Swedbank AB Series A

Swedbank provides financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. Co. has four segments: Swedish Banking, which is responsible for all its Swedish customers except corporates and financial institutions; Large Corporates and Institutions, which is responsible for large corporates, financial institutions and banks as well as for trading and capital market products; Baltic Banking, which operates in Estonia, Latvia and Lithuania; and Group Functions and Other. At Dec 31 2013, Co. had 731 branches and 1,396 automated teller machines. Also as of such date, Co. had total assets of SEK1.82 trillion and deposits of SEK620.85 billion.
  • TickerSWED A
  • ISINSE0000242455
  • ExchangeNasdaq Nordic Stockholm
  • SectorBanks
  • CountrySweden

Analysts

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Sector Fast Comment - Swedish mortgage pricing - January

Avg. offered rate on new 3M mortgages up by 3bp m-o-m Avg. new 3M mtg. margin down by 3bp in Jan. vs. Q4 SBAB finally raised its list prices in early February

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Sector Fast Comment - SBAB raises HH mortgage rates - POSITIVE

SBAB raises its 3-month mortgage list price by 10bp List prices on 1-5-year loans are up by 5bp Should be positive that the price-leader finally raises rates.

ING
Suvi Platerink Kosonen

SEB vs Swedbank/Picking the right horse

We assess the capital position, capital generation capacity and MREL positions of SEB and Swedbank. Both these banks are being investigated in relation to money laundering issues. We consider SEB's buffers to be somewhat stronger and see value in the bank's preferred senior against SWEDA. Both banks are likely to continue to issue non-preferred senior (NPS) for MREL. We consider SWEDA NPS to price in a downgrade and consider SEB NPS to trade at too tight levels.

Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks – Statistical update - Norwegian lending Decenber 2019

Total lending grew by 5.1% y-o-y but declined 0.1% m-o-m. Last month, total lending was up 5.7% y-o-y. Corporate lending was up 4.8% y-o-y but declined 0.8% m-o-m. Household lending increased by 5% y-o-y and by 0.1% m-o-m. Going forward, we expect continued, but abating lending growth, which should support earnings growth in Norwegian banks.

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks – Statistical update - Swedish lending December 2019

Total lending increased by 4.5% y-o-y (corporate lending +3.9% and retail lending +4.8%) and 0.1% m-o-m. Bank (non-mortgage) lending grew by 3.1% y-o-y (corporate lending +2.0% and retail lending +6.1%) but decreased 0.9% m-o-m. Mortgage lending was up 5.2% y-o-y (corporate lending +6.4% and retail lending +4.9%) and 0.4% m-o-m. In terms of total Swedish corporate lending, SEB and Nordea outgrew the market in December

Swedbank AB: Update with year-end 2016 results

FINANCIAL INSTITUTIONS CREDIT OPINION 21 April 2017 Update RATINGS Swedbank AB Domicile Sweden Long Term Debt Aa3 Type Senior Unsecured - Fgn Curr Outlook Stable Long Term Deposit Aa3 Type LT Bank Deposits - Fgn Curr Outlook

Swedbank AB: Q4 2016 Results: Lending Volumes Boost Net Interest Income, Offsetting Headwinds From Negative Interest Rates

FINANCIAL INSTITUTIONS ISSUER COMMENT 3 February 2017 Analyst Contacts Andrea Usai 44-20-7772-1058 Senior Vice President [email protected] Louise Lundberg 46-8-5025-6568 VP-Sr Credit Officer [email protected] Aleksandar Hristov 44-20-7772-1071 Associate Analyst [email protected] Jean-Francois Tremblay 44-20-7772-5653 Associate Managing Director

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Sector Fast Comment - Swedish mortgage pricing - January

Avg. offered rate on new 3M mortgages up by 3bp m-o-m Avg. new 3M mtg. margin down by 3bp in Jan. vs. Q4 SBAB finally raised its list prices in early February

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Sector Fast Comment - SBAB raises HH mortgage rates - POSITIVE

SBAB raises its 3-month mortgage list price by 10bp List prices on 1-5-year loans are up by 5bp Should be positive that the price-leader finally raises rates.

Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks – Statistical update - Norwegian lending Decenber 2019

Total lending grew by 5.1% y-o-y but declined 0.1% m-o-m. Last month, total lending was up 5.7% y-o-y. Corporate lending was up 4.8% y-o-y but declined 0.8% m-o-m. Household lending increased by 5% y-o-y and by 0.1% m-o-m. Going forward, we expect continued, but abating lending growth, which should support earnings growth in Norwegian banks.

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks – Statistical update - Swedish lending December 2019

Total lending increased by 4.5% y-o-y (corporate lending +3.9% and retail lending +4.8%) and 0.1% m-o-m. Bank (non-mortgage) lending grew by 3.1% y-o-y (corporate lending +2.0% and retail lending +6.1%) but decreased 0.9% m-o-m. Mortgage lending was up 5.2% y-o-y (corporate lending +6.4% and retail lending +4.9%) and 0.4% m-o-m. In terms of total Swedish corporate lending, SEB and Nordea outgrew the market in December

Anders Idborg ...
  • Fredrik Ivarsson
  • Magnus Andersson
  • Olof Cederholm
  • Peter Kurt Nielsen
  • Stefan Knutsson

Talking Points - AcadeMedia (Hold): Disappointing voucher increases for 2020

Tele2 (Sell) Post-results comment: Q4e: In line with trend Long-term preschool case still attractive Down to HOLD on short-term risk and strong share

1 director bought

A director at Swedbank Ab bought 10,000 shares at 126.960SEK and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Eivind Sars Veddeng ...
  • Mattias Holmberg
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Christoffer Wang Bjørnsen ...
  • Frank Maaø
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Eivind Sars Veddeng ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin

Nothern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Jon Berggren
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Joachim Gunell ...
  • Niclas Gehin
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Ibrahim Firdaus

Swedbank AB (publ)

SWEDBANK AB with less fundamental stars is reduced to Neutral

SWEDBANK AB (SE), a company active in the Money Center Banks industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date January 21, 2020, the closing price was SEK 137.55 and its expected value was estimated at SEK 136....

Ibrahim Firdaus

Swedbank AB (publ)

Ibrahim Firdaus

Swedbank AB

Ibrahim Firdaus

Swedbank AB

ING
Suvi Platerink Kosonen

SEB vs Swedbank/Picking the right horse

We assess the capital position, capital generation capacity and MREL positions of SEB and Swedbank. Both these banks are being investigated in relation to money laundering issues. We consider SEB's buffers to be somewhat stronger and see value in the bank's preferred senior against SWEDA. Both banks are likely to continue to issue non-preferred senior (NPS) for MREL. We consider SWEDA NPS to price in a downgrade and consider SEB NPS to trade at too tight levels.

ING
Suvi Platerink Kosonen

Nordic bank green bonds/Fresh green bonds with value

Nordic banks have issued €4.25bn in green senior unsecured paper targeting 10 different UN sustainable development goals. We expect the Nordic green bond market to continue growing and become more varied also as there is no social/ sustainable bond yet issued. The first green redemptions are due in 2022.

ING
Suvi Platerink Kosonen

Swedish banks/Quality doesn't come cheap

Swedish banks have started the build-up of their loss absorption buffers slowly, which led the Swedish Riksgälden to urge the banks to take action. Swedish banks flag to issue

ING
Suvi Platerink Kosonen

Nordic banks/Nordic safe haven, right?

We take a look at the Nordic bank fundamentals and relative value in senior and subordinated debt. The Swedish banks such as Handelsbanken, SEB and Swedbank exhibit solid profitability and robust capital generation capacity. Danske and Nordea lagged the Swedes in 1Q19. Please download the full report.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Benelux Credit Digest, Casino, UniCredit and Swedbank

Once again, it is with great pleasure that we present the eleventh edition of our Benelux Credit Digest, our annual overview of the key fundamentals and credit metric developments of the most important corporate and financial credits in Belgium, the Netherlands and Luxembourg. Please see the whole document on our research website.

MarketLine Department

Svenska Handelsbanken AB - Strategy, SWOT and Corporate Finance Report

Summary Svenska Handelsbanken AB - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Svenska Handelsbanken AB (Svenska Handelsbanken) offers private and corporate banking solutions. Private banking comprises insurance, mortgage, car and leisure loans, funds, investment and savings accounts, payments, pension and digital services. Corporate banking includes accounts,...

MarketLine Department

Avanza Bank Holding AB - Strategy, SWOT and Corporate Finance Report

Summary Avanza Bank Holding AB - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Avanza Bank Holding AB (Avanza Bank) is a financial holding company that offers digital savings services. The bank's portfolio of products include share and fund account, investment savings account, endowment insurance, child savings, occupational pension, pension insurance, individua...

MarketLine Department

Lansforsakringar AB - Strategy, SWOT and Corporate Finance Report

Summary Lansforsakringar AB - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Lansforsakringar AB (Lansforsakringar) is a financial service provider. The company provides banking and insurance products to individual and corporate customers. It offers general insurance, unit-linked life assurance, banking, life assurance and pension products and services. The compa...

MarketLine Department

Skandinaviska Enskilda Banken AB - Strategy, SWOT and Corporate Finance Report

Summary Skandinaviska Enskilda Banken AB - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Skandinaviska Enskilda Banken AB (SEB) provides corporate and institutional banking and private and SME banking. Corporate and institutional banking offers life pension insurance, shipping and real estate financing, research and strategy, transaction services, capital market...

MarketLine Department

Abg Sundal Collier Holding Asa - Strategy, SWOT and Corporate Finance Report

Summary Abg Sundal Collier Holding Asa - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Scope - Detailed information on Abg Sundal Collier Holding Asa required for business and competitor intelligence needs - A study of the major internal and external factors affecting Abg Sundal Collier Holding Asa in the form of a SWOT analysis - An in-depth view of the business model of Ab...

Expert Corporate Governance Service (ECGS)

Swedbank - EGM 19 June 2019

In general, Swedbank is in compliance with the Swedish regulations relating to the organisation and procedures of the EGM. Background On February 20, 2019, the Swedish public television service (SVT) released an episode of an investigative television programme ³Uppdrag granskning´ alleging that Swedbank may have been used for money laundering over a 12-year period, including transactions linked to the scandal-hit Danske Bank A/S. Documents seen by SVT showed significant transactions between Danske Bank and Swedbank during the same period, including accounts belonging to companies without con...

Expert Corporate Governance Service (ECGS)

SwedBank, March 28, 2019

In general, Swedbank is in compliance with the Swedish regulations relating to the organisation and procedures of the AGM. Under ITEM 10, discharge of the board of directors & CEO is sought. ECGS notes that Swedbank appears to have become increasingly involved in the same money laundering scandal that hit Danish competitor Danske Bank A/S, following an episode of a Swedish investigative television programme. In connection with said programme, Sweden's Financial Supervisory Authority launched an investigation into the Company together with the equivalent authority in Estonia, since many of the...

Swedbank – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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