Skandiabanken AB (publ)

Skandia is a Swedish customer-owned banking and insurance company. Scandia offers a broad range of loans and savings, mutual funds, insurance products and services.

Financials

Total Assets (2017)
69 445.00 mln SEK  (+6.33%)
Number of Employees (2017)
309  (-4.92%)

In 2017 total assets of Skandiabanken AB (publ) were 69 445,00 mln SEK. Skandiabanken AB (publ) had 309 employees in 2017.

Skandiabanken AB (publ) is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade).

Skandiabanken AB (publ) participates in deposit guarantee scheme of Sweden. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Lindhagensgatan 86, 106 55, Stockholm, Sweden
08-788 10 00

Skandiabanken AB (publ) is headquartered in Stockholm.

Bank Identifiers

MFI ID
SE11116
Company Number
516401-9738

Financial Positions

Total Assets (2017)
69 445.00 mln SEK  (+6.33%)
Total Equity (2017)
3 766.00 mln SEK  (+3.38%)

In 2017 total assets of Skandiabanken AB (publ) were 69 445.00 mln SEK. Growth compared to the previous period (2016) was 6.33%. The evolution of the total assets of Skandiabanken AB (publ) is shown at Chart 1 below.

Total Assets of Skandiabanken AB (publ).

Chart 1. Total Assets of Skandiabanken AB (publ).

Recent changes in total assets of Skandiabanken AB (publ) and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 56 733.0 59 190.0 +4.33%
Total Assets 65 311.0 69 445.0 +6.33%
Table 1. Recent changes in total assets of Skandiabanken AB (publ) (mln SEK).

Recent changes in total liabilities of Skandiabanken AB (publ) and its main components are shown in Table 2.

2016 2017 % change
Customer deposits 38 008.0 38 800.0 +2.08%
Total Liabilities 65 311.0 69 445.0 +6.33%
Table 2. Recent changes in total liabilities of Skandiabanken AB (publ) (mln SEK).

Number of Employees

Number of Employees (2017)
309  (-4.92%)

In 2017 there were 309 employees of Skandiabanken AB (publ). Decline compared to the previous period (2016) was -4.92%. The evolution of the number of employees of Skandiabanken AB (publ) is shown at Chart 2 below.

Number of Employees of Skandiabanken AB (publ).

Chart 2. Number of Employees of Skandiabanken AB (publ).

Credit Ratings (as of May 2018)

Fitch Moody's
- (not rated) A2 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Skandiabanken AB (publ) is rated by Moody's.

Credit ratings assigned to Skandiabanken AB (publ) as of May 2018 are shown in details in the following sections.

Moody's

Long-term rating for Skandiabanken AB (publ) it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Baseline credit assessment is baa2. Short-term rating is not assigned.

Long-Term Rating  A2
Long-Term Bank Deposit Rating  A2
Baseline Credit Assessment  baa2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Skandiabanken AB (publ) is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Sweden are obliged to participate in Swedish deposit guarantee scheme.

In the case of Skandiabanken AB (publ) failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, companies and other legal entities
Covered Accounts  deposits in all types of accounts
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Skandiabanken AB (publ) is shown in the table below.

MFI ID  SE11116

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  516401-9738

Domestic Presence

Branches (2017)

In 2017 Skandiabanken AB (publ) had 1 branches in Sweden. The value didn't change compared to the previous period (2016). The evolution of the number of branches of Skandiabanken AB (publ) is shown at Chart 3 below.

Branches of Skandiabanken AB (publ).

Chart 3. Branches of Skandiabanken AB (publ).

European Presence: 3 banks in 2 countries

Skandiabanken AB (publ) operates under the brand name Skandiabanken. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Norway

Sweden

  • (this bank) Skandiabanken AB (publ) (Stockholm)