UBS has increased its target price for Swedbank to 264 SEK and reaffirmed its takeover offer. Swedbank operates primarily in retail banking, generating 80% of its revenue, with significant operations in Sweden and the Baltic States, while also engaging in investment banking and asset management. By the end of 2023, the bank expects to have 1,230.4 billion SEK in deposits and 1,782 billion SEK in loans, supported by a network of 408 branches.