Swedbank (OTCPK:SWDBY) has a high-dividend yield that is sustainable over the long-term, making it one of the best income plays within the European banking sector.
Swedbank is a retail and commercial bank from Sweden, providing several financial products and services including mortgage loans, insurance, and asset management. Swedbank is Sweden’s largest retail bank in terms of customers, often described as the mass market bank.
The banks’ home markets are Sweden and the three Baltic countries (Estonia, Latvia and Lithuania), where it serves some 7 million individual and 600,000 corporate customers. It has 315