Swedbank and SEB interested in buys in Baltic region (translated)
Swedbank and SEB, the Swedish banks, are both interested in Baltic acquisitions, according to Dagens Industri.
The Swedish business daily reported that Swedbank holds a 47% market share within household loans in Estonia and 30% in both Latvia and Lithuania. The paper cited Swedbank Baltic Manager, Priit Perens, who said that the company is interested in further buys in Latvia or Lithuania if something suitable comes along. Perens said that the bank would likely be hindered from acquiring in Estonia for regulatory reasons.
Meanwhile, SEB's Baltic Manager Riho Unt expressed an interest in acquiring parts of companies but added that organic growth is the main focus.