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Swedbank ( ($SE:SWED.A) ) has shared an announcement.
Swedbank has been granted a VAT refund of SEK 837 million by the Swedish Tax Agency for overpayments made in 2019, 2020, 2022, and 2023. This decision follows the approval of a new method for calculating deductible VAT, reflecting positively on Swedbank’s financial position and potentially impacting its stakeholders by enhancing its operational efficiency.
The most recent analyst rating on ($SE:SWED.A) stock is a Hold with a SEK289.84 price target. To see the full list of analyst forecasts on Swedbank stock, see the SE:SWED.A Stock Forecast page.
More about Swedbank
Swedbank is a leading financial institution with a vision of creating a financially sound and sustainable society. It serves over 7 million retail customers and 550,000 corporate customers across Sweden, Estonia, Latvia, and Lithuania, with additional presence in Nordic countries, the U.S., and China.
Average Trading Volume: 1,597,701
Technical Sentiment Signal: Buy
Current Market Cap: SEK328.7B
For detailed information about SWED.A stock, go to TipRanks’ Stock Analysis page.