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Swedbank AB (FRA:FRYA) Altman Z-Score


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What is Swedbank AB Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.

Swedbank AB Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Swedbank AB (FRA:FRYA) » Definitions » Altman Z-Score
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OSTO:SEB A OSTO:NDA SE OSTO:AZA OSTO:NORION OSTO:TFBANK NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 SGX:D05 NSE:SBIN PNC USB ISX:BBCA HKSE:01658 MIL:ISP XPAR:BNP NU TFC TSE:8411
Traded in Other Exchanges
SWDBY:USA SWDBF:USA SWED A:Sweden 0H6T:UK SWEDAs:UK
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.