Swedbank has its roots in the Swedish savings bank movement, which dates back to 1820. Sweden’s savings banks were founded to help people achieve a higher standard of living and greater security through financial planning. Swedbank AB was founded through a merger of several local savings banks in 1992. Swedbank AB is a full-service universal bank offering retail and corporate banking products and services to private individuals and companies. Swedbank AB also coordinates Sweden’s savings banks technical solutions and the provision of a common range of products and services.
Swedbank AB is the 3rd largest bank in Sweden in terms of total assets. In 2019 its total assets were 1 421,91 bln SEK. Swedbank AB had 8 543 employees in 2019.
Swedbank AB is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).
Swedbank AB participates in the deposit guarantee scheme of Sweden. This deposit guarantee scheme applies to deposits in all types of accounts made by private individuals, legal entities and covers up to up to 950,000 SEK per bank per depositor. Swedbank AB is a member of Swedish National Debt Office (SNDO) and makes its contributions into it.
Swedbank AB is a member of Swedbank (Sweden).
Swedbank AB is headquartered in Sundbyberg.
Swedbank AB is authorized and supervised by the Financial Supervisory Authority.