Swedbank, Estonia’s largest bank, earned €385 million last year.Results doubled over last year.Huge profits have resurrected the issue of how much banks should contribute to…
Posts tagged as Swedbank
Swedbank Estonia’s first-quarter earnings grew to €105 million euros
Thursday, April 27, 2023Swedbank’s net income for the first three months of the year was €105,2 million.Profit climbed by €31.8 million between the fourth quarters of 2022 and…
Swedish court acquits former Swedbank CEO in full
Thursday, January 26, 2023The Stockholm District Court has acquitted former Swedbank CEO Birgitte Bonnesen of all charges.The Swedish authorities charged Bonnesen with publishing misleading information on money laundering…
Head of Swedbank: No sense in even talking about a panic in economy
Thursday, January 26, 2023While the rising Euribor rate and unemployment inching upward might suggest banks could be looking at more so-called bad loans as people struggle to keep…
Swedbank CEO: Some spending, others trying to make ends meet
Thursday, December 8, 2022CEO of Swedbank Estonia Olavi Lepp said that interest rate hikes could slow down in spring.The banker said that savings are highly concentrated, meaning that…
Swedbank Baltics acquired the status of Latvia’s most valuable enterprise
Wednesday, November 30, 2022This year, Swedbank Baltics has acquired the status of Latvia’s most valuable enterprise, according to Nasdaq Riga and Prudentia’s Top101 of enterprises. The annual top…
Fraudsters have started to attempt scamming Latvian companies
Monday, November 28, 2022Fraudsters have started to attempt scamming Latvian companies by faking invoices from company partners with bogus account numbers, Swedbank said on November 28. The bank asks…
Swedbank Estonia nine-month profits up 11 percent on year
Thursday, October 27, 2022Swedbank AS’ profits for the first three quarters of 2022 totaled €149 million, up by €15 million on year, the bank reported Thursday, citing higher…
Purchasing power to fall 6 percent this year
Sunday, May 29, 2022Liis Elmik, senior economist for Swedbank, said that the bank’s forecast suggests purchasing power of salaried workers will fall by 6 percent this year for…
New chair of Swedbank Latvia appointed
Monday, May 9, 2022The largest commercial bank in Latvia Swedbank has confirmed Lauris Mencis as the new Chair of Swedbank Latvija board, the bank said May 9. Mencis…