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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Swedbank AB    SWED A   SE0000242455

SWEDBANK AB

(SWED A)
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Delayed Quote. Delayed NASDAQ OMX STOCKHOLM - 01/22 11:29:30 am
164.2 SEK   +0.16%
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Swedbank : Final report submitted to the Estonian Financial Supervisory Authority

11/20/2020 | 02:31am EST

Swedbank AS has submitted a final report describing the actions taken to comply with the precept of the Estonian Financial Supervision and Resolution Authority (EFSA) which was issued on March 18, 2020.

The report addresses historic shortcomings that were presented in the precept and reflects the full commitment of Swedbank Group to establish systems, controls and solutions for anti-money laundering (AML) and counter-terrorist financing (CTF) purposes.

"We believe that we have closed the shortcomings identified by the EFSA. But we are not leaving the lessons learnt behind us. We are fully committed to continuing building trust among our customers and society as we are establishing systems, controls and solutions for AML/CTF," says Jon Lidefelt, Head of Baltic Banking, Swedbank.

In addition to tracking historical shortcomings connected to AML/CTF measures, Swedbank has also conducted an assessment of the bank's culture, corporate governance, internal steering and control and a compliance transformation program. 

"The preventive work has remained the highest priority for us. As one of the leading financial institutions in Estonia, we have set the bar high for ourselves. Our action plan to strengthen the bank's capacity and capabilities to detect money laundering risks, has progressed well and will continue," says Jon Lidefelt.

 

Contact:

Unni Jerndal, Head of Press Office, Swedbank
unni.jerndal@swedbank.com
Ph. +46 730 92 11 80  

Swedbank encourages a sound and sustainable financial situation for the many households and businesses. As a leading bank in our home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 600 000 corporate customers and organisations with 160 branches in Sweden and 92 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. Read more at www.swedbank.com

https://news.cision.com/swedbank/r/final-report-submitted-to-the-estonian-financial-supervisory-authority,c3240494

https://mb.cision.com/Main/67/3240494/1337597.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 45 161 M 5 454 M 5 454 M
Net income 2020 12 380 M 1 495 M 1 495 M
Net Debt 2020 - - -
P/E ratio 2020 14,9x
Yield 2020 3,65%
Capitalization 184 B 22 183 M 22 210 M
Capi. / Sales 2020 4,07x
Capi. / Sales 2021 4,00x
Nbr of Employees 16 007
Free-Float 80,2%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 179,25 SEK
Last Close Price 164,20 SEK
Spread / Highest target 47,4%
Spread / Average Target 9,17%
Spread / Lowest Target -11,1%
EPS Revisions
Managers and Directors
NameTitle
Jens Olof Henriksson President & Chief Executive Officer
Hans Göran Persson Chairman
Anders Karlsson Chief Financial Officer
Anders Ekedahl Head-Group Information Technology
Bodil Maria Eriksson Independent Director
Sector and Competitors