expand/collapse risk warning

Trading financial products on margin carries a high risk and is not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.

Loading...

Trade [[data.name]]

[[ data.name ]]

[[ data.ticker ]]

[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

Low: [[ data.low ]]

High: [[ data.high ]]

Overview

History

Regulatory Issues

Overview

History

Regulatory Issues

Swedbank AB, a Nordic-Baltic banking group headquartered in Stockholm, Sweden, provides a wide range of services including retail banking, asset management, and financial solutions. Known for its Swedish pronunciation, [ˈsvɛ̌d(ː)baŋk, ˈsvɛ̌d(ː)bæŋk, ˈswɛ̌d(ː)bæŋk], Swedbank holds a prominent position in Estonia and enjoys a strong presence in Latvia and Lithuania.

Swedbank, one of Sweden's largest financial institutions, traces its roots back to 1820 with the establishment of the first Swedish savings bank in Gothenburg. In 1992, several local savings banks merged to form Sparbanken Sverige, which went public on the Stockholm Stock Exchange in 1995.  A merger with Föreningsbanken in 1997 led to the creation of FöreningsSparbanken (FSB). 

During the global financial crisis of the late 2000s, Swedbank received government support due to losses incurred from loans extended to Baltic economies.  On September 8, 2006, Föreningssparbanken AB officially adopted the name Swedbank AB. The name change, which occurred in the afternoon local time, followed the registration of changes to the company's articles of association with the Swedish Companies Registration Office.  The same day, subsidiary AB Spintab was renamed Swedbank Hypotek AB (Swedbank Mortgage AB), and FöreningsSparbanken Jordbrukskredit AB became Swedbank Jordbrukskredit AB (Swedbank Agricultural Credit AB). Other subsidiaries were slated to adopt the new branding at later dates.

In 2013, Swedbank ceased operations in Russia and sold its Ukrainian subsidiary.  By 2019, Swedbank boasted 900,000 private and 130,000 corporate clients, holding a 60% market share of Estonia's payments market.

Headquarters

Swedbank's current headquarters, inaugurated in 2014, is located in Sundbyberg Municipality. The building, designed by 3XN, serves as a modern and prominent symbol for the bank.

Organizational Structure and Reach

Swedbank has established a strong presence in the Nordic region, boasting 7.2 million retail customers and 555,000 corporate clients across Sweden, Estonia, Latvia, and Lithuania. The bank operates 226 branches within Sweden and the Baltic countries, and maintains international offices in Copenhagen, Helsinki, New York City, Oslo, Shanghai, and Johannesburg.

Swedbank's history reflects a strategic merger between Sparbanken and Föreningsbanken in 1997, leading to the creation of FöreningsSparbanken. The unique name and logo were a result of blending two distinct corporate cultures.

While Swedbank is the primary entity, it also maintains close relationships with around 60 independent savings banks that opted out of the 1992 merger. These banks utilize the FSB logo and offer customers access to both independent banks and Swedbank branches. Notably, two significant independent savings banks, including one in Skåne, have chosen to remain independent and retain the original Sparbanken logo.

With its network of branches and independent partnerships, Swedbank enjoys a widespread presence across Sweden. The bank employs over 16,000 individuals worldwide. Jens Henriksson serves as president and CEO, while former Swedish Prime Minister Göran Persson holds the position of chairman.

Market Position and Significance

Swedbank is a major player in the Swedish banking sector, alongside Nordea, Handelsbanken, and SEB. In 2001, a proposed merger between Swedbank (then FSB) and SEB was blocked by the European Commission due to concerns about market dominance.

Today, Swedbank holds a significant position, serving 7 million private customers and 555,000 corporate clients. Notably, Swedbank Latvia holds the title of the largest bank in both Estonia and Latvia, further solidifying its regional importance.

In February 2019, Swedish broadcaster SVT revealed that Swedbank was under investigation for its alleged involvement in a money laundering scandal. Estonian authorities were probing suspicious transactions routed through Danske Bank, which was already facing investigations in Denmark, Estonia, Britain, France, and the United States. Estonian authorities confirmed SVT's findings. 

SVT's investigative program, Uppdrag Granskning, reported that at least 40 billion Swedish crowns (£3.3 billion) had been transferred between Swedbank and Danske accounts in the Baltics between 2007 and 2015. This scandal led to the dismissal of Swedbank's CEO, Birgitte Bonnesen, in March 2019. Her severance pay was revoked.  The bank's chairman, Lars Idermark, resigned the following month.  Subsequently, Swedbank was fined a record SKr4bn ($380m) by Swedish and Estonian regulators.

In a separate incident, Swedbank Latvia AS was charged by the US Office of Foreign Assets Control (OFAC) for 386 apparent violations, totaling $3,312,120, related to breaching sanctions by sending payments to Crimea through US correspondent banks in 2015 and 2016. Swedbank settled these charges in 2023 by agreeing to pay $3,430,900 in penalties.

Swedbank is a gold patron of the University of Latvia Foundation. Since 2005, the bank has provided financial support and cooperation to promote education in Latvia by sponsoring student events and activities. Notable projects include the Open Mind Research Fellowships in 2007/2008 and 2008/2009, as well as annual support for the LU student festival "Aristotelis."

Loading
Swap long [[ data.swapLong ]] points
Swap short [[ data.swapShort ]] points
Spread min [[ data.stats.minSpread ]]
Spread avg [[ data.stats.avgSpread ]]
Min contract size [[ data.minVolume ]]
Min step size [[ data.stepVolume ]]
Commission and Swap Commission and Swap
Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

Trade [[data.name]] with Skilling

All Hassle-free, with flexible trade sizes and with zero commissions!*

  • Trade 24/5
  • Minimum margin requirements
  • No commission, only spread
  • Fractional shares available
  • Easy to use platform

*Other fees may apply.

Sign up

FAQs

What are the key drivers affecting Swedbank's stock price?

+ -

One of the main drivers affecting Swedbank's stock price is its financial performance. The bank's revenue and profit are major factors in determining investor confidence and, ultimately, their willingness to invest in the company. In addition, analysts consider changes in management and strategy, dividend policies, long-term debt levels and return on equity when evaluating Swedbank's stock price. Furthermore, economic factors such as interest rate changes and overall market volatility also have an impact on Swedbank's stock price.

Who owns most Swedbank shares?

+ -

Swedbank is a Swedish banking institution with the majority of its shares owned by Sparbanksgruppen, Folksam and Swedbank Robur Funds. As of April 2023, Sparbanksgruppen owns 136 166 698 shares (12.03%) in the bank, Folksam has 79 509 226 shares (7.02%) and Swedbank Robur Funds has 42 240 417 shares (3.73%). This makes them the three biggest shareholders of the financial institution.

Do Swedbank shares pay dividends?

+ -

Yes, Swedbank shares pay dividends. As of April 2023, the dividend yield for Swedbank was 5.82%, which is higher than the average dividend yield for European banks. Additionally, their Price to Earnings (P/E) ratio stands at 7.61, making it an attractive investment opportunity for income-seeking investors. The bank is committed to paying regular dividends on a quarterly basis, providing investors with an ongoing stream of income.

Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.

CFDs
Equities
chart-long.svg

Capitalise on rising prices (go long)

green-check-ico.svg
green-check-ico.svg
chart-short.svg

Capitalise on falling prices (go short)

green-check-ico.svg
leverage-ico.svg

Trade with leverage
Hold larger positions than the cash you have at your disposal

green-check-ico.svg
trade-ico.svg

Trade on volatility
No need to own the asset

green-check-ico.svg
commissions-ico.svg

No commissions
Just low spreads

green-check-ico.svg
risk-ico.svg

Manage risk with in-platform tools
Ability to set take profit and stop loss levels

green-check-ico.svg