Swedbank ‘not fast enough’ on mortgage lending, causing loss of market share
Sanne Wass, 27 April 2021
Amid heavy anti-money-laundering hiring and investments, Swedbank AB (publ) is demonstrating slow response time and a lack of availability elsewhere in its business, causing it to lose market share within mortgage lending in Sweden.
Presenting Swedbank’s first-quarter earnings, CEO Jens Henriksson said the bank is “well-positioned when it comes to pricing” on its mortgage loans but it had been too slow in responding to customers’ needs. As a result, Swedbank had not been able to defend its market position.
“We have not been available … we’ve not been fast enough,” he said on an earnings call April 27. Continue reading “Article: Swedbank ‘not fast enough’ on mortgage lending, causing loss of market share”
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