Riksbank offered a replay of the September meeting. The policy rate was left unchanged at 2 percent while the interest rate path was shifted down with 30 bp. Further rate increases are postponed well into the next year.
A short presentation of Swedbank Group, 30 September 2011.
Economic uncertainty is reducing investor interest in commodities
Swedbank initiated a so-called "flashmob" in Vilnius. As soon as the cue "Here you can pay with a card" appeared by a van selling vegetables at Karoliniskes marketplace, queues lined up next to it, says a press release.
Sindre Støer has been appointed new Global Head of Investment Banking in Swedbank and Ulf Hedendahl has been appointed new CEO in First Securities. Jörgen Ulvness will step down as CEO of First Securities and Global Head of Investment Banking. The changes take place with immediate effect.
Cecilia Hermansson, Group Chief Economist in Swedbank, is commenting the Baltic Region Sea Report 2011
Baltic Region Sea Report
Despite gearing down, the Baltic Sea region moves forward – rewarding business opportunities are there to be found!
One of the most prestigious business events in Lithuania, Swedish Business Awards, once again gathered the business community in the capital city of Vilnius on October 12th.
Swedbank’s interim report January – September 2011 will be published at 07.00 CET on Tuesday, 25 October. You are invited to participate in the following presentations:
Swedbank has been named as the Swedish company that most clearly reports its risks. At Ernst & Young's annual risk conference in Stockholm, Swedbank today is presented with the Risk Transparency Award.
Today's seminar in the Swedish Parliament arranged by the Finance Committee and the Swedish Institute for European Policy Studies dealt with the theme "Europe and the fiscal crisis."
Making investment decisions, good analysis of a company's risks can be more important than information about its track record and business model.
Risk Transparency Award
Annual inflation at 4.6% in September 2011
Unexpectedly rapid price growth follows a summer of deflation
Swedbank is the first bank to enter into a partnership with Bill Clinton’s network for social responsibility called the Clinton Global Initiative (CGI). This was highlighted by Bill Clinton personally during the CGI Annual meeting attended by 1 000 delegates and hundreds of journalists.
Clinton Global Initiative