List of Banks in Sweden

The Swedish banking system is stable and safe. Currently, there are more than 120 banks operating in Sweden including commercial banks, savings banks, co-operative banks and foreign financial institutions. The three biggest Swedish banks are Svenska Handelsbanken, SEB and Swedbank. The largest foreign banks in Sweden are Nordea and Danske Bank. Sveriges Riksbank is the central bank of the country and the oldest central bank in the world. Here is a list of the major and popular banks in Sweden.

Top 5 Banks in Sweden

Following are the largest banks in Sweden in terms of total assets.

Nordea Bank

Nordea Bank Abp is the leading bank in Sweden and the Nordic region with an extensive network of branches and ATMs, 10 million customers, 28,000 full time employees and almost €600 billion in total assets. Nordea is one of a few European banks with an AA rating. The Bank's shares are traded on the Stockholm, Copenhagen and Helsinki stock exchanges.

Skandinaviska Enskilda Banken

Skandinaviska Enskilda Banken (SEB), with over 4.4 million customers, offers corporate, retail and private banking services through about 200 branches in Sweden and 20 offices internationally. The company’s four main divisions are Large Corporates & Financial Institutions, Corporate & Private Customers, Baltic division and Life & Investment Management. The firm was established in 1856 and is headquartered in Stockholm. SEB shares are listed on the Nasdaq Stockholm stock exchange.

Svenska Handelsbanken

Svenska Handelsbanken AB, founded in 1871, is one of the big four banks in Sweden. It operates approximately 440 branches in six home markets and employs more than 12,000 people. The Bank is rated Aa2, AA and AA- by Moody's, Fitch and Standard & Poor's, respectively. Handelsbanken is one of the safest banks in Sweden and Europe, according to Global Finance ranking.

Swedbank

Swedbank AB is one of the major Swedish banks with about 160 branches and 4.3 million private and corporate customers in Sweden and 3.2 million clients in Baltic countries. It has a presence in Finland, Denmark, Norway, the U.S., Luxembourg, China and South Africa. The Bank's offerings include savings and current accounts, consumer, commercial and industrial loans, debit and credit cards, life and general insurance, pension products, securities, investment banking as well as advisory, real estate, trading, clearing and settlement services. It is the best bank in Sweden according to Global Finance magazine.

Danske Bank

Danske Bank (Sverige Filial) is one of the leading foreign banks in Sweden. It provides a comprehensive range of financial services including deposit and lending products, mortgages, credit cards, insurance, leasing, private banking, asset and wealth management, corporate finance, real-estate brokerage, mobile and online banking, foreign currency exchange and other services.

SBAB Bank

SBAB Bank AB is a state-owned bank providing retail and corporate banking services with main product - residential mortgages. The company was established in 1985 and today employs approximately 950 people in Stockholm, Solna, Karlstad, Gothenburg and Malmo. It has the most satisfied mortgage customers according to Swedish Quality Index. For the year ended December 31, 2023, SBAB reported total assets of SEK 651 billion, net profit of SEK 488 million and total operating income of SEK 1.25 billion.

Lansforsakringar Bank

Länsförsäkringar Bank AB is one of the leading retail banks in Sweden with the highest customer satisfaction among the major market players. It is owned by a group of customer-owned regional insurance companies. As of December 2023, Länsförsäkringar recorded over SEK 470 billion in total assets.

Avanza Bank

Avanza Bank Holding AB, founded in 1999 by Sven Hagströmer, is Sweden’s leading online stockbroker with the largest number of transactions on Nasdaq Stockholm. It offers Swedish and international stocks & funds with very low brokerage fees. It also offers savings accounts with a variable interest rate, investment and pension products as well as one of the cheapest mortgages in Sweden.

Nordnet Bank

Nordnet AB, founded in 1996, is a digital pan-Nordic financial institution providing savings and investment products, personal loans, residential mortgages, debit cards, margin lending as well as pension solutions for private individuals, employers and self-employed people. As of December 31, 2023, it had over SEK 220 billion in total assets, 740 full-time employees and 1.9 million customers.

Ikano Bank

Ikano Bank AB is a retail bank offering simple and fair financial products and services including savings accounts, low interest personal and car loans, credit cards, private label cards, mobile and online banking and other services. With registered office in Almhult, the company is headquartered in Malmo. Founded in 1995, it was originally part of IKEA. Ikano Bank offers mortgage products through fintech mortgage provider Borgo AB.

See also: Largest Banks in Sweden, Foreign Banks in Sweden

Skandiabanken

Skandiabanken AB, established in 1994, is a digital bank headquartered in Stockholm. It provides a range of banking and financial services to individuals, small businesses and organizations. Some of the products and services offered by Skandiabanken include savings accounts, personal loans, credit cards, mortgages and pension and investment products. Skandiabanken is known for its innovative approach to banking and has won several awards for its digital banking platform. Skandiabanken is owned by the Skandia Insurance Company.

Last updated October 15, 2024