trending Market Intelligence /marketintelligence/en/news-insights/trending/3rcpem6exbFK0ZSz3a7uSg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Report: Swedbank looking for further Baltic deals

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Report: Swedbank looking for further Baltic deals

Swedbank AB(publ) is looking to expand its operations in the Baltic region, inparticular Latvia and Lithuania, the head of the bank's Baltic unit toldBloomberg News.

Priit Perens said Swedbank will target acquisitions inLatvia and Lithuania in particular, given that its operations there are notlarge enough that further expansion would trigger competition concerns. He reportedlyadded that Swedbank will look to raise its loan-to-deposit ratio in the regionto "just over" 100% from between 85% and 88%.

In March, the Swedish bank, which operates as in Lithuania and asSwedbank AS inLatvia, acquired Danske BankA/S' retail banking business in the two countries.