Swedbank’s exposure on Icelandic banks
Swedbank has no direct exposure on Icelandic banks.
Swedbank has an exposure towards a Danish subsidiary of SEK 564 million, of good quality. According to information the exposure will also be included in the political agreement on financial stability in Denmark. There will be no need for provisions.
Swedbank has an exposure towards a Norwegian subsidiary in a covered bond of SEK 140 million and a secured exposure of SEK17 Mkr on a Swedish subsidiary.
For further information:
Lars Lundquist, Credit Chief Officer, Swedbank, phone: +46 70 678 54 64
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95