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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]
Latvia's four largest banks are Swedbank, SEB Group, Citadele Banka and Luminor. [2] In 2023, Swedish Swedbank and SEB Group held more than half of Latvia's banking market. [3] [4] The largest banks and financial institutions in Lithuania, Latvia and Estonia are largely the same and mostly dominated by Swedish companies. [5] [6] [7]
SEB is one of the largest banks in Estonia, Latvia, and Lithuania, where Swedbank, another of Sweden's big four banks, is amongst its primary rivals. The SEB Group also has operations in most other Nordic countries , as well as larger foreign markets like Germany and the United Kingdom .
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.
Hansa Group or Hansabank Group was a Baltic banking group operating in Estonia, Latvia, and Lithuania between 1992 and 2008. It started in Estonia and expanded to Latvia in 1995 then Lithuania in 1996. It was acquired by Stockholm-based FöreningsSparbanken, later Swedbank, in two stages in 1998 and 2005.
Swedbank central office. Roof height is 110 m. 3: Panorama Plaza II : Riga: 114 m (374 ft) 32: 2007: On right 4: Academy of Sciences building : Riga: 107 m (351 ft) 21: 1955: 5: Panorama Plaza I : Riga: 99 m (325 ft) 27: 2006: On left 6: Radisson Blu Hotel Latvija : Riga: 95 m (312 ft) 27: 1979: Reconstructed in 2001 7: Ministry of Agriculture ...
Sweden's largest banks regardless of measurement type (employees, revenue, capitalisation, assets) is typically a list of four – Swedbank, Nordea, SEB and Handelsbanken. [2] [3] Swedish banks and financial institutions dominate the financial market in the Baltic states – Lithuania, Latvia and Estonia. [4] [5] [6]
Until relatively recently, Lattelecom had monopoly rights on fixed-line voice communications in Latvia, which ended on January 1, 2003. [citation needed] The Latvian fixed telecommunications market is now open to competition, but Lattelecom still has an overwhelming share of the market, and the company is also one of the leading internet service providers in Latvia and is one of the owners of ...