Business & Finance
Business and Finance
Business and Finance
Tue, January 18, 2011 
STOCKHOLM--([ BUSINESS WIRE ])--Regulatory News:
"This is a recognition of the positive impact Swedbank has in Estonia. It is a great honor which I share with all of my co-workers, in particular our Estonian employees lead by Priit Perens"
In connection with Estoniaa™s state visit to Sweden, Swedbanka™s (STO:SWEDA)(LSE:SWK)(Pink Sheets:SWDBF) Chief Executive Officer Michael Wolf receives the Order of the Cross of Terra Mariana of the third class from Estoniaa™s President Toomas Hendrik Ilves.
aThis is a recognition of the positive impact Swedbank has in Estonia. It is a great honor which I share with all of my co-workers, in particular our Estonian employees lead by Priit Perensa said Michael Wolf.
Michael Wolf comments further:
aEstonia is one of our four home markets. Our commitment is long term and we look forward to continuing to offer leading bank services to the many businesses and households and being deeply involved in the development of society.a
aWe have played a pivotal role in the changeover to the euro, where we ensured a smooth transition in close cooperation with Estonian authorities.a
aWe look forward to a continued close collaboration regarding issues which are important both for Estonia and Swedbank a" to strengthen the capital market, the legal frameworks, business ethics and education regarding private financesa concluded Michael Wolf.
Swedbank in Estonia - Facts Estonia has 1.35 million inhabitants. Swedbank has 1.2 million private customers and 104 00 corporate clients in Estonia, approximately 2 570 employees, 64 branch offices, 1.1 million cards and 547 ATM:s. Two bank busses service clients living on remote locations. The bank represents 54 percent of the borrowing and 48 percent of the lending to private clients, 47 percent of pensions and 42 percent of the borrowing and 40 percent of the lending to corporate clients.
Swedbank supports community projects in health, education, personal finance, voluntary effort and environmental issues. Among other things, students are offered to become teachers in certain subject areas within the foundation Noored Koolie (Young teachers to school foundation) in which Swedbank in Estonia played a role as one of the initiators. Through the bank's donation portal, customers are able to donate money to non-profit projects. Read more about the banka™s community projects in Estonia, [ https://www.swedbank.ee/about/support?language=ENG ].
Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development aBeyond Financial Growtha. As a leading bank in the home markets Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 9.5 million retail customers and about 670,000 corporate customers with more than 350 branches in Sweden and over 200 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S., China, Russia and Ukraine. As of September 30 2010 the group had total assets of SEK 1,846 billion. Read more at [ www.swedbank.com ]
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