Sweden banking institutions specialize and market to different needs. Swedish commercial banking is highly sophisticated and user-friendly, and allows for easy use via Internet, and Sweden is a highly English-speaking country. These factors make banking in Sweden an attractive possibility. Chose the Swedish banking institution that best meets your goals:
1. General commercial banking, including loans, credit, checking and savings
2. Mortgage loans and credit
3. Business financing of commercial ventures
4. Fund savings
Universal banks offer general banking services for personal and commercial needs, including all types of deposit, checking and credit services. Obtain mortgage credit from specialized mortgage banks. Stick to one of the financing commercial banks in Sweden if you must finance commercial business.
Action Steps
The best contacts and resources to help you get it done
Compare Sweden banks based on your needs
Contact one of the major Swedish institutions based on the kind of service you need. However, be assured that the primary Sweden commercial banks will meet all of your general commercial and personal banking needs and may be the only stop you must make when banking in Sweden. An advantage of these Swedish bank institutions is that they all have English-speaking staffs and English-language web sites.
I recommend: The primary universal banks in Sweden are
Nordea,
Swedbank and
SEB. I recommend these banks for all of your general Sweden commercial banking needs. Take out mortgages through the mortgage arm of Swedbank. Finally, obtain commercial financing through
Kommuninvest or
Landshypotek.
Evaluate foreign banks that conduct commercial banking in Sweden
Don't forget the large, reputable foreign banks who have presence in Sweden. Corporate banking in Sweden is conducted through these banks as well. Consider these options when conducting business both in Sweden and the larger European theater.
I recommend: Contact
Danske Bank Sweden to compare services with Sweden banks.
Check with both US and Swedish agencies to ask about Swedish commercial banking
Both Federal and Swedish institutions can answer your questions when you consider Sweden commercial banking.
I recommend: Contact the
U.S. Commercial Service, which provides a wealth of knowledge about banking in Sweden, including lists of U.S. subsidiaries doing business in Sweden, helpful tips about selling into Sweden and information about fair trade.
Consider investing with Sweden banks
The variety and number of mutual funds has increased dramatically in Sweden in recent years. Consider the more than 70 fund management companies when looking for an investment. These fund managers are often a branch of the universal banks mentioned above.
I recommend: Check out
Swedbank Robur, named Fund Manager of the Year for 2007.
Tips & Tactics
Helpful advice for making the most of this Guide
- Sweden banking institutions have developed a very sophisticated ability to conduct banking services via telephone. Check to make sure you have a cellular phone that functions overseas if you travel to Sweden, to take full advantage of the banking technology.
The official source of Banks in Sweden is the Banks in Sweden page at Business.com
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