A strong franchise in Sweden, with a large customer base and the country's widest distribution network A dominant position in the Baltic region, enhanced by the full takeover of Hansabank Stable asset quality and conservative provisioning policies Relatively satisfactory capitalization levels, despite the temporary pressure from the Hansabank acquisition Sensitivity of revenues to low interest rates and shrinking margins Although the recent takeover may lead to a change, integration benefits from Hansabank in the Baltics are still lacking Some progress has been made, but improving efficiency remains a challenge The ratings on FöreningsSparbanken AB (known internationally as Swedbank) reflect the bank's strong franchise in Sweden, supported by strong name recognition, a large customer base, and the widest distribution network in
