The European Banking Authority (EBA), the EU’s banking regulator, carried out a stress test on Europe’s major banks. Swedbank’s result in this test showed a low risk.
Euromoney, a world-leading financial markets magazine, earlier this week announced its award for the best banks of 2011. Swedbank was recognized as the leading bank both in Estonia and Lithuania, and was awarded The Euromoney Awards for Excellence 2011.
Swedbank’s interim report January – June 2011 will be published at07.00CET on Thursday, 21 July. You are invited to participate in the following presentations:
Lithuania: Consumer prices decline in June
Latvian CPI grew by 0.3% mom (4.8% yoy) in June 2011
Private consumption recovers faster than expected
Another year in Almedalen is going towards its end. Bigger than ever again, more than 1500 seminars which makes it bigger than last year that was election year.
Services PMI drops to 54.0 in June: Service economy slows down as new orders decrease.
PMI - Services,
Purchasing Managers´Index - Services,
PMI sinks to 52.9 in June 2011 – Swedish industry cools as the global economy slows down
Today we are hosting two events “Global uncertainties – welfare in Sweden” and ”One year with our Youth Unemployment effort” at the Almedalen political week in Gotland.
Swedbank has been awarded the distinction “Best investor relations by a Swedish company” for the second year in a row as well as “The best investor relations by sector in Europe, bank/finance” by IR Magazine. It is the first time a Swedish company wins a price in the pan-European category. The prices were distributed yesterday at the IR Magazine Awards in London. IR Magazine is part of the Economist Group.
Investments drive growth, external imbalances are slightly wider
Real estate market: slow and uneven development
Swedbank AB has decided to undertake changes to its legal structure in reference to the bank’s three Baltic subsidiaries and make these directly owned by Swedbank AB. As a consequence, Swedbank in Estonia, the previous parent company of the subsidiaries in Latvia and Lithuania will sell its shares in these to Swedbank AB. The changes have no impact on Swedbank Group’s profit or financial position.
Why has Sweden been spared major societal problems? Can we continue living as a fortunate nation? And what is needed to secure a good future? These are some of the issues that will be debated at the seminar hosted by Swedbank, part of this year's Almedal political week held on Gotland.
This year began well. The macro outlook improved and market sentiments looked like a oneway street with strong equity trends and investors positioned for rising bond yields. But anxiety has come back. An oil price spike in association with the Middle Eastern turmoil and the Japanese earthquake on March 11th has been replaced as market themes by another series of crisis management mishaps with Greece.
The global economy is slowing and political risks are becoming even more critical
Slower economic outlook is pressuring commodity prices