Swedbank AB is a Nordic-Baltic banking group based in Stockholm, Sweden, offering retail banking, asset management, financial, and other services.

Organisation

Swedbank sign above an automated teller machine in Karlskrona.The Swedbank logo (1997—2006). FöreningsSparbanken was created in 1997 through a merger between Sparbanken and Föreningsbanken. The unusual corporate name and logo were compromises of the merger of two different corporate cultures.

Swedbank has 7.25 million retail customers and 544,000 corporate customers in Sweden, Estonia, Latvia, and Lithuania. The group has 252 branches in Sweden and in the Baltic countries. It also maintains a presence in Copenhagen, Helsinki, New York City, Oslo, Shanghai and Johannesbourg.

Swedbank has close cooperation with about 60 local, but still independent, savings banks who chose not to join during the 1992 merger. These banks use FSB logos and customers have the same access to independent banks and branches belonging to FSB. Two relatively large independent savings banks, including the one in Skåne, have chosen not to cooperate with Swedbank and continue to use the logo used by Sparbanken before the merger with Föreningsbanken.

Together with the independent savings banks, Swedbank has branches all over Sweden. The bank has more than 15,000 employees across its operations in Sweden and abroad. Jens Henriksson is president and CEO, while former Swedish Prime Minister Göran Persson is chairman.