Swedbank AB (LTS:0H6T) Mortgage Backed Securities (USD Mil) : 0.00 (As of . 20)

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What is Swedbank AB Mortgage Backed Securities (USD Mil)?

Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.

The historical rank and industry rank for Swedbank AB's Mortgage Backed Securities (USD Mil) or its related term are showing as below:

Swedbank AB Mortgage Backed Securities (USD Mil) Historical Data

The historical data trend for Swedbank AB's Mortgage Backed Securities (USD Mil) can be seen below:

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Swedbank AB Mortgage Backed Securities (USD Mil) Chart

Swedbank AB (LTS:0H6T) Mortgage Backed Securities (USD Mil) Explanation

Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.

Swedbank AB Mortgage Backed Securities (USD Mil) Related Terms

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Swedbank AB (LTS:0H6T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Swedbank AB (LTS:0H6T) » Definitions » Mortgage Backed Securities (USD Mil)

Comparable Companies

Traded in Other Exchanges

SWDBY:USA SWDBF:USA SWED A:Sweden SWEDAs:UK FRYA:Germany

Address

Landsvagen 40, Sundbyberg, Stockholm, SWE, 172 63

Website

https://www.swedbank.com

Swedbank is one of the oldest banks in Sweden, where it derives the lion's share of its income. The bank is the result of merging savings and union banks in Sweden in the aftermath of the financial crisis in the early 1990s in Sweden. The remaining independent savings banks in Sweden remain in close collaboration with Swedbank, acting as an additional product distribution channel to Swedbank and sharing Swedbank's IT systems and part of its development costs. In addition, the bank operates in the three Baltic states: Estonia, Latvia, and Lithuania. Swedbank has a market-leading position in the Baltics, with share ranging from 20% to 55% in retail banking, where it generates 16% of revenue.

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