Swedbank Open For Part-Sale of Ukraine Unit, To Keep Baltic Unit

STOCKHOLM, Sweden -- Swedbank AB, the largest bank in the Baltic states, may let the European Bank for Reconstruction and Development or another bank take a stake in its unit in Ukraine, spokesman Thomas Backteman said in a telephone interview today.

Swedbank in Kiev, Ukraine

It has no plans to sell parts of its business in Estonia, Latvia and Lithuania and is not looking for a partnership there, Backteman said, responding to an article in Dagens Industri that said Swedbank plans to sell parts of its units in Ukraine and the Baltic states.

Source: Bloomberg

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