Published by Global Banking & Finance Review®
Posted on August 28, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleBarclays sells its Entercard stake to Swedbank for $273 million, enhancing its CET1 ratio. The deal is set to finalize by year-end.
LONDON (Reuters) -Barclays has agreed to sell its stake in joint venture Entercard Group to partner Swedbank AB for an estimated 2.6 billion crowns ($273.2 million), the British lender said on Thursday.
The sale continues Barclays' efforts to dispose of non-core operations in recent years. In April it agreed to sell most of its British payments business to Brookfield Asset Management.
Swedbank will buy out Barclays' stake in Entercard, which provides consumer credit in the Nordics, at the 2.6 billion crown book value estimated in March and will pay in cash.
Barclays said the sale should release 900 million pounds ($1.22 billion) of risk-weighted assets, increasing its common equity Tier 1 (CET1) ratio by around 4 basis points.
The deal is expected to complete by the end of the year.
($1 = 9.5157 Swedish crowns)
($1 = 0.7402 pounds)
(Reporting by Pushkala Aripaka in Bengaluru and Tommy Reggiori Wilkes in LondonEditing by Sherry Jacob-Phillips and David Goodman)
Barclays has agreed to sell its stake in Entercard Group for an estimated 2.6 billion crowns, which is approximately $273.2 million.
The sale is part of Barclays' ongoing efforts to dispose of non-core operations, as seen in its previous agreement to sell most of its British payments business.
The sale is expected to release 900 million pounds of risk-weighted assets, which will increase Barclays' common equity Tier 1 (CET1) ratio by around 4 basis points.
The deal is anticipated to complete by the end of the year.
Swedbank AB will buy out Barclays' stake in Entercard, which provides consumer credit in the Nordic region.
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