Swedbank, the biggest lender in the troubled Baltic countries, on Monday reported signs of stabilisation in the region even as it announced a SKr15bn ($2.1bn) rights issue to shore up its battered balance sheet. Michael Wolf, chief executive, warned that Latvia, Lithuania and Estonia were still going through “extremely tough times” but said growth in impaired loans was slowing slightly. See FT Alphaville, “Swedbank sweats”.

This entry was posted by Gwen Robinson on Tuesday, August 18th, 2009 at 4:59 and is filed under Capital markets. Tagged with swedbank. Edit this entry.