EE Impact

Swedbank

Sweden · Finance & Payments

LeaveRussia detail: Scaling Back

Scaling back

Swedbank AB is a Nordic-Baltic banking group based in Stockholm, Sweden, offering retail banking, asset management, financial, and other services. In 2019 Swedbank had 900,000 private and 130,000 corporate clients and a 60% market share of Estonia’s payments.

Status last verified 03/08/2026Source checked 21/06/2023Company website ↗LeaveRussia profile ↗

Decision trail

Decision date 21/06/2023 · Reference ↗

Has decided to suspend all financial transactions where payments are made to or from Russia and Belarus. Latvian branch of Swedbank to pay 3.4 million dollars over Crimean sanction violation.

Local stats (LeaveRussia)

Glob.Revenue, mln.USD
5187

Status history since 2022

  1. 03/08/2026 scaling back · Imported from KSE LeaveRussia

Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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