Swedbank acquires Entercard
Sweden, Aug. 28 -- Swedbank has today reached an agreement to acquire Barclays' ownership stake in Entercard. As a result, Entercard will become a wholly owned subsidiary of Swedbank. Entercard is one of the leading credit market companies in the Nordics, offering card products and consumer loans with partnerships in Sweden, Norway, Denmark and Finland.Swedbank and Barclays have co-owned Entercard since 2005. Entercard currently has approximately 450 employees and 1.5 million customers, and will continue to operate under its own brand. The purchase price is based on the amount corresponding to 50 per cent of Entercard's equity at the time of acquisition. In the first quarter of 2025, the company's total equity amounted to approximately SEK ...
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