Strengthened governance of the Baltic operations
Swedbank AB has now implemented the previously announced change of the governance of the bank’s Baltic operations. The wholly owned holding company Swedbank Baltics AS today becomes owner of the subsidiary banks in Estonia, Latvia and Lithuania. In this way Swedbank AB formalises the current operating model while increasing accountability and responsibility of the Baltic Banking management.After approval by the European Central Bank and relevant supervisory authorities, the ownership of the subsidiary banks in Estonia, Latvia and Lithuania is today placed in the holding company Swedbank