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Olof Sundblad new Head of Baltic Banking

Swedbank has today appointed Olof Sundblad as the permanent Head of Baltic

Banking. He has been Acting Head of the same business area since October 2024

and will therefore continue to be part of the Group Executive Committee.

"Olof is strategic and knowledgeable. His experience from leading positions in

the business area is a strong foundation for the continued successful

development of our operations," says Jens Henriksson, President and CEO of

Swedbank.

Olof Sundblad holds a Master of Science in Economics and Business Administration

from Stockholm School of Economics. He has previously been CFO of Baltic Banking

and has also held a variety of other positions in the financial industry since

"In the growing economies of Estonia, Latvia and Lithuania, the opportunities

for Swedbank are plentiful. I look forward to continuing building on our strong

presence in the Baltic markets by focusing on customer benefit," says Olof

Sundblad, new Head of Baltic Banking.

Baltic Banking is one of Swedbank's four business areas with approximately 3.5

million private customers and 300,000 corporate customers in the home markets of

Estonia, Latvia and Lithuania. The business area accounts for nearly one third

of Swedbank's total operating profit.

For a detailed CV and additional press photo, visit:

swedbank.com (https://www.swedbank.com/about-swedbank/management-and-corporate

-governance/ceo-and-group-executive-management/photos-and-cvs/olof

-sundblad.html).

Contact:

Hannes Mård ([email protected]), Head of Press, +46 73 057 41 95

Swedbank empowers the many people and businesses to create a better future. Our

vision is a financially sound and sustainable society. Swedbank Group is the

leading bank with over 7 million retail customers and 550 000 corporate

customers in our four home markets Sweden, Estonia, Latvia and Lithuania.

Swedbank Group is also present in other Nordic countries, the U.S. and China.

Together we make your financial life easier. Find out more: www.swedbank.com

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