Top List of Banks in Sweden

In global banking, Sweden is one of the most developed countries globally. The country boasts a solid financial sector and is home to some of the largest banks in Europe. The biggest banks in Sweden are owned by the government and represent different country regions. They offer a full range of services, including online and international banking.

If you're looking for information on opening a bank account in Sweden or want to learn more about some of the best Swedish banks, read on to find out which are considered among the top banks in Sweden. The list below will help you find some banks in Sweden:

Nordea Bank AB

Nordea Bank AB (NDA) is a Swedish financial services group and the most influential financial group in Northern Europe. The name "Nordea" comes from the Swedish Bank Nordbanken, formed through a merger of two banks in 1992. The Nordea Group has around 10 million customers, approximately 133 branches as of the year ended 31 December 2017, and more than 29,000 employees as of 2016. As of 2020, Nordea Bank AB had total assets amounting to $630,732(Millions of US $).

Nordea Bank AB is a Swedish financial group for retail and wholesale banking. 

Svenska Handelsbanken AB

Handelsbanken was founded in 1871 in Stockholm. The Bank's business concept is to "create long-term relations with selected customers and to meet their needs for banking and financial services." Handelsbanken does not have branches but has customer centers, typically representing the Bank in a local area. Handelsbanken is one of the leading banks in Sweden with over 450 customer centers. The Bank is also represented in Denmark, Finland, Norway, Luxembourg, the UK, the Channel Islands, Jersey, and the Netherlands. The Group has more than 1 million personal customers and 75,000 corporate customers. Handelsbanken's business concept is to provide value-creating banking services to its customers.

In 2018, Handelsbanken had 12,549 employees (average) and total assets of SEK 2.978 trillion.

Skandinaviska Enskilda Banken

SEB is a Nordic financial group for corporate customers, institutions, and private individuals with headquarters in Stockholm. SEB has about 15,714 employees as of 2014 and more than 670 branch offices throughout the Nordic region and Germany. As of 2014, the Bank had an estimated asset of around 2.614 trillion SEK. SEB was established in 1972 when Stockholms Enskilda Bank and Skandinaviska Banken merged to form a new company. In 1991 SEB acquired the insurance company Trygg-Hansa, making it one of Sweden's largest insurance companies.

SEB offers financial advice and a wide range of financial services. They also offer banking services for companies, institutions, and private individuals. Their business concept is to provide first-class service based on expertise, close customer relations, and high-tech solutions.


The company was founded in 1820 as Sweden's first savings bank. In 1992, it merged with Sparbanken Sverige and changed its name to Swedbank. The company offers retail banking, asset management, life insurance, and investment services.

Swedbank is one of the largest retail banks in Sweden. In the Nordic region, they are among the leading financial groups of both customers and employees. They offer a wide range of financial products and services to private individuals and corporate customers. They have approximately 3.5 million private customers and 600 000 corporate clients. The Bank had an approximate number of employees of 15,614 of 2019 across its 153 branches and total assets amounting to 376 billion USD as of 2019.

Carnegie Investment Bank AB

Carnegie Investment Bank AB is a Swedish financial services company. It was founded in 1803 and provides private banking, investment banking, and asset management services. Its activities include retail and corporate banking products and services, brokerage and trading, asset management, securities research, investment banking services, and corporate advisory. Carnegie has operations in Sweden, Denmark, Finland, and Norway. Carnegie has offices in Stockholm, Gothenburg, Malmö, Oslo, and Helsinki. As of 31 December 2020, it has around 166 billion Swedish kronor (SEK) in assets under management, and it has also ensured employment of more than 600 people across its branches by 2019.

Ikano Bank

Ikano Bank is a Swedish Bank offering banking services for individuals and businesses in the Nordic region. It was established on 14 November 1988. Its headquarters are in Lund, Sweden. Its largest owner is the Kamprad family, founders of IKEA. The company offers various financial services to its customers, mainly private individuals, and small and medium-sized enterprises. These services include loans, savings accounts, insurance, credit cards, and leasing.

As of 2020, Ikano Bank has assets worth SEK 42 billion (€3.8 billion), with over 1 million customers and 4,600 employees across the Nordics with a single branch.

Forex Bank AB

Forex Bank AB is the market-leading foreign exchange bureau in the Nordic region. The company was founded in 1927, providing services for travelers at the Central Station in Stockholm. Since then, they have grown into one of the largest retail forex brokers in the Nordics and are still growing. The Bank specializes in currency exchange for both private consumers and corporate customers. They help their customers to make payments abroad, and we provide them with travel money in 70 different currencies. They also offer financial services such as international money transfers. In addition to this, they offer a variety of products for saving and borrowing money.

Their branches are located in Denmark, Finland, Norway, and Sweden, and the branches are approximated to be 130 in total. In 2020 its total assets were 10 434,00 mln SEK, and it also had 450 employees 2020.


Skandiabanken (Swedish: Skandiabanken) is a bank in Sweden established in 1999. Skandia's insurance company owns it, and it has 270 employees (2020). In 2020 its total assets were 89 934,00 mln SEK. At the end of 2019, Skandiabanken had 54 branches in Sweden, up from 51 at the end of 2018.[9]

OverviewSkandiabanken in Sweden offers several financial products and services to private individuals, including bank accounts, savings, home loans, life insurance policies, and investment products. 

Sveriges Riksbank (Bank of Sweden)

Sveriges Riksbank (Bank of Sweden) is the central Bank of Sweden. It was founded in 1668, and it has been active in several different roles ever since. Its primary function is to promote a sound and efficient payment system. The Bank also oversees and promotes a stable payments system and economic growth through lending to credit institutions. The Bank is estimated to have had assets worth $96,448,500,000 as of 2020 and a total number of employees summing up to 200.


Westra Wermlands Sparbank

Westra Wermlands Sparbank is a Swedish bank that was founded in 1872. The Bank has its headquarters in Arvika and operates primarily in the counties of Värmland, Dalsland, Västergötland, and Östergötland. In 2020 its total assets were 12 137,96 mln SEK, providing the Bank with a market share of 0.10%. In 2020 there was a total number of over 100 employees working at Westra Wermlands Sparbank AB. The Bank operated in 7 cities and towns and had 7 branches in Sweden. As of 2020, Westra Wermlands Sparbank AB's operating profit was 385,64 mln SEK.

The Bank offers savings accounts, loans, mortgages, debit cards, and insurance products.


Q. Is it easy to open a bank account in Sweden?

A. Yes, it's straightforward to get a bank account in Sweden. Present your passport, proof that you are registered in Sweden for the first time, and, if required, a document confirming your employment or study when visiting the Bank.