Latvia’s leading bank “Swedbank” has announced important news to its customers, who should take this information into account now!
The origins of Swedbank can be traced back to 1820, when the first savings bank was founded in Sweden. In 1992, Sparbanken Sverige was established as a result of the consolidation of several Swedish savings banks.
This unit was merged with another Swedish bank, Föreningsbanken, in 1997 to form FöreningsSparbanken. The beginnings of Swedbank in the Baltic region can be traced back to 1991, when Hansapank was founded in Estonia.
Initially operating as part of Tartu komercbanka, it gained independence in 1992. In addition, in 1995 the bank expanded its operations in Latvia as well, operating under the name Hansabanka.
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Among them, the annual interest rate for time deposits has been increased from 3.75% to 4%, while the annual interest rate for savings instruments has been increased from 2.2% to 2.5%, which allows customers to withdraw funds without formalities and commissions.
Increased time deposit rates for both individual customers and corporate customers. The latest decision by the European Central Bank (ECB) to raise rates has led to an increase in savings rates.
According to Swedbank’s Head of Personal Services, Karina Kulberga, it is likely that the current highest deposit interest rates have been reached, taking into account the ECB’s forecasts of possible future rate cuts.
2023-09-16 13:48:20
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