August 22, 2014 4:33 PM ET


Company Overview of AS Swedbank

Company Overview

AS Swedbank provides various banking and financial services to private and corporate customers in Latvia. Its retail banking services include offering various deposits, such as dynamic, holiday, fixed term, and short-term deposits, as well as savings accounts; car and motorcycle leasing services; loans for casual purchases, education, car, home improvement, travel, and new home; and home, car, life, and travel insurance; payment cards and credit cards; pension plans; collection services; individual safe-deposit boxes; and MoneyGram services. The company’s corporate banking services comprise provision of professional advice to owners, boards, and senior managers in initial public offerings, c...

Balasta Dambis 1A

Riga,  1048


Founded in 1992

1,548 Employees


371 67 444 444


371 67 444 344

Key Executives for AS Swedbank

Chairman of Management Board and Chief Executive Officer
Age: 40
Chief Financial Officer and Member of Management Board
Age: 43
Head of Investment Management
Age: 39
Chairman of the Council of Hansabank Group
Age: 65
Acting Head of Analysis and Planning
Compensation as of Fiscal Year 2014.

AS Swedbank Key Developments

Swedbank AS Announces Group and Bank Earnings Results for the Six Months Ended June 2014

Swedbank AS announced group and bank earnings results for the six months ended June 2014. For the six months, on group basis, net interest income was EUR 61,626,000 compared to EUR 63,120,000 a year ago. Total income was EUR 105,261,000 compared to EUR 110,004,000 a year ago. Profit before impairments was EUR 66,004,000 compared to EUR 68,491,000 a year ago. Operating profit was EUR 72,256,000 compared to EUR 65,520,000 a year ago. Profit for the period was EUR 61,309,000 compared to EUR 55,064,000 a year ago. Return on equity (ROE) was 11.64% compared to 11.77% a year ago. Return on assets (ROA) was 2.50% compared to 2.31% a year ago. For the six months, on bank basis, net interest income was EUR 56,188,000 compared to EUR 57,272,000 a year ago. Total income was EUR 100,482,000 compared to EUR 104,318,000 a year ago. Profit before impairments was EUR 61,973,000 compared to EUR 63,880,000 a year ago. Operating profit was EUR 67,358,000 compared to EUR 61,607,000 a year ago. Profit for the period was EUR 57,320,000 compared to EUR 52,045,000 a year ago. Return on equity (ROE) was 10.91% compared to 11.14% a year ago. Return on assets (ROA) was 2.34% compared to 2.20% a year ago.

Swedbank Announces Earnings Results for the First Quarter of 2014

Swedbank announced earnings results for the first quarter of 2014. During the first quarter of 2014, Swedbank raised its profit 15.6% from the same period a year ago to EUR 29.368 million.

AS Swedbank Reports Earnings Results for the Third Quarter and Nine Months of 2012

AS Swedbank reported earnings results for the third quarter and nine months of 2012. For the quarter, the company reported net profit, including its insurance business, was LVL 14 million. Revenues and costs decreased by 3%, and 2% respectively compared to the same period in 2011. For the nine months, the company’s net profit was LVL 62 million compared to LVL 81 million for the same period in 2011. The decline is mainly due to lower loan interest income and net recoveries.

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