Hansabank in Russia renamed to Swedbank

The rebranding process of Hansabank (OAO) in Russia has been completed and as of May 15th, the bank is renamed to OAO Swedbank.

“The decision to change the name and brand in Russia from Hansabank to Swedbank was made internally in spring last year. Now we have finished all the necessary legal processes and I am happy to announce that the rebranding has taken place,” says Jan Lidén, CEO and President of Swedbank. The expansion plans in Russia will continue as previous stated, Jan Lidén adds.

Hansabank/Swedbank has been operating in the Russian market since 2005. Starting from the current year the bank has expanded its operations from corporate banking and leasing also to retail banking. Swedbank aims to open several new branches in Moscow, St Petersburg and Kaliningrad by the end of 2008.


For furhter information:
Jan Lidén, CEO and President, Swedbank, phone: +46 8 585 922 27
Anna Sundblad, Acting Press Manager, Swedbank, +46 70 321 39 95