Omnipresent in Sweden and Denmark, Silver Group is a financial services holding company providing a wide range of services to the public. The company started operations in 1989 and currently comprises 12 companies in Sweden, 6 in Denmark and one in the Netherlands. The wide range of services offered are retail banking, asset management, pensions and corporate banking and services. Silver Group aims to meet the financial needs of individuals as well as businesses.
Silver Group is owned by the founders, employees and external shareholders. The current majority shareholder is EQT, a leading investment firm in Sweden. The headquarters of Silver Group are located in Stockholm, Sweden but the holdings are mainly located in the two Scandinavian countries. The company has its presence in 11 towns and cities in Sweden and 17 in Denmark.
One of the main strategic goals of Silver Group is to strengthen the presence in the retail banking services in both countries. The company has been successful in this field and currently has a market share of around 12 percent in Sweden, making it one of the leading retail banks in the nation. The group’s retail banking services in Sweden include consumer banking, mortgages and mortgage-related services, deposits and overdrafts, debit and credit cards, as well as personal banking services.
Silver Group also provides a range of asset management services in both countries. The company offers private and institutional investors an array of investment options to choose from. This includes the publicly traded companies in Sweden like Swedbank, Nordea, and FöreningsSparbanken. Investment products offered by Silver Group include mutual funds, pension funds and various types of securities.
Silver Group is involved in pension management as well as corporate banking in both countries. The company provides retirement planning, pension management and consulting services to both private and corporate customers. The pension plans offered by Silver Group meet the regulations of both countries. Corporate banking services provided by the company include financing, leasing, business consulting and debt restructuring, as well as the management of company assets.
The company is also involved in IT services, particularly providing software solutions to financial institutions. This sector is especially important for Silver Group as it has developed some new technologies for the banking sector in the Scandinavian countries. In Denmark, for example, the company has provided a mobile banking platform with user-friendly features and functions.
Despite being a private company, Silver Group has consistently been a global leader in its industry. In fact, the company is listed on NASDAQ OMX Stockholm and Copenhagen stock exchanges and has been included in the list of Global Top 20 Banks. With the acquisition of Sydbank from Danske Bank in early 2010, the groups market position further strengthens in Scandinavia.
In recent years, Silver Group has also expanded into the Netherlands and is now offering some of its services to the Dutch market. The company is also investing heavily in digital banking services as well as corporate banking, in order to keep up with technological advancements and to provide better customer service.
Overall, Silver Group is a well known and respected financial services company operating in Scandinavia. The company has a diversified business and a global presence, and is expected to continue to provide its services in an efficient and effective manner. As the demand for financial services grows, Silver Group is likely to remain a major player in the Scandinavian financial industry.
