Baltic Banking

Baltic Banking includes Swedbank’s operations in Estonia, Latvia and Lithuania with around 5.4 million customers. The business operates under the brand name Swedbank.

Through a comprehensive branch network, the Telephone Bank as well as the Internet Bank, Baltic Banking offers a complete range of products and bank services to private and corporate customers. Swedbank is a market leader in the most important segments in the Baltic markets.

The Baltic economies have significantly deteriorated during the severe global financial crisis, and the countries are facing severe challenges in the next few years with high unemployment and lower real wages. Despite this, the Baltic countries have growth potential as their living standards are lower than in other EU countries and they have a lower penetration of many financial services and products. These conditions enable Baltic Banking to continue to develop in the future.