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 OutlookSwedbank 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.
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