With a Developed Structure, the Top 5 Swedish Banks Account for Over 80% of the Total Assets of all Swedish Banks

Hartford, CT -- (SBWire) -- 11/16/2016 --The banking structure in Sweden is very developed. There are about 114 which are majorly classified into four categories; Joint-stock banks, foreign banks, Savings banks and Cooperative banks.While all the banks in Sweden are of different sizes and specialization, the banks which have made it to the top 5 in the country are Nordea, Handelsbanken, SE-banken, Swedbank and the Ikano Bank. Out of these five banks, Swedbank, Handelsbanken, Nordea and SEB are active in all the segments of the financial market of the country and account for over 80% of the total assets of all the Swedish banks. Their share exceeds 80% in the deposit market and lending market is 70%.

The Swedish financial services group's Nordea operates in the North of Europe. A Finnish insurance company, Sampo is the largest shareholder of Nordea. The total assets value of the bank stands at $702.92 billion in the year 2016. The number of employees working for the bank is around 29,500. Nordea has been named the 'Best Provider of Private Banking Services in the Nordic and Baltic Region' by the Euromoney financial magazine each year from 2008 to 2014.

SkandinaviskaEnskildaBanken is yet another Swedish Financial Group meant for corporate customers, institutions and private individuals. The bank also known as SEB in short majorly provides banking services but at the same time also carries out life insurance operations. The bank also owns Eurocard. The main products of the bank include retail banking, merchant banking, wealth management, life insurance and pensions. The revenue as on 2014 is SEK 46.94 billion while the operating income amount is SEK 23.35 billion as on 2014.

The Swedish bank SvenskaHandelsbanken provides banking and insurance products. This is one of the oldest banks that was founded 145 years ago in 1871. The total asset of the bank as on 2015 was $359.8 billion.

Handelsbanken holds a very strong position on the Nordic bank market. The bank has over 460 branches. The bank has a very strong network in Sweden with branches all over the country and also in other Nordic countries.

Swedbank has over 9.5 million retail customers and 622,000 corporate customers and the value of total assets as on 2011 was SEK 1.857 trillion. The consumer finance bank, Ikano Bank, was established in 1995 and is into retail banking. Ikano Bank offers loans, savings accounts and partner business supplying sales finance solutions to large retailers, including IKEA, Stadium, Volkswagen, Audi, Lindex, Hemtex, Fritidsresor and Vi.

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