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Swedbank AB is a Nordic-Baltic banking group based in Stockholm, Sweden, offering retail banking, asset management, financial, and other services. [2]
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 .
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]
Percentage of Sweden's population (16+ years), Internet users, and smart mobile users, who use Mobilt Bank ID in the years 2014–2019. Figures from the survey " Swedes and the Internet ". Mobilt bank-id (English: Mobile bank-id) was launched in October 2011, [ 7 ] and is an electronic identification for modern [ 8 ] smartphones from certain ...
Nowadays, its main rivals in the Latvian banking market are Swedbank, Luminor and Citadele bank. [2] SEB banka has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. [3] [4]
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.
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]
The term became popularized through the 1990s as a marketing term for Internet access that was faster than dial-up access (dial-up being typically limited to a maximum of 56 kbit/s). This meaning is only distantly related to its original technical meaning. Since 1999, broadband Internet access has been a factor in public policy.