Ektornet

Ektornet acquires, manages and develops the bank’s repossessed properties in order to recover as much value as possible over time, while minimising the cost of ownership of the assets. This is done through development and other value-creation measures. A significant share of the holdings is located in the Baltic countries, though also in the Nordic region, US and Ukraine.

Ektornet works closely with the bank’s local reconstructing teams and contributes real estate expertise to create proactive solutions e.g. early advice in reconstructions. The aim is to avoid situations that lead to a repossession. Ektornet was officially formed in 2009 and functions as an independent business area within Swedbank. The head office is located in Stockholm. Repossessed properties are managed through local subsidiaries with their own resources and real estate expertise.