There are approximately 125 banks in Sweden including 47 savings banks, 39 commercial banks, 2 co-operative banks and 36 foreign banks. Nordea, Handelsbanken, SEB and Swedbank are the four largest banking groups in the country. Swedish Financial Supervisory Authority (Finansinspektionen), the government agency, regulates all companies in Swedish financial markets. Sveriges Riksbank, established in 1668, is the central bank of Sweden and the oldest central bank in the world. Here is a list of the largest and best banks in Sweden.

Nordea Bank

Nordea Bank Abp is the largest bank in Sweden and the Nordic region with extensive network of branches and ATMs, 10 million customers, 29,000 full time employees and US$641 billion in total assets as of September 2019. The Bank's shares are traded on the Stockholm, Copenhagen and Helsinki stock exchanges. A Finnish insurance company Sampo is the largest shareholder with approximately 20% of the bank’s shares. Nordea is one of a few European banks with an AA rating. The company’s market capitalization was US$30 billion at June 12, 2020.

Svenska Handelsbanken

Svenska Handelsbanken, founded in 1871, is the second largest bank in Sweden with US$325 billion in total assets. It operates almost 800 branches in six home markets, including 390 branches in Sweden, 208 branches in the UK, 56 branches in Denmark, 49 branches in Norway, 36 in Finland and 29 in the Netherlands. It is rated Aa2, AA and AA- by Moody's, Fitch and Standard & Poor's, respectively. Outlook for all ratings is stable The Bank has been ranked as the safest bank in Sweden, by Global Finance.

Skandinaviska Enskilda Banken

Skandinaviska Enskilda Banken (SEB) is the third largest Swedish bank with 4.4 million customers and 15,000 employees. It 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, with a market capitalization of US$21 billion as of December 16, 2019.


Swedbank AB is the 4th largest Swedish bank by assets with about 170 local branches and 7.9 million private and corporate customers. It also has a presence in Finland, Denmark, Norway, the U.S., Luxembourg, China, and South Africa. It offers salary accounts, consumer and installment loans, commercial and industrial loans, mortgages, debit and credit cards, life insurance and accident and disability insurance for employees and companies, pension products, securities; advisory, investment, real estate and trading services, payment, clearing and settlement services, online banking, foreign currency exchange, wire transfers and much more.

Danske Bank

Danske Bank (Sweden), part of Danske Bank Group, is the fifth largest bank in the country in term of total assets. It provides a comprehensive range of banking and financial services including deposit and lending products, mortgage loans, insurance products, leasing, asset management, private banking, corporate finance, real-estate brokerage, mobile and online banking, foreign exchange and other services.


SBAB Bank AB, headquartered in Solna, is owned by the Swedish state. It serves retail and corporate customers offering deposit and loan products, with main product - residential mortgages. The company was established in 1985 and employs over 600 people. During 2018, operating profit and total assets reached US$250 million and US$50 billion, respectively.

Avanza Bank

Avanza Bank Holding AB, founded in 1999 by Sven Hagströmer, is the biggest online stock broker and brokerage company in Sweden, with over 837,000 clients and the largest number of transactions on Nasdaq Stockholm. Avanza has the cheapest mortgage in Sweden, at 0.79% interest rate. The company’s total assets were US$15 billion as of September 30, 2019.

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Updated as of June 12, 2020