Savings Banks Association and Swedbank reach in-principle framework agreement

Swedbank has reached a framework agreement in principle with the savings banks. The agreement in principle, which has been approved by the Savings Banks Association’s board of directors, involve among other things a continued shared IT-platform, mortgage loans and fund sales.

The agreement in principle will result in separate agreements with the individual savings banks and will replace Swedbank and the savings banks’ previous cooperation agreement, which expires in March 2012. Lennart Ohlstenius, chairman of the Savings Banks Association’s board of directors, comments: “It is pleasing that we now have reached an agreement in principle with Swedbank about the new framework agreement and thus about a continued cooperation. Catrin Fransson, Head of Retail at Swedbank, comments: “We are happy about having reached an agreement in principle with the savings banks. We have a long heritage and common history from which we will continue to build a strong future partnership. I’m convinced that we will both benefit from the new agreement.” Further information, please contact: Catrin Fransson, Head of Retail, Swedbank, tfn: +46 8 585 910 88 Peter Borsos, Head of Communications Retail, Swedbank, tfn: +46 70 317 68 00 Anna Sundblad, Group Press Manager, Swedbank, tfn: +46 70 321 39 95