Dagens industri: Ålandsbanken Grows; MG Launches New Electric SUV in Sweden

Ålandsbanken is experiencing significant growth in the Swedish market through its focus on personalized service within its Premium Banking and Private Banking segments. Concurrently, automotive manufacturer MG is launching the MGS5 EV, a new electric SUV specifically designed for the Swedish consumer. Ålandsbanken targets clients with a minimum of 1 million SEK and 10 million SEK in assets for its Premium and Private Banking services, respectively. The bank's Private Banking division has reportedly doubled in size. Christian Lindahl, Head of Private Banking Sweden, emphasizes the bank's role as trusted advisors providing a comprehensive approach to both corporate and personal financial management. To this end, Ålandsbanken assembles dedicated teams of experts in asset management, law, and financing for each client, tailoring strategies to individual goals and financial structures. In other news, MG is introducing the MGS5 EV, a fully electric SUV developed to meet the demands of Swedish car buyers. Constructed on a dedicated electric platform with the battery integrated into the vehicle's floor, the MGS5 EV boasts a spacious interior and a low center of gravity. The vehicle achieved a five-star safety rating in the 2025 Euro NCAP crash test and incorporates MG's Pilot system, offering advanced driver-assistance features. The MGS5 EV will be available with two battery options: a standard 49 kWh battery providing a range of up to 340 km, and a long-range 64 kWh battery extending the range to approximately 480 km. The vehicle supports rapid charging, achieving a 10 to 80 percent charge in approximately 24 to 28 minutes.