Swedbank strengthens governance of the Baltic operations
Swedbank’s Board of Directors has decided to establish a new Baltic subsidiary of Swedbank AB. The holding company will become owner of the current subsidiary banks in Estonia, Latvia and Lithuania. In this way Swedbank formalises the current operating model while increasing accountability and responsibility of the Baltic Banking management.“We have been working on improvements of our internal governance model since early 2020, taking into account the recommendations of regulators as well as industry best practises. The changes aim to ensure a simple and transparent governance structure