• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Swedbank (ForeningsSparbanken AB) Jun 02
Standard & Poors, June 2002
The ratings on FöreningsSparbanken AB (known internationally as Swedbank) reflect the bank's strong franchise in Sweden supported by a large customer base and a wide distribution network, its stable asset quality despite the economic downturn, and its satisfactory capitalization. Swedbank is Sweden's leading retail bank and third-largest bank in terms of assets, and is the fifth-largest banking group in the Nordic region, with consolidated total assets of Swedish krona (Skr) 987.1 billion ($96.3 billion at Skr 10.25 to $1) at March 31, 2002. The group has the widest distribution network in Sweden, and enjoys a very strong domestic market share in retail financial services, particularly in mortgage finance, asset management, and household deposits. Its wholly owned subsidiary, Spintab AB (--/--/A-1;...
Companies mentioned in this report are:
- Swedbank AB
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- Swedbank AB