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Swedbank´s takeover of Danske Bank retail banking services in Lithuania and Latvia approved

22-03-2016 16:15

Based on the agreement from September 2015 between Swedbank and Danske Bank, which now has been approved by the Competition Authorities in both countries, Danske Bank retail banking services will be transferred to Swedbank.

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The Service transfer will be carried out from June 3 to June 6 and affect around 86 000 private “Danske Bank” customers in Lithuania and 7 000 customers in Latvia. The size of the loan portfolio, subject to this transfer, is approximately 484 MEUR in Lithuania and 116 MEUR in Latvia.

­– We will devote great attention to ensure that the service transfer will be smooth and that the customers do not experience inconveniences. We will give the customers all needed personal attention and professional service to make the feel welcomed to their new bank, comments Dovilė Grigienė, Head of Swedbank Lithuania.