Swedbank AB is a full-service universal bank offering retail and corporate banking products and services to private individuals and companies.
In 2017 total assets of Swedbank AB were 1 316,39 bln SEK. Swedbank AB had 7 732 employees in 2017.
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 Aa2 (high grade).
Swedbank AB participates in deposit guarantee scheme of Sweden. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Swedbank AB is a member of Swedbank (Sweden).
Swedbank AB is headquartered in Stockholm.
|Total Assets (2017)|
|1 316.39 bln SEK (+1.72%)|
|Total Equity (2017)|
|87 177.00 mln SEK (+2.13%)|
In 2017 total assets of Swedbank AB were 1 316.39 bln SEK. Growth compared to the previous period (2016) was 1.72%. The evolution of the total assets of Swedbank AB is shown at Chart 1 below.
Chart 1. Total Assets of Swedbank AB.
Recent changes in total assets of Swedbank AB and its main components are shown in Table 1.
|Loans to customers||430.4||398.7||-7.37%|
|Total Assets||1 294.2||1 316.4||+1.72%|
|Table 1. Recent changes in total assets of Swedbank AB (bln SEK).|
Recent changes in total liabilities of Swedbank AB and its main components are shown in Table 2.
|Total Liabilities||1 294.2||1 316.4||+1.72%|
|Table 2. Recent changes in total liabilities of Swedbank AB (bln SEK).|
|Number of Employees (2017)|
|7 732 (-5.05%)|
In 2017 there were 7 732 employees of Swedbank AB. Decline compared to the previous period (2016) was -5.05%. The evolution of the number of employees of Swedbank AB is shown at Chart 2 below.
Chart 2. Number of Employees of Swedbank AB.
|A+ (high credit quality)||Aa2 (high grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Swedbank AB is rated by Fitch and Moody's.
Credit ratings assigned to Swedbank AB as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Swedbank AB it is set to A+ (high credit quality), outlook is positive (may be raised). The rating is not on watch. Short-term issuer default rating for Swedbank AB is set to F1 (highest short-term credit quality).
|Long-Term Issuer Default Rating||A+|
|Short-Term Issuer Default Rating||F1|
|Support Rating Floor||BBB-|
Viability rating for Swedbank AB is set to a+ (high fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is BBB- (good credit quality).
Long-term rating for Swedbank AB it is set to Aa2 (high grade). Long-term bank deposit rating is Aa2 (high grade). Baseline credit assessment is a3. Short-term rating is set to Baa3.
|Long-Term Bank Deposit Rating||Aa2|
|Baseline Credit Assessment||a3|
Outlook for the ratings of Swedbank AB is set to stable (not likely to change).
|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 Sweden are obliged to participate in Swedish deposit guarantee scheme.
In the case of Swedbank AB failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, companies and other legal entities|
|Covered Accounts||deposits in all types of accounts|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
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 AB is shown in the table below.
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.
In 2017 Swedbank AB had 218 branches in Sweden. Decline compared to the previous period (2016) was -12.10%. The evolution of the number of branches of Swedbank AB is shown at Chart 3 below.
Chart 3. Branches of Swedbank AB.