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Swedbank is one of the primary banks in Sweden, together with Nordea, Handelsbanken, and SEB. 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 ...
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 .
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 2005 Swedbank made a buy-out offer to the minority shareholders and as of today Hansabank is a fully owned subsidiary of Swedbank Group. In July 1999, Hansabank's Lithuanian subsidiary Hansabankas opened its doors to clients in Vilnius, adding commercial banking to the services provided by Hansabank Group in Lithuania.
There are AB SEB bankas and other SEB group companies operating in Lithuania, namely: UAB “SEB investicijų valdymas” life insurance and pension services company “SEB Life and Pension Baltic SE” Lithuanian branch
Lithuanian HQ in Vilnius CBD. Luminor Bank AS is a bank headquartered in Tallinn, Estonia, with branches in Latvia and Lithuania. [3] As of 2019 it was the third-largest bank in the Baltics, with a deposit market share of 16% and lending market share of 22%. [1]
The name for Sweden is generally agreed to derive from the Proto-Indo-European root *s(w)e, meaning "one's own", referring to one's own tribe from the tribal period. [15] [16] [17] The native Swedish name, Sverige (a compound of the words Svea and rike, first recorded in the cognate Swēorice in Beowulf), [18] translates as "realm of the Swedes", which excluded the Geats in Götaland.