OREANDA-NEWS. "The opening of our Shanghai branch will considerably strengthen our customer offering in China and build on our already strong relationships with our corporate clients doing business in the country," said Jan Lidйn, President and CEO at Swedbank. This expansion demonstrates our confidence in the future of China as an increasingly important market for our customers. With solid competence in Chinese banking practices, an exceptional network within the Chinese financial sector and an outstanding comprehension of how to do business in China, we aim for service leadership also in this market”, reported the press-centre of Swedbank.


Liu Zhimei is General Manager of the new branch in Shanghai. She has more than 18 years of experience from working in the Chinese banking sector. Liu Zhimei joined Swedbank in 2000 as Chief Representative of Swedbank Shanghai Representative Office, see photo of Liu Zhimei attached. In January 2001, Swedbank was the first Nordic bank to open a representative office in Shanghai, the financial and commercial centre of the People's Republic of China. With the establishment of a branch, Swedbank significantly expands its services in China.


Swedbank’s vision is to be the leading financial institution in the markets where we are present. Swedbank has 8,9 million retail customers and 459,000 corporate customers in Sweden, Estonia, Lithuania and Latvia. In Sweden the group has more than 470 branches, with another 290 branches in the Baltic countries. The group is also present in Copenhagen, Helsinki, Kaliningrad, Kiev, Luxembourg, Marbella, Moscow, New York, Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2006 the group had total assets of SEK 1,400 billion and approximately 17,000 employees. For more information about Swedbank, please visit www.swedbank.com.