Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our
The document provides information about Latvia and the IMF's support for Latvia's fiscal austerity measures following the 2008 financial crisis. It notes that in 2008, the IMF agreed to lend Latvia €1.7 billion as part of a larger €7.5 billion support package from international lenders. This was intended to stabilize Latvia's economy and defend its currency peg to the euro. Latvia had faced pressure on its currency and large current account deficits due to unsustainable credit growth and wage increases exceeding productivity growth. The IMF praised Latvia's commitment to fiscal austerity measures in exchange for the support package.
- Swedbank reported continued solid results in the first half of 2008, with net profit increasing 8% year-over-year.
- The Baltic economies are slowing down more than expected due to weaker European demand and internal imbalances, requiring restructuring.
- The Swedish economy is also slowing gradually, with signs of declining lending growth and isolated stressed customers, though credit quality remains good overall.
- Swedbank is well capitalized and aims to maintain a Tier 1 capital ratio of 8.5-9.0% going forward to support sustainable growth across its markets.
Roadshow, UBS Nordic Banking Conference Jan LidénSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
"Highlights":
* Energy prices keep annual inflation below zero
* Manufacturing growth regains momentum
* Latvia's exports: a zigzag path maintained
"In Focus":
* Latvia's exports to euro area: developments after joining, autore: Daina Pelēce
"Macroeconomic Developments Report", March 2014Latvijas Banka
The document provides an executive summary of Latvia's Macroeconomic Developments Report for March 2014. Some key points:
- Latvia's exports weakened at the end of 2013 due to high base effects and seasonal factors, but competitiveness remained high. The current account deficit decreased to 0.8% of GDP.
- Latvia's major trade partners' growth forecasts were revised, with significant downgrades for Russia and Ukraine due to political instability. Euro area GDP growth was stronger than expected.
- As of January 2014, Latvijas Banka became a full member of the Eurosystem, implementing the euro area's single monetary policy. Loans in Latvia continued declining in December and January.
- Latvia had among
Roadshow, Lehman Brothers Global Financial Services ConferenceSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Presentation by Philip R. Lane, Professor of Political Economy, Trinity College Dublin at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
The document provides information about Latvia and the IMF's support for Latvia's fiscal austerity measures following the 2008 financial crisis. It notes that in 2008, the IMF agreed to lend Latvia €1.7 billion as part of a larger €7.5 billion support package from international lenders. This was intended to stabilize Latvia's economy and defend its currency peg to the euro. Latvia had faced pressure on its currency and large current account deficits due to unsustainable credit growth and wage increases exceeding productivity growth. The IMF praised Latvia's commitment to fiscal austerity measures in exchange for the support package.
- Swedbank reported continued solid results in the first half of 2008, with net profit increasing 8% year-over-year.
- The Baltic economies are slowing down more than expected due to weaker European demand and internal imbalances, requiring restructuring.
- The Swedish economy is also slowing gradually, with signs of declining lending growth and isolated stressed customers, though credit quality remains good overall.
- Swedbank is well capitalized and aims to maintain a Tier 1 capital ratio of 8.5-9.0% going forward to support sustainable growth across its markets.
Roadshow, UBS Nordic Banking Conference Jan LidénSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
"Highlights":
* Energy prices keep annual inflation below zero
* Manufacturing growth regains momentum
* Latvia's exports: a zigzag path maintained
"In Focus":
* Latvia's exports to euro area: developments after joining, autore: Daina Pelēce
"Macroeconomic Developments Report", March 2014Latvijas Banka
The document provides an executive summary of Latvia's Macroeconomic Developments Report for March 2014. Some key points:
- Latvia's exports weakened at the end of 2013 due to high base effects and seasonal factors, but competitiveness remained high. The current account deficit decreased to 0.8% of GDP.
- Latvia's major trade partners' growth forecasts were revised, with significant downgrades for Russia and Ukraine due to political instability. Euro area GDP growth was stronger than expected.
- As of January 2014, Latvijas Banka became a full member of the Eurosystem, implementing the euro area's single monetary policy. Loans in Latvia continued declining in December and January.
- Latvia had among
Roadshow, Lehman Brothers Global Financial Services ConferenceSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Presentation by Philip R. Lane, Professor of Political Economy, Trinity College Dublin at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Roadshow, Öhman Baltic Banking Day, Priit PerensSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Roadshow, London, Jan Liden, CEO and Mikael Inglander, CFOSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
The Swedish Economy No.7 - October 25, 2011 Swedbank
The Swedish economy is slowing due to concerns over the European debt crisis and weaker growth in the US. The document makes three key points:
1) Sweden's economic growth forecast for 2011 has been revised downward from 4.3% to 3.9% due to slowing export demand from Europe and the US.
2) Confidence indicators among Swedish households and businesses have dropped sharply in recent months, and consumption and investment are expected to grow more slowly.
3) Swedish exports began declining in the second quarter, industrial production and order bookings have slowed significantly, and many companies plan to cut back on production and hiring in light of weakening global economic conditions.
Highlights:
* GDP growth at 2.6% in 2015
* Current account posted improvement
* Unemployment continues to decrease, but at a slower pace
In Focus:
Zero-based approach to government budgeting, Baiba Traidase
Economic Trends, a copy of the presentation delivered by Andrew Johnson, Senior Economist at EEF from the CIM East of England Summer Marketing Conference held on 9 June 2011 at ARU, Chelmsford
This document discusses Russia's fiscal policy challenges in the context of economic stagnation or modernization. It notes that government revenues and spending increased rapidly from 2001-2012 but then revenues declined sharply in 2014-2016. The floating exchange rate has helped cushion the impact of falling oil revenues on the government budget. Targets have been announced to gradually reduce the government deficit to around 1% of GDP per year. Efforts to balance the budget will focus on increasing revenues from smaller taxes and improving collection while containing growth in public sector wages, pensions, and some categories of spending. Military expenditures increased substantially in some years but appear to have leveled off.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Polish labour market. Basic facts and figuresPiotr Arak
This document summarizes key facts and figures about the Polish labour market, including unemployment rates, employment rates, wages, and temporary employment. It also outlines several recent policy developments in Poland, such as an increase to the minimum wage in 2017, the introduction of a minimum hourly wage, expansion of family benefits, and plans to lower the retirement age.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
The document summarizes the key points from the Financial Stability Review published on April 23, 2014. It identifies the main risks to Estonian financial stability as a worsening of risk assessments for Nordic economies and banks increasing funding and liquidity risks, and a deterioration in the external environment weakening economic growth in Estonia and worsening bank loan quality. Rapid growth in real estate prices is also highlighted as a risk that could affect household and business finances and build up risks in the financial system.
Macroeconomic Developments Report. July 2013Latvijas Banka
In the first quarter of 2013, Latvia's exports of goods continued to grow faster than imports in both nominal and real terms, driven by Latvian exporters' competitiveness. However, as external demand contracted and the base effect took over, the annual growth rate of Latvian exports decelerated. Most of Latvia's major trade partners saw downward revisions to economic growth forecasts for 2013. While growth is still expected in countries like Estonia, Lithuania, and Russia, the pace is expected to slow. Contraction in the euro area and weak growth in the UK and other European countries poses risks to Latvia's export growth in the coming quarters.
"Macroeconomic Developments Report", October 2013Latvijas Banka
The document provides a macroeconomic developments report for October 2013. It summarizes developments in Latvia's external sector and exports in the second quarter of 2013. Key points include:
- Latvia's exports continued to grow but at a slower annual rate due to weakening demand from major trade partners. Exports of base metals declined due to a factory closure.
- Imports declined in both volume and value as production and investment activity decreased. Imports of base metals and vehicles fell the most.
- Despite challenges, Latvia increased its share of world imports according to WTO data. The report examines economic conditions in Latvia's key trade partners.
Latvijas Banka Monthly Newsletter December 2018Latvijas Banka
The current account ran a deficit of 1.0% of GDP in the first nine months of 2018 due to a sharp rise in goods imports from Russia and Lithuania driven by higher volumes and prices of imports. Services exports continued to post a surplus. GDP growth was rapid at 5.3% in Q3 due to strong domestic demand from growing investment and consumption. Wage growth remains solid as unemployment declines and labor demand increases.
Outlook for the Finnish economy 2016-2018Suomen Pankki
1) The Finnish economy is projected to grow around 1% annually from 2016 to 2018, supported by domestic demand as export growth remains weak.
2) Inflation will be slow for a prolonged period, remaining below 2% through 2018.
3) The labor market is improving with unemployment projected to fall gradually but remain over 9% through 2018.
Poland: macro economics review and preview 2014KBC Economics
Poland's GDP growth slowed in recent quarters due to weak consumption and declining investment. Consumption has been impacted by a deteriorating labor market and postponed spending on durable goods. Investments have dragged due to the aftermath of Euro 2012 infrastructure spending and public finance tensions. However, net exports have provided a countercyclical boost due to weak domestic demand and an import decline. Inflation pressure remains low due to the labor market situation and regulated price controls. The central bank forecasts GDP growth of 0.5-1.7% in 2013 and 1.2-3.5% in 2014, with inflation at 0.6-1.1% and 0.4-2% respectively. Interest rates are expected
"Macroeconomic Developments Report", January 2014Latvijas Banka
The document provides an overview of macroeconomic developments in Latvia and its major trade partners. Some key points:
- The IMF revised downwards GDP growth forecasts for many countries, particularly Russia, Estonia, and Finland. However, forecasts for the Eurozone were unchanged.
- In Q3 2013, exports and imports of Latvian goods contracted year-over-year due to weakening external demand and a strong base effect from previous years. Nevertheless, Latvia continued to expand its export market shares.
- In response to low inflation, the ECB and Latvijas Banka both unexpectedly lowered interest rates in November. Credit growth remained subdued as banks retained excess liquidity.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Roadshow, Öhman Baltic Banking Day, Priit PerensSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Roadshow, London, Jan Liden, CEO and Mikael Inglander, CFOSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
The Swedish Economy No.7 - October 25, 2011 Swedbank
The Swedish economy is slowing due to concerns over the European debt crisis and weaker growth in the US. The document makes three key points:
1) Sweden's economic growth forecast for 2011 has been revised downward from 4.3% to 3.9% due to slowing export demand from Europe and the US.
2) Confidence indicators among Swedish households and businesses have dropped sharply in recent months, and consumption and investment are expected to grow more slowly.
3) Swedish exports began declining in the second quarter, industrial production and order bookings have slowed significantly, and many companies plan to cut back on production and hiring in light of weakening global economic conditions.
Highlights:
* GDP growth at 2.6% in 2015
* Current account posted improvement
* Unemployment continues to decrease, but at a slower pace
In Focus:
Zero-based approach to government budgeting, Baiba Traidase
Economic Trends, a copy of the presentation delivered by Andrew Johnson, Senior Economist at EEF from the CIM East of England Summer Marketing Conference held on 9 June 2011 at ARU, Chelmsford
This document discusses Russia's fiscal policy challenges in the context of economic stagnation or modernization. It notes that government revenues and spending increased rapidly from 2001-2012 but then revenues declined sharply in 2014-2016. The floating exchange rate has helped cushion the impact of falling oil revenues on the government budget. Targets have been announced to gradually reduce the government deficit to around 1% of GDP per year. Efforts to balance the budget will focus on increasing revenues from smaller taxes and improving collection while containing growth in public sector wages, pensions, and some categories of spending. Military expenditures increased substantially in some years but appear to have leveled off.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Polish labour market. Basic facts and figuresPiotr Arak
This document summarizes key facts and figures about the Polish labour market, including unemployment rates, employment rates, wages, and temporary employment. It also outlines several recent policy developments in Poland, such as an increase to the minimum wage in 2017, the introduction of a minimum hourly wage, expansion of family benefits, and plans to lower the retirement age.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
The document summarizes the key points from the Financial Stability Review published on April 23, 2014. It identifies the main risks to Estonian financial stability as a worsening of risk assessments for Nordic economies and banks increasing funding and liquidity risks, and a deterioration in the external environment weakening economic growth in Estonia and worsening bank loan quality. Rapid growth in real estate prices is also highlighted as a risk that could affect household and business finances and build up risks in the financial system.
Macroeconomic Developments Report. July 2013Latvijas Banka
In the first quarter of 2013, Latvia's exports of goods continued to grow faster than imports in both nominal and real terms, driven by Latvian exporters' competitiveness. However, as external demand contracted and the base effect took over, the annual growth rate of Latvian exports decelerated. Most of Latvia's major trade partners saw downward revisions to economic growth forecasts for 2013. While growth is still expected in countries like Estonia, Lithuania, and Russia, the pace is expected to slow. Contraction in the euro area and weak growth in the UK and other European countries poses risks to Latvia's export growth in the coming quarters.
"Macroeconomic Developments Report", October 2013Latvijas Banka
The document provides a macroeconomic developments report for October 2013. It summarizes developments in Latvia's external sector and exports in the second quarter of 2013. Key points include:
- Latvia's exports continued to grow but at a slower annual rate due to weakening demand from major trade partners. Exports of base metals declined due to a factory closure.
- Imports declined in both volume and value as production and investment activity decreased. Imports of base metals and vehicles fell the most.
- Despite challenges, Latvia increased its share of world imports according to WTO data. The report examines economic conditions in Latvia's key trade partners.
Latvijas Banka Monthly Newsletter December 2018Latvijas Banka
The current account ran a deficit of 1.0% of GDP in the first nine months of 2018 due to a sharp rise in goods imports from Russia and Lithuania driven by higher volumes and prices of imports. Services exports continued to post a surplus. GDP growth was rapid at 5.3% in Q3 due to strong domestic demand from growing investment and consumption. Wage growth remains solid as unemployment declines and labor demand increases.
Outlook for the Finnish economy 2016-2018Suomen Pankki
1) The Finnish economy is projected to grow around 1% annually from 2016 to 2018, supported by domestic demand as export growth remains weak.
2) Inflation will be slow for a prolonged period, remaining below 2% through 2018.
3) The labor market is improving with unemployment projected to fall gradually but remain over 9% through 2018.
Poland: macro economics review and preview 2014KBC Economics
Poland's GDP growth slowed in recent quarters due to weak consumption and declining investment. Consumption has been impacted by a deteriorating labor market and postponed spending on durable goods. Investments have dragged due to the aftermath of Euro 2012 infrastructure spending and public finance tensions. However, net exports have provided a countercyclical boost due to weak domestic demand and an import decline. Inflation pressure remains low due to the labor market situation and regulated price controls. The central bank forecasts GDP growth of 0.5-1.7% in 2013 and 1.2-3.5% in 2014, with inflation at 0.6-1.1% and 0.4-2% respectively. Interest rates are expected
"Macroeconomic Developments Report", January 2014Latvijas Banka
The document provides an overview of macroeconomic developments in Latvia and its major trade partners. Some key points:
- The IMF revised downwards GDP growth forecasts for many countries, particularly Russia, Estonia, and Finland. However, forecasts for the Eurozone were unchanged.
- In Q3 2013, exports and imports of Latvian goods contracted year-over-year due to weakening external demand and a strong base effect from previous years. Nevertheless, Latvia continued to expand its export market shares.
- In response to low inflation, the ECB and Latvijas Banka both unexpectedly lowered interest rates in November. Credit growth remained subdued as banks retained excess liquidity.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Roadshow, Tokyo, Mikael Inglander and Anders EkSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
This document contains a presentation for analysts and investors on Lloyds Banking Group's 2016 half-year results. Some key highlights include:
- Underlying profit of £4.2 billion, down 5% year-on-year, with a cost:income ratio improved to 47.8% and strong asset quality.
- Statutory profit before tax more than doubled to £2.5 billion, with significantly lower conduct charges.
- Ongoing work to simplify the business and reduce costs, now targeting £1.4 billion in annual run-rate savings by end of 2017.
- Credit quality remains strong with low impairment charges and a reduced impaired loan ratio of 2.0%.
Roadshow, Jan Lilja, Head of Group TreasurySwedbank
Swedbank is a major banking group in Northern Europe with home markets in Sweden, Estonia, Latvia, and Lithuania. It also has operations in Russia, Ukraine, and other markets. The document provides an overview of Swedbank's business segments and their financial performance in the first half of 2008, noting continued solid results overall but signs of economic slowing in some markets.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank economic outlook update, april 2014Swedbank
The document summarizes Swedbank's economic outlook update which notes that risks to the global economic recovery have increased. It identifies key risks as a potential bursting of Chinese bubbles, deflation in the Eurozone, and escalating sanctions against Russia potentially leading to a trade war. The Swedish economy is performing well but growth is expected to slow in 2015 as household spending is dampened by rising interest rates. Unemployment remains Sweden's main structural challenge. The Baltic economies will see positive growth despite being negatively impacted by less trade with Russia.
2007. Vladimir Cupic. Banking and Leasing in Serbia. CEE-Wirtschaftsforum 200...Forum Velden
The document summarizes banking and leasing in Serbia. It provides an overview of the Serbian macroeconomic situation including GDP growth, balance of payments, credit boom, inflation, exchange rates, and fiscal and monetary policy. It then discusses the banking sector, including its aggregate balance sheet structure, income statement, market composition, and products. Finally, it briefly mentions the leasing sector.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
- Denmark has a population of around 5.6 million people and its capital and largest city is Copenhagen. Its economy relies heavily on human resources and imports raw materials from other countries.
- Denmark experienced budget deficits for the first time in recent history in 2009 and 2010 due to the global economic crisis but has since returned to surpluses. Exports, particularly to Germany, Sweden, and other European nations, are a major driver of Denmark's economy.
- Unemployment rose significantly from 2008 to 2010 during the crisis but has fallen back down in recent years, and inflation has remained moderate and stable. Overall, Denmark maintains a prosperous and developed economy.
Despite GDP being flat in Q2, downside risks to growth still exist. Three key factors pose risks: (1) low FDI due to global risk aversion will impede growth, (2) government spending cuts to narrow the fiscal deficit will put pressure on the economy, and (3) weakening domestic demand from rising unemployment and limited lending will negatively impact private consumption. Flat GDP also came from a large drop in investments and consumption. Surveys were mixed with consumer confidence improving but business climate declining. The current account deficit is adjusting due to falling imports outpacing exports.
A2 & AS Economics: UK Economy Revision Briefingtutor2u
The UK economy suffered a deep recession from 2008-2009 and recovery has been slow and fragile with growth below 1% in most years since. Weak private sector demand from falling real incomes and low business investment have held back growth. Export growth has also slowed in recent years. The government has pursued fiscal austerity measures and spending cuts to reduce large budget deficits, further weighing on growth. Restoring stronger growth and rebalancing the economy away from debt-fuelled consumption toward exports and investment will require boosting productivity, business investment, and improving the supply of credit. Potential growth rates are estimated to have declined significantly in recent years due to factors like low R&D spending and business investment.
Similar to Roadshow, Öhman Baltic Banking Day, Maris Avotins (20)
Swedbank corporate presentation April 25 2017Swedbank
This document provides an overview of Swedbank, a bank operating in Sweden, Estonia, Latvia, and Lithuania. It details that Swedbank has over 16 million inhabitants, 7.3 million private customers, and 651,000 corporate customers across its four home markets. Key figures on branches, employees and lending are also provided for each country. The document discusses Swedbank's history, vision, values, purpose and engagement in society. It outlines challenges from new customer needs, competitors, regulations and economic developments, and how Swedbank is adapting. Services provided to private and corporate customers are also summarized.
The interim report summarizes Swedbank's financial results for the first quarter of 2017. Net interest income and lending volumes increased compared to the previous quarter, while net commission income decreased due to seasonal effects. Overall profits increased 25% compared to the first year, strengthened by a capital gain from the sale of Hemnet. Credit quality remained strong across all business segments, though additional provisions were made for oil-related sectors. The report provides an overview of each business segment and notes that economic indicators have strengthened in Sweden and the Baltic countries in recent months.
Swedbank reported its year-end results for 2016. In Q4 2016, net interest income increased 3% compared to Q3 2016 supported by increased lending volumes. Net commission income benefited from positive stock market development. Higher volumes of covered bond repurchases weighed down Treasury's result. Costs were in line with expectations and credit quality remained solid despite increased provisions in oil related sectors. For the full year 2016, total income increased 11% while total expenses increased only 1%, leading to an 18% rise in operating profit. Return on equity was 15.8% and the proposed dividend per share was SEK 13.20, up from SEK 10.70 the previous year.
Swedbank corporate presentation, February 2 2017Swedbank
Swedbank is a major banking group in Sweden, Estonia, Latvia, and Lithuania, serving over 16 million inhabitants and 7.3 million private customers. It has 389 branches and over 13,700 employees across its four home markets. The document provides an overview of Swedbank's operations and presence in each of its home markets, its financial figures, strategic focus areas, engagement in society, and the services it provides to both private and corporate customers.
Swedbank Corporate Presentation, October 25 2016Swedbank
Swedbank is a major bank operating in Sweden, Estonia, Latvia, and Lithuania with over 14,000 employees. It has a presence in several other Nordic and Baltic countries as well as in China, South Africa, Luxembourg, and the US. The bank provides a variety of financial services to over 7 million private customers and 640,000 corporate customers. Swedbank is adapting to changes in customer needs, regulations, competitors and the macroeconomic environment to remain a strong, relevant bank.
Swedbank Corporate Presentation, June 30 2016Swedbank
Swedbank is a Swedish bank that provides banking services to individuals and businesses. It has over 2.4 trillion SEK in total assets and 7.3 billion SEK in operating profits. It operates primarily in Sweden, Estonia, Latvia, and Lithuania, serving over 4 million private customers and over 500,000 corporate customers. Swedbank aims to be accessible to customers through its branches, phone, and digital channels and to promote financial well-being for households and enterprises.
Swedbank is a bank based in Sweden with operations also in Estonia, Latvia, Lithuania and other markets. As of March 31, 2016 it had total assets of SEK 2,404 billion and an operating profit of SEK 5,275 million. It aims to promote sound financial situations for households and enterprises through offering banking services such as savings, loans, investments and insurance. The presentation provides an overview of Swedbank's home markets, history, values of being simple, open and caring, and private and corporate banking services.
The presentation outlines Swedbank's purpose, history, values, products and services for private and corporate customers, and emphasizes its commitment to being accessible and providing a positive experience for customers.
This document provides Swedbank's year-end report for 2015. It summarizes that Swedbank's profit for the fourth quarter was stable at SEK 3.8 billion despite challenges from lower interest rates and economic uncertainty. Total income was SEK 9.5 billion for the quarter. For the full year, profit was SEK 15.7 billion, down 4% from 2014, as lower interest rates reduced net interest income despite increased mortgage and deposit volumes. The CEO commented that priorities in 2015 were improving customer value, increasing efficiency, and integrating Sparbanken Öresund.
Swedbank Corporate Presentation, September 2015Swedbank
The bank aims to promote sound financial management for households and enterprises through products like loans, savings, investments, and insurance that are accessible via branches, phone, and online banking designed to be simple, open, and caring.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
1. Macroeconomic and Banking Sector Developments in Latvia.
Performance of Swedbank in Latvia, Q3 2008.
Māris Avotiņš
CEO, Chairman of the Board
6 November, 2008