Strong franchise in Sweden, with a large customer base and the country's widest distribution network Leading position in the high-growth Baltic region through subsidiary Hansabank Low risk profile and stable asset quality Sensitivity of net interest income to low interest rates and shrinking margins Improving efficiency remains a challenge, although some progress has been made Temporary pressure on capitalization following Hansabank acquisition The ratings on FöreningsSparbanken AB (known internationally as Swedbank) reflect the bank's strong franchise in Sweden, supported by a large customer base, the widest distribution network in the country, and its leading position in the high-growth Baltic economies. The ratings also reflect the bank's consistently high asset quality but are constrained by the high sensitivity of net interest
