Press Release 17th of March 2009 Sparbanken Nord acquires four local branch offices Swedbank has agreed to the acquisition by Sparbanken Nord of its local branch offices in Kiruna, Pajala, Överkalix and Övertorneå. Through the acquisition Sparbanken Nord together with Swedbank strengthens its full customer offering in the four counties. Swedbank and Sparbanken Nord already have an existing established collaboration today which continues. Sparbanken Nord has great potential to drive the local banking business in smaller towns and the country side. The collaboration with Swedbank is vital for Sparbanken Nord's future development to nurture a professional and cost effective bank service in Norrbotten. At the same time Sparbanken Nord can extend its local community engagement in these regions. ”We have a long term collaboration with Sparbanken Nord which we are now strengthening further. We look forward to a continued successful partnership in which our joint customer offerings can be developed further, says Tomas Lejon, Managing Director of Swedbank in Norrbotten. ”It's a great pleasure to have the opportunity to further strengthen our local presence and contribute to the development of Kiruna, Pajala, Överkalix and Övertorneå. We are convinced that the deal will be of advantage to our customers, colleagues and local development in the four counties, says Erik Hägglöv, CEO of Sparbanken Nord. We want to continue to be a positive drive force in the local community through actively supporting culture, education and the local industry. All employees at the offices in Kiruna, Pajala, Överkalix and Övertorneå are invited to join the new organisation. Consequent to the acquisition Swedbank will make a capital gain of SEK 206 million. We will host local press conferences around the announcement in Luleå and Piteå at the times indicated below: Luleå When: 17th of March at 13.00 Where: Swedbank, Köpmangatan 34 Piteå When: 17th of March at 15.00 Where: Sparbanken Nord, Storgatan 43 Welcome! For further information: Tomas Lejon, Managing Director, Swedbank Norrbotten, telephone: +46 70 66 79 130 Erik Hägglöv, CEO, Sparbanken Nord, telephone: + 46 70 69 66 110 Anna Sundblad, Press Officer, Swedbank, telephone: +46 70 321 39 95 Swedbank's vision is to be the leading financial institution in the markets where we are present. Swedbank has 9.4 million retail customers and 600,000 corporate customers with 419 branches in Sweden, 278 branches in the Baltic countries and another 215 branches in Ukraine. The group is also present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2008 the group had total assets of SEK 1,812 billion and approximately 21,000 employees. For more information about Swedbank, please visit www.swedbank.com.
Sparbanken Nord acquires four local branch offices
| Source: Swedbank AB
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