Swedbank to acquire Danske Bank’s retail banking business in Lithuania and Latvia
Swedbank strengthens its footprint in the Baltics by an agreement with Danske Bank to acquire its retail banking business in Lithuania and Latvia.The acquisition affects around 120 000 private customers in Lithuania with approximately EUR 525m of loans and 7 000 private customers in Latvia with approximately EUR 116m of loans. - I welcome all new customers and feel confident that they will appreciate Swedbank’s availability and wide range of digital services. We aim to make them as satisfied as the rest of our Baltic customers, says Priit Perens, Head of Baltic Banking, Swedbank. The