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Swedbank and Savings Banks renew cooperation agreement

Swedbank and the 58 collaborating Savings Banks have extended the cooperation

agreement, which is the foundation of the unique partnership. The agreement

strengthens the Savings Banks' local presence with a large-scale infrastructure

and a full product range. The agreement enables a broad distribution of products

for Swedbank.

Swedbank has its historical roots in the savings banks' movement and the bank

operates according to the basic savings bank ideology; to empower the many

people and businesses to create a better future.

For Swedbank's and the Savings Banks' customers, the extended cooperation

agreement entails a continued access to competitive products in combination with

a unique local presence and knowledge.

The commercial cooperation agreement enables a broad distribution of Swedbank's

products via the Savings Banks, while the Savings Banks will have a continued

access to Swedbank's infrastructure and product range.

"This agreement is based on a strong foundation of a multitude of shared values

and guarantees continuity. With a common history of over 200 years, the parties

can tirelessly continue to develop the customer meeting," says Tomas Hedberg,

Deputy President and Deputy CEO, Swedbank.

"We highly value the cooperation with Swedbank which enables the Savings Banks

to deliver a full-scale banking business to all its customers, even to those who

live and work outside the major cities," says Ewa Andersen, CEO of Sparbankernas

Riksförbund.

Contact:

Ralf Bagner, Media Relations Manager Swedbank, [email protected], +46 730

421649

Swedbank and the Savings Bank empower the many people and businesses to create a

better future. 58 Swedish Savings Bank are today members of Sparbankernas

Riksförbund. The Savings Banks have approximately 190 branches and roughly 2

million retail and corporate customers. The Savings Banks and Swedbank have a

long joint history of co-operation. Swedbank is the leading bank with over 7

million retail customers and 600 000 corporate customers in its four home

markets Sweden, Estonia, Latvia and Lithuania. Swedbank has 153 branches in

Sweden and 80 in the Baltic countries. Swedbank is also present in other Nordic

countries, the U.S. and China. Find out more: www.sparbankerna.se and

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