What prompted your merger with
ForeningsSparbanken?
Our merger with ForeningsSparbanken will allow us to become
stronger in our home market and give us the base for international
expansion. Prior to the merger we stood no higher than forty fifth
in terms of market capitalization among all European banks and that
was much too low. With the merger, we rise to number twenty five, a
much better position. With the merger, we will have also created a
Nordic player that will participate in the restructuring of the
European banking scene.
These two banks complement each other. They are strong in the
retail sector and have a big volume of business in the standard
products area.
One key benefit will be the opportunity to increase our business
in the private customer area. These clients comprise some 40% of
our customers. They only make up 20% of the customers of
ForeningsSparbanken: but in...
