lending
Lending scandal rocks Handelsbanken
A high-ranking manager at Swedish bank Handelsbanken has been arrested on suspicion of having lent out millions of kronor without requiring the be secured by any collateral.
Loan loss fall boosts Handelsbanken profits
Swedish bank Handelsbanken posted a slight increase in profits on Wednesday on the back of a sharp fall in bad loan losses.
Handelsbanken profits up as loan losses fall
Sweden’s Handelsbanken reported 12 percent increase in net profits for the third quarter on Wednesday, as reduced losses on lending activities made up for falling net interest income.
Latvia fears prompt rollercoaster ride for Swedish bank shares
Share prices of Sweden’s leading banks recovered somewhat on Thursday after major drops on Wednesday in the wake of fears that Latvia may devalue its currency.
Latvia police probe targets Swedish banks
Aggressive methods employed by Swedish banks for collecting money from borrowers in Latvia are the subject of a police investigation, according to the Latvian prime minister.
Halt in rising trend for Swedish mortgages
The sum of all new mortgages in Sweden has dropped for the first time since 2000, with the total value of new originations down 6 percent from 2007.