Swedbank welcomes the Swedish central bank’s support for Estonia’s financial system

Swedbank welcomes the Swedish central bank’s, Riksbanken, precautionary arrangement to secure financial stability and to promote confidence in the Estonian financial system.

Under the agreement, Eesti Pank may borrow up to SEK 10 billion against Estonian kroons. The precautionary arrangement enhances the capabilities of Eesti Pank to provide liquidity under the currency board arrangement.

The Baltic states and the Nordic countries have strong historical ties and the regions are increasingly becoming more integrated. Estonia, Latvia, Lithuania and Sweden are today Swedbank’s home markets.

“We have been present in Estonia for over ten years now and we have a strategic long-term commitment towards Estonia. Estonia and the Baltic markets are a key part of our operations today and in the future. Swedbank will continue to support the Estonian financial system, support our customers, develop our Estonian subsidiary and make sure it is adequately capitalised, says Jan Lidén, CEO of Swedbank.

Swedbank is the leading bank in Estonia and is committed to remain so. The recent turmoil on the financial markets doesn´t change this view.

“As proof of our long-term commitment to Estonia and to the Baltic countries in whole we recently changed our name and brand from Hansabank to Swedbank. The change is also the last step in Swedbank’s global rebranding and a landmark in the 190-year history of Swedbank”, says Carl Eric Stålberg, Chair of Swedbank Board.


Further information, please contact:
Thomas Backteman, Acting Head of Communications & IR, Swedbank, phone: +46 730 98 14 17
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95