Savings banks (Sparbanker) in Sweden are regulated by the Savings Banks Act which sets a the system of principals including involvement into ecomonic and social life of local communities. Most savings banks operate in cooperation with Swedbank as regards technical solutions and the provision of a common range of products and services. Swedish savings banks provide full range of retail banking products and services to regional individuals, self-employed professional and companies. The number of savings banks has declined due to small savings banks having merged.
Currently there are 57 local savings banks operating in Sweden.
During 2013-2020 5 savings banks were closed down mainly due to mergers with other savings banks.
Name | Location | Closed On |
---|---|---|
Bergslagens Sparbank AB | Lindesberg | 2024 |
Frenninge Sparbank | Vollsjö | 2015 |
Närs Sparbank | Stånga | 2020 |
Sparbanken 1826 | Kristianstad | 2014 |
Sparbanken Öresund AB | Malmö | 2015 |