Ektornet

Ektornet manages the assets taken over by the Group in order to recover as much value as possible over time, minimise the cost of ownership and create opportunities for further development and value appreciation. The majority of these assets consists of real estate. A significant share of the holdings is in the Baltic countries, though also in the Nordic region and the US.

The business area also provides other parts of the bank with expertise in real estate appraisal and management to assist in creating proactive solutions. Providing advice early on in connection with reconstructions can later help to avoid repossessions.

Ektornet operates as an independent unit within Swedbank. The assets that are taken over are managed using independent in-house resources and specialists. The business works closely with Swedbank’s FR&R teams. The head office is located in Stockholm with subsidiaries in countries where there is repossessed collateral to be managed.