Swedbank, which counts its main markets as Sweden and the hard-hit economies of Latvia, Lithuania and Estonia, has paid a heavy price for lending to the Baltic region during years of red-hot growth. A double-digit recession in the Baltics has led to huge losses for several Nordic lenders this year, but many say there are signs they may have seen the worst of the fallout. Analysts in a Reuters poll have forecast a profit of 93 million dollars for the bank in 2010.
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