In today's time Sweden is among the world's richest and most technologically advanced nations. It has an impact on global business and industry far beyond its size, and companies with Swedish roots, such as IKEA, H&M and Volvo are household names from Boston to Beijing. The economy of the country is built on rich reserves of iron ore and timber, and plentiful hydroelectric power. Its main industrial sectors are forestry, telecoms and the automotive and pharmaceutical industries. Here I am sharing brief about Swedbank AB which is one of the bästa utdelningsberättigade aktier i Sverige. Take a look
Swedbank AB is a Sweden-based bank. It is engaged in offering financial products and services to both private and corporate customers. It offers services of retail banking, asset management, financial and other services. The company's operations are divided into six business areas. Retail, offers its customers a range of financial products and services through 317 branches and teller services through a number of stores. It also cooperates with savings banks adding another 254 branches. It is an exclusive bank with 7.8 million private customers and more than 600,000 corporate and organizational customers. The Asset Management includes Swedbank Robur, which offers more than 130 funds, discretionary asset management and pension management services.
It is an exclusive bank with 7.8 million private customers and more than 600,000 corporate and organizational customers. It makes the bank Sweden's largest bank in terms of number of customers and gives it a leading position in its other home markets of Estonia, Latvia and Lithuania. The bank is dedicated to help its customers, its shareholders and society as a whole stay financially sound and sustainable.
The first Swedish saving bank was founded in Gothenburg in 1820. In 1992, a number of local saving banks merged to create Sparbanken Sverige, which was known simply as Sparbanken. In 1995 Swedbank was listed on the Stockholm Stock Exchange and in 1997, it merged with Foreigningsbanken under the combined name Forenings Sparbanken. During the 2000 global financial crisis, the bank accepted government assistance due to its losses from loans made to neighboring Baltic economies.
On September 8, 2006, Foreningssparbanken AB changed its name to Swedbank AB. The name change took place in the afternoon local time, after the Swedish Companies Registration Office registered the Changes in the Company's articles of association. At the same date the subsidiary AB Spintab changed its name to Swedbank Hypotek AB and Foreningssparbanken Jordbrukskredit AB changed its name to Swedbank Jordbrukskredit AB. Other subsidiaries had changed their names at later dates.
Swedbank's strategy is the direction it has chosen to create customer and shareholder value in the long term. It is based on the bank's purpose, its values and its vision. Its large, multifaceted customer base in its home markets of Sweden, Estonia, Latvia and Lithuania which offers unique potential. Its aim is to be able to help the many customers, from customers with basic needs to customers with the most advanced banking needs, and it wants to do it in a way that creates significant customer value and significant profitability.
The bank has a number of priorities tied to its long-term strategies which include
· Improve customer offering
· Increase decision-making close to its customers
· Focus on productivity
· Capital and funding management.
The company has a market capitalization of 168.04 Billion, EPS is 12.35, P/E ratio is 12.38 and the dividend yield is 6.47% at the annual dividend payout of 9.90.