Swedbank AB

Swedbank office in Riga, Latvia

Swedbank (formerly called FöreningsSparbanken) is one of the largest banks in Sweden, Estonia, Latvia and Lithuania. It serves mainly private individuals as well as small and medium-sized companies. The Group serves about 10 million retail and corporate clients in 13 countries and has more than 330 branches in Sweden and over 220 branches in the Baltic countries. It is also represented in Denmark, Finland, Norway, Russia, Luxembourg, Ukraine, USA and China. Swedbank has two classes of shares: common shares (A shares) and preference shares. Swedbank’s A shares have been listed on NASDAQ OMX Stockholm’s Large Cap segment since 1995. At the end of 2010 Swedbank had 333145 shareholders, 91.5% of whom had holdings of 1000 shares or less. Just under 0.1% of the shareholders owned slightly over 80% of the company. Swedbank’s largest shareholder was an ownership group consisting of Folksam, KPA and Forenade. International ownership in Swedbank increased during the year and now accounts for 34.2%, of which the US and the UK represent the largest interests at 11.9 and 9.8%, respectively.

Swedbank’s history
1820 - The first Swedish savings bank was founded in Gothenburg.
1915 - The first Swedish agricultural cooperative bank was founded in Stockholm.
1942 - Sparbankernas Bank (The Savings Banks’ Bank) was established as the various savings banks’ central bank.
1958 - Jordbrukets Bank (The Bank of Agriculture) was established as the farming cooperative credit societies’ central bank.
1991 - 12 regional agricultural cooperative banks merged to form Föreningsbanken (Union Bank).
1991 - Hansabank was founded in Estonia.
1992 - The merger of 11 regional savings banks formed Sparbanken Sverige.
1994 - Föreningsbanken was listed on the Stockholm Stock Exchange.
1995 - Sparbanken Sverige shares were listed on the Stockholm Stock Exchange.
1995 - Hansabank commenced operations in Latvia.
1996 - Hansabank acquired 100 percent of Deutsche-Lettische Bank in Latvia.
1996 - Hansabank commenced operations in Lithuania.
1997 - FöreningsSparbanken was formed through the merger of Sparbanken Sverige and Föreningsbanken.
1997 - Hansabank acquired a stake in Hoiupank.
1999 - Swedbank acquired more than 50 percent of Hansabank.
2002 - Hansabank commenced operations in Russia.
2004 - Hansabank acquired Kvest bank in Moscow.
2005 - Swedbank acquired 100 percent of Hansabank.
2006 - The Annual General Meeting decides to change the bank’s name to Swedbank.
2007 - Swedbank enters Ukraine through the acquisition of TAS-Kommerzbank (TAS).

 Key Statistics

Head office address:
Brunkebergstorg 8
Stockholm SE-10534
Sweden
Phone: +46-8-585 900 00
Fax: +46-8-796 80 92
Swift code: SWEDSESS
Website: www.swedbank.se

Swedbank International branches