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

About Us

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 618 000 corporate customers and organisations with 191 branches in Sweden and 125 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 30 September, 2018 the group had total assets of SEK 2 461 billion. Read more at www.swedbank.com