Barclays sells Entercard stake to Swedbank
By Frank Prenesti
Date: Thursday 28 Aug 2025
(Sharecast News) - 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.
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.
Reporting by Frank Prenesti for Sharecast.com
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN