SBAB — Mediated Wiki

{{Infobox company | name = SBAB Bank AB (publ) | logo = SBAB Logo 09.2024.svg | type = Public limited company (publ) | industry = Banking and Financial services | key_people = Jan Sinclair (Chairman)<br /> Mikael Inglander (CEO) | founded = 1985 | hq_location = Stockholm Municipality, Sweden | area_served = Sweden | owner = Government of Sweden | revenue = 5.37 billion SEK (2024)<ref name="DagensIndustri2025">{{cite news |title=SBAB robust trots svag marknad |url=https://www.di.se/bors-finans/sbab-skickar-963-miljoner-till-staten/ |work=Dagens Industri |date=2025-02-02 |language=sv |access-date=2025-11-05}}</ref> | net_income = 2.90 billion SEK (2024)<ref name="DagensIndustri2025"/> | assets = 537.8 billion SEK (2024)<ref name="FT2025">{{cite news |title=SBAB: Årsresultat 2024 och utdelning till staten |url=https://www.ft.se/bank/sbab-arsresultat-2024-utdelning-till-staten/ |work=Finans Tidningen |date=2025-02-03 |language=sv |access-date=2025-11-05}}</ref> | equity = 26 billion SEK (2024)<ref name="FT2025"/> | website = [https://www.sbab.se/1/in_english sbab.se] }}

'''SBAB Bank AB (publ)''', known as '''SBAB''', is a major Swedish government-owned bank, operating primarily in the domestic mortgage and savings market. Since its foundation in 1985, SBAB has grown into one of Sweden's leading mortgage institutions.<ref name="SvD2019">{{cite news |title=SBAB får ny ordförande |work=Svenska Dagbladet |date=2019-05-17 |url=https://www.svd.se/sbab-far-ny-ordforande |language=sv |access-date=2025-11-05}}</ref><ref name="SKI2025">{{cite web |title=Swedish Quality Index – Bank and Mortgage Customer Satisfaction 2024 |url=https://www.kvalitetsindex.se/bransch/bank-och-finans/ |publisher=Svenskt Kvalitetsindex |access-date=2025-11-05}}</ref> SBAB’s profit distributed to the Swedish state for 2024 amounted to 913 million SEK (approximately €82 million).<ref>{{Cite web |last=FinWireText |date=2025-02-07 |title=SBAB ökar intäkter och resultat – staten får 40 procent av vinsten |url=https://www.di.se/nyheter/sbab-okar-intakter-och-resultat-staten-far-40-procent-av-vinsten/ |access-date=2025-11-05 |website=Dagens industri |language=sv}}</ref>

== History == SBAB was established on 1 July 1985 as '''S'''tatens '''B'''ostadsfinansierings'''a'''ktie'''b'''olag ''({{Literal translation|The State Housing Finance Company}})'', with a mandate to finance government housing loans previously funded through Sweden's national budget.<ref name="SvDFoundation">{{cite news |title=SBAB växer med nya sparformer |work=Svenska Dagbladet |date=2007-03-22 |url=https://www.svd.se/a/edd33727-3c15-306e-b2d0-dd811388e991/sbab-fokuserar-pa-bolan |language=sv |access-date=2025-11-05}}</ref>

In 1989, after market deregulation, SBAB entered international capital markets, including Tokyo and London.<ref name="HistoryPress2024">{{cite web |title=Our History–SBAB |url=https://www.realtid.se/bors-finans/sbab-vaxer-med-nya-affarer/ |work=Realtid |language=sv |access-date=2025-11-05}}</ref>

Starting in 1991, it became a competitive lender in the Swedish private mortgage market and expanded its product range over the following decades.<ref name="SvDFoundation" /><ref name="HistoryPress2024" />

By 2010 SBAB had secured a full banking license from the Swedish Financial Supervisory Authority, allowing it to offer deposit accounts as well as retail loans.<ref name="FI2010">{{cite web|url=https://www.fi.se/insynsregister/finansinspektionen/fi-styr-staten-sbab-bank/|title=Finansinspektionen godkänner SBAB:s banktillstånd |publisher=Finansinspektionen |date=2010-11-30 |access-date=2025-11-05}}</ref>

SBAB issued Sweden’s first covered bonds in 2006 via AB Sveriges Säkerställda Obligationer (SCBC), and has since continuously diversified its funding base.<ref name="DIcovered">{{cite news|title=SBAB först med säkerställda obligationer|work=Dagens Industri|date=2006-09-13|url=https://www.di.se/bors-finans/sbab-obligationer-forst|access-date=2025-11-05}}</ref>

The bank also owns a majority stake in Booli, a leading real estate data and listing platform.<ref name="BooliSvD">{{cite news|title=SBAB köper Booli för att bredda erbjudandet|work=Svenska Dagbladet|url=https://www.svd.se/a/edd33727-3c15-306e-b2d0-dd811388e991/sbab-koper-booli|date=2016-12-21|access-date=2025-11-05}}</ref>

== Activities == SBAB’s core business is in mortgage and consumer lending for private individuals and credit provision for housing cooperatives and property companies.<ref name="DagensIndustri2025"/> It also operates a well-regarded savings platform, with popular fixed-term and regular deposit products.<ref name="SvDFoundation"/> The bank is recognized for its work on sustainability and transparency, and has launched numerous green lending and savings solutions targeting energy efficiency and environmental standards in housing.<ref name="RealtidGreen2024">{{cite news|title=SBAB lanserar grönt bolån|work=Realtid|date=2024-04-10|url=https://www.realtid.se/bors-finans/sbab-lanserar-gront-bolan-och-hallbarhetslan|access-date=2025-11-05}}</ref>

SBAB regularly appears in independent national rankings for high customer trust and satisfaction, as measured by the Swedish Quality Index.<ref name="SKI2025"/>

== Structure and subsidiaries == SBAB's headquarters are in Stockholm Municipality with offices in Karlstad, Gothenburg, and Malmö. It is wholly owned by the State of Sweden and subject to the corporate governance rules applicable to state-owned enterprises.<ref name="SvD2019"/><ref name="TT2023">{{cite news|title=SBAB – fortfarande statens bank|work=TT Nyhetsbyrån|date=2023-12-04|url=https://tt.omni.se/sbab-statlig-bolag-forblir-statligt-bank|access-date=2025-11-05}}</ref>

Key subsidiaries include: * '''AB Sveriges Säkerställda Obligationer (SCBC)''', the covered bond issuer<ref name="DIcovered" /> * '''Booli Search Technologies AB''' (real estate data and listings)<ref name="BooliSvD" />

== Financial performance == In 2024, SBAB reported lending of 537.8 billion SEK and a net profit of 2.90 billion SEK, among the highest results in its peer group, despite a slower national real estate market.<ref name="DagensIndustri2025"/><ref name="FT2025"/> It maintained a Common Equity Tier 1 ratio of 12.7% and proposed a state dividend of 913 million SEK.<ref name="FT2025"/>

Sector watchers and consumer groups have repeatedly described SBAB as having the highest trust index among Swedish banks over the past decade.<ref name="SKI2025"/>

== Corporate governance == Owned 100% by the Swedish government, SBAB’s board is led by Jan Sinclair (chair since 2019) and CEO Mikael Inglander (since 2022). The bank operates with a prominent focus on sustainable business practices and public accountability.<ref name="TT2023"/>

== References == <references />

== External links == * [https://www.sbab.se/en SBAB Bank official website (English)]

Category:Banks of Sweden Category:1985 establishments in Sweden