Banking and Financing Business in Sweden

The Swedish Financial Market

The Swedish Financial Market has expanded rapidly during the last decade. Companies have broadened the scope of their business, and many new companies have entered the market. One important change is the bank-insurance concept, i.e. banking and insurance operations are offered by the same financial group. This position has been adopted by all the leading actors on the Swedish market and we have a new structure for the financial services industry today. Furthermore, the customers are banking more and more via the internet or the phone. These new channels of distribution have enabled the development of new services and strengthen the competition on the market.

There are four main types of banks on the Swedish market; Swedish commercial banks, foreign banks, savings banks and co-operative banks. Commercial banks can be divided into three categories, the largest of which comprises the four Swedish major banks; FöreningsSparbanken, Svenska Handelsbanken,