Top 7 Largest Financial Service Companies in Sweden
In this post, let's examine some of the largest financial services companies in Sweden, ranked by market capitalization. Go directly to other related articles ... read more...on Toplist if you want to see more of the largest financial companies in other regions ranked by market capitalization.
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Abbreviated as SEB, Skandinaviska Enskilda Banken AB is a banking and financial services conglomerate based in Stockholm, Sweden. SEB provides a comprehensive suite of financial services in Sweden and the Baltic States. The bank's primary focus in these countries is providing corporate and investment banking services to corporate and institutional clients. The Wallenberg family of Sweden formed SEB and remains its major shareholder through the investment firm Investor AB.
Skandinaviska Enskilda Banken is worth $22.33 billion as of April 2023. Regarding market capitalization, this places Skandinaviska Enskilda Banken at number 781 globally. Skandinaviska Enskilda Banken's latest financial reports show that the company's current revenue (TTM) is $6.30 B. In 2021 the company made a gain of $6.22 B, an increase over the year 2020 revenue that was $5.50 B.
Founded: 1972
Headquarters: Stockholm, Sweden
Market cap: $22.09 Billion
Revenue in 2022 (TTM): $6.30 B
Website: www.sebgroup.com - seb.se
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Swedbank is a Swedish bank headquartered in Stockholm that provides a variety of banking, financial, and asset management services to the general public. It provides its services to countries including Estonia, Latvia, and Lithuania in addition to its core market of Sweden. Swedbank had a 60% share of the Estonian payments market in 2019, with 900,000 retail customers and 130,000 businesses.
Föreningssparbanken AB became Swedbank AB on September 8, 2006. The Swedish Companies Registration Office registered the amendments to the company's articles of incorporation in the afternoon, prompting the name change. On the same day, FöreningsSparbanken Jordbrukskredit AB became Swedbank Jordbrukskredit AB, and AB Spintab became Swedbank Hypotek AB ("Swedbank Mortgage AB") ("Swedbank Agricultural Credit AB"). Subsidiaries of other companies will also undergo rebranding in the future.
Swedbank is worth $19.32 billion as of April 2023. Based on its current market capitalization, Swedbank is the 872nd most valuable corporation in the world. Swedbank has reported $5.11 billion in revenue for the current fiscal year. The company's revenue in 2021 was $5.23 billion, up from $4.98 billion the previous year.
Founded: 1820
Headquarters: Sundbyberg, Sweden
Website: www.swedbank.com
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In addition to its more traditional corporate banking services, Svenska Handelsbanken AB, a Swedish financial institution, also offers investment banking, trade banking, and consumer banking (including insurance). Handelsbanken, one of the largest banks in Sweden, has locations around the country.
In addition to the other Nordic nations, Handelsbanken's universal banking activities have expanded to the United Kingdom and the Netherlands since the mid-1990s. Britain is home to most of these, with over 200 locations. In October 2021, Handelsbanken announced that it would sell its operations in Finland and Denmark to concentrate on its core markets of Great Britain, Sweden, and Norway.
The value of Svenska Handelsbanken as of April 2023 is $17.33 billion. Based on its current market capitalization, Svenska Handelsbanken is the 957th most valuable corporation in the world. Svenska Handelsbanken has reported TTM revenue of $4.80 billion as of the end of the most recent reporting period. The company's revenue in 2021 was $5.22 billion, up from $4.75 billion the previous year.
Founded: 1871
Headquarters: Stockholm, Sweden
Website: www.handelsbanken.com
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Private equity firm Altor Equity Partners makes leveraged buyout and growth capital investments in the Nordic and Baltic countries and the German-speaking countries of the DACH region. The Stockholm, Sweden-based company was established in 2003 by a group led by Harald Mix, who had previously worked as a partner at another Nordic-focused private equity firm, Industri Kapital.
Since its founding in 2005, the company has raised almost €6.2 billion across three funds. In May 2003, the company successfully closed on €650 million in investor commitments for the Altor 2003 Fund, its first investment vehicle. Altor Fund II (which raised €1.2 billion) and Altor Fund III (which raised €2.0 billion) closed in March 2006 and August 2008, respectively. After receiving commitments totaling €2 billion, Altor concluded its fourth fund in July 2014. In 2019, Altor closed its fifth fund with pledges of €2.5 billion.
Founded: 2003
Headquarters: Stockholm, Sweden
Website: www.altor.com
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With over a million clients, Avanza Bank Holding AB dominates the Swedish stock market and the Stockholm Stock Exchange. Formerly called "HQ.se," Avanza was established in 1999. After being acquired by HQ.se in 2001, Avanza rebranded as Avanza and quickly became the largest brokerage in Sweden, with 80,000 customers.
Avanza established its online magazine Placera Nu in 2006 after purchasing Börsveckan AB. The business introduced the world's least expensive global fund in 2018, with an annual management charge of just 0.05%. Avanza has received the accolade for the happiest savings customers in Sweden from the Swedish Quality Index for the tenth year in a row.
Founded:1999
Headquarter: 103 Regeringsgatan, Stockholm, 111 93, Sweden
Website: www.avanza.se
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Alfred Berg is a Scandinavian asset manager focusing on portfolio management and financial analysis, with offices in both Oslo and Stockholm. The Alfred Berg division of BNP Paribas Asset Management operates independently.
Alfred Berg, a prominent Nordic investment bank, was established in Sweden in 1863 by Carl Gustav Hierzéel, the same year the Stockholm Stock Exchange debuted. Alfred Berg, a banker, acquired the business in 1901 and gave his name to the corporation. The Kahm family held the Alfred Berg for most of the twentieth century. Midway through the 1980s, however, Alfred Berg sold the company to Volvo and began expanding internationally by purchasing the majority of shares in the Norwegian firm Gunnar Bhn & Co. This marked the beginning of our work to create a Nordic firm grounded in regional knowledge.
Shortly after entering the Norwegian market, Alfred Berg also entered the Danish one, acquiring Brdr—Trier, Denmark's oldest brokerage firm, around 1877. Alfred Berg continued to grow during the 1990s, opening new offices in major cities like Helsinki, London, New York, and Moscow. ABN AMRO purchased Alfred Berg in 1995.
Founded: 1863
Headquarters: Oslo and Stockholm, Sweden
Website: www.alfredberg.se
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Nordnet AB (publ), or Nordnet, is a Swedish financial services provider in the Nordic region. Since its inception in 1996, when it pioneered the role of Internet broker in Sweden, Nordnet has become a full-service financial institution. Savings and investments, loans, and pensions are the company's three main lines of operation.
Nordnet serves customers in Denmark, Finland, and Norway through regional offices in Copenhagen, Helsinki, and Oslo, in addition to Sweden, where the headquarters are located. As of April 2020, Nordnet can boast a whopping one million users.
Nordnet introduced Swedish direct deposits in 2017 and was the first Swedish bank to do so. Broker-free trading in exchange-traded instruments, an increased offering in mortgages, a new mobile application, a share lending program, and digital advisory services are other examples of launches from 2017–2018.
Founded: 1996
Headquarters: Stockholm, Sweden
Website: nordnetab.com