Barclays said it had sold its shareholding in Entercard Group to its joint venture partner, Swedbank at book value - estimated to be 2.6 billion Swedish crowns.
Swedbank AB
28 August 2025 07:59:34
Source: Sharecast
Entercard was established as a joint venture in 2005, providing consumer credit to customers across Sweden, Norway, Denmark and Finland.
The sale is expected to release around £0.9bn of risk weighted assets, increasing Barclays' common tier equity ratio by around four basis points. The deal is expected to complete by year-end 2025, after buyer regulatory and competition approvals, the bank said in a statement.
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