Sweden's Volvofinans Bank to join guarantee scheme

Newswire

STOCKHOLM, Nov 26 (Reuters) - Small Swedish bank Volvofinans Bank AB said on Wednesday it would join the Nordic country's state-sponsored guarantee scheme for new lending. The move makes Volvofinans, whose core business is auto financing linked to carmaker Volvo Car Corporation and its parent company, Ford Motor Co , the second bank to join the programme. Ahead of Volvofinans's decision to join the guarantee programme, Swedbank was the only one of Sweden's four big banks to participate. ...

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