory Authority

Swedbank AB is authorized and supervised by the Financial Supervisory Authority.

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See Also

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