Sweden

Sweden's banking system is large relative to the economy and dominated by three domestically headquartered universal banks, SEB, Handelsbanken and Swedbank, alongside Nordea, which is headquartered in Finland but remains one of the largest lenders in Sweden through its Swedish branch. In October 2026 Finansinspektionen's company register listed 127 banks, including 40 savings banks and 37 Swedish branches of foreign banks. The five largest credit institutions held 54.8% of sector assets in 2025 on ECB data, and Finansinspektionen reports that seven banks account for more than 80% of lending to the public.