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In 2001, a deal to merge Swedbank (then FSB) with SEB failed as the European Commission thought that the merged company would have had too dominant a position in the Swedish banking market. Today, Swedbank has 7 million private customers and 555 000 corporate customers. Swedbank is the largest bank in both Estonia and Latvia. [7]
BankID is an electronic identification system in Sweden.With a usage rate of 94% among smartphone users, it is the single largest such service in Sweden by a large margin, and is administered by Finansiell ID-Teknik BID AB that is owned by several Swedish and Scandinavian banks.
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
In Denmark, Finland, Norway, Germany, and the United Kingdom, the bank's operations are focused on corporate and investment banking services to corporate and institutional clients. The bank was founded in 1972 by the Swedish Wallenberg family , which is still SEB's largest shareholder through major investment company Investor AB .
This is a list of banks in Sweden, updated from official Swedish financial regulator Finansinspektionen on 2008-03-11.. At the end of 2023, there were 123 banks in Sweden. They can be divided into four groups: Swedish corporate banks, foreign banks, savings banks and member banks.
The Management Board of SEB Latvia consists of six people: Chairman of the Management Board Ieva Tetere, Head of Large Corporate Banking Ints Krasts, Head of Retail and SME Banking Arnis Škapars, the Board member responsible for AML and Compliance Māris Larionovs, the Board member responsible for Credit and Risk control Kārlis Danēvičs and Chief Financial Officer Jeļena Cīrule.
In December 2007, the company was headed by a new foreign investor from the Swedbank Group and the bank was renamed as Swedbank Invest. [8] [9] In 2009, the form of ownership and the name of the bank was changed to PJSC Swedbank. [10] [11] In 2013, the Swedbank Group decided to exit the financial market of Ukraine.