Latest news with #Swedbank
Yahoo
11 hours ago
- Business
- Yahoo
UAB Atsinaujinančios energetikos investicijos (AEI) Public Bond Offering Closes Soon – Submit Your Orders in Time
The public bond offering by UAB Atsinaujinančios energetikos investicijos (AEI) is nearing its conclusion. Key dates: Investment and switch orders can be submitted until 11 June, 3:30 PM Tender offers can be submitted until 12 June, 3:30 PM Key bond issue details: Issue size: up to 100 mEUR Size of the first tranche: up to 65 mEUR Interest rate: 8 % Minimum investment amount: 100 000 EUR Term: 2,5 years For more information and full documentation click here. HOW TO INVEST? Contact the financial brokerage company/bank (LHV, Signet, Swedbank, SEB Bank and others) handling your securities account for the submission of an investment order. If you do not have an investment services agreement concluded with a financial intermediary, send us an email to: bonds@
Time of India
6 days ago
- Business
- Time of India
Swedbank to Lift Hiring Freeze While Focusing on Efficiency and Market Share, ETHRWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App STOCKHOLM: Swedish banking group Swedbank on Wednesday set a target of at least 15% return on equity in the coming years, in line with a previous goal despite recent headwinds on interest income , and said it expected to abandon a freeze on biggest mortgage lender said in a statement it aimed to increase or maintain market shares for its main products while boosting efficiency across the group by harnessing new technologies, including bank last set financial targets in December 2022, aiming to achieve a return on equity of 15% in 2025, a goal it met in both 2023 and 2024, but over the past year central bank rates have tumbled, putting a damper on bank interest addition, the war in Ukraine and simmering trade conflicts have clouded the outlook also for lenders."Geopolitical tensions are contributing to a level of global uncertainty we have not experienced in decades," Swedbank CEO Jens Henriksson said during a presentation to investors that he expected an external hiring freeze , put in place to keep a lid on costs more than a year ago, to be lifted. "But we will remain restrictive in new hiring," he rival of Nordic banks such as Handelsbanken, SEB and Nordea has built capital on the back of growing income in recent years and reverted to a higher payout policy earlier this year."We have no intention to hold more capital than necessary," Henriksson said. (Reporting by Niklas Pollard, editing by Stine Jacobsen and Terje Solsvik)
Local Sweden
6 days ago
- Business
- Local Sweden
Will Sweden's central bank lower the interest rate this month?
Sweden's central bank, the Riksbank, lowered the country's key interest rate to 2.25 percent back in February, where it has remained since. The next interest rate announcement is scheduled for June 18th. How likely is it that the bank will choose to cut the rate? Advertisement Anders Wallström, head of forecasting at Swedbank, thinks that we could see two more cuts to the policy rate this year. "At the moment we think there will be a cut now and another one in September," he told the TT newswire. The policy rate is the central bank's main monetary policy tool. It decides which rates Swedish banks can deposit in and borrow money from the Riksbank, which in turn affects the banks' own interest rates on savings, loans and mortgages. If bank interest rates are high, it's expensive to borrow money, which means people spend less and as a result inflation drops. Susanne Spector, Danske Bank's chief economist, had a slightly different prediction. "We think that the bank will wait until August to cut the rate, but that they'll open up slightly to a cut now while waiting for more information," she said. Previously, the bank thought there would be no cut at all. Advertisement Spector added that opening up to a cut in June would lessen the pressure on Swedish households. "There are still some risks, price plans are high and inflation is above the target," she added. Swedbank and Danske Bank both believe that Sweden's weak GDP figures from the end of May are a sign that the central bank will need to stimulate the economy further by cutting the rate from the current level. The question, however, is how quickly it will do so. "It's not set in stone and it's a very uncertain situation," he said of a cut in June. "What's weighing into the decision is not really inflation right now, but rather a weak economy. Those [GDP] figures are low and that would support a cut." Inflation figures for May are scheduled to be released on June 5th. Swedbank expects the figures for CPIF inflation, the measurement Sweden's central bank uses, to be 2.7 percent, well above the 2 percent target set by the central bank, while Danske Bank predicts a figure of 2.7 percent. CPIF inflation represents the consumer price index with mortgage fluctuations taken out of the equation. If the inflation figures for last month are lower than expected, that would increase the chance of a cut to the key interest rate.
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Swedbank Targets Return on Equity of At Least 15%
STOCKHOLM–Swedbank is targeting a return on equity of at least 15% in the next few years, but warned of uncertainty amid geopolitical tensions. The Swedish lender said the new target applies through 2027 and is in line with previous guidance that runs through this year.
Reuters
6 days ago
- Business
- Reuters
Swedbank sets return on equity target of at least 15%
STOCKHOLM, June 4 (Reuters) - Swedish banking group Swedbank ( opens new tab said on Wednesday it was setting a target of at least 15% return on equity in the coming years, in line with a previous goal running through this year, and said geopolitical tensions were creating uncertainty. Sweden's biggest mortgage lender said in a statement it aimed to increase or maintain market shares for its main products while boosting efficiency across the group by harnessing new technologies, including AI. "Our plan is to continue to deliver a sustainable return on equity of at least 15 per cent," CEO Jens Henriksson said in a statement. The bank added that issues such as the geopolitical situation was creating uncertainties for businesses and households The bank last set financial targets in December 2022, aiming to achieve a return on equity of 15% in 2025, a goal it met in both 2023 and 2024, but over the past year central bank rates have tumbled, putting a damper on bank interest income.
