Swedbank: The ECB and EBA confirm Swedbank’s strong asset quality and capitalisation

Regulatory News:

Swedbank (STO:SWEDA)(OSE: SWED)(LSE:SWK) has participated in the European Banking Authority (EBA) stress test and Asset Quality Review (AQR). Swedbank’s subsidiaries in Estonia, Lithuania and Latvia have been part of the European Central Bank’s (ECB) Comprehensive Assessment, which encompasses stress test and AQR.

The results confirm Swedbank’s strong asset quality and capital position and show that Swedbank and its Baltic subsidiaries have sufficient capital to withstand a severe stress scenario.

The results from the stress tests and the asset quality reviews have been made available at ECB’s and EBA’s websites today, 26 October. To access the result templates please use the following links:
https://www.eba.europa.eu/-/eba-publishes-final-templates-for-the-2014-eu-wide-stress-test
http://www.ecb.europa.eu/ssm/assessment/html/index.en.html

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to development "Beyond Financial Growth”. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 8 million retail customers and around 600 000 corporate customers and organisations with 318 branches in Sweden and 170 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 30 September 2014 the group had total assets of SEK 2 078 billion. Read more at www.swedbank.com

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