Bank- and finance statistics 007 Published in juni 008
CONTENTS Table Basic facts about Swedish banking market Commercial banks The banking market in Sweden The major Swed ish banking grou ps Savings banks 4 Banks operating profits, loan lo sses 5 and balance sheet total Banks assets and liabilities 6 Banks deposits and lending 7 Mortgage credit institu tions 8 Mortgage credit institutions lending 9 Corporate finance institutions 0 Insurance companies Fund management companies Swedish Bankers Association publish annually statistics of the Swedish banking and financial market. The statistics presents the most important companies in the market and their activities. The tables are published at our website www.bankforeningen.se. Tables which are not yet updated have been marked with a grey background. Contakt person: Christian Nilsson Phone: 08-45 44 4 E-mail: christian.nilsson@bankforeningen.se The Swedish Bankers Association
Basic facts about the Swedish banking market Banks Dec 007 Bank lending to the public Dec 007 Total number 6 Total lending, SEK billions 00% 79 of which: Swedish commercial banks 8 of which: Households 4% 648 foreign commercial banks 4 Companies 40% 094 foreign banks' branches 7 Local governments 4% 97 savingsbanks 65 Foreign public 9% 80 cooperative banks Others 4% 98 Bank branch offices Dec 007 Mortgage lending (first mortgages) Total number 950 by collateral Dec 007 of which: commercial banks 7 Total lending, SEK billions 00% 86 savings banks 7 of which: One-familiy dwellings 60% 9 Tenant-owner apartments 7% 08 Bank employees 007 Apartment blocks % 45 Total number 9 698 of which: commercial banks 7 08 Mortgage institutions lending savingsbanks 590 distributed by initial interest rate period New loans during the period 006 007 Internet-bank agreements Dec 007 flexible interest rate 54% 46% Total number 7 74 000 fixed -5 years 7% 9% of which: private individuals 6 980 000 fixed >5 years 9% 5% companies 76 000 Household financial savings Dec 007 ATMs (Automated Teller Machines) 006 Total portfolio, SEK billions 00% 08 Total number of ATMs 807 of which Deposits 9% 867 Number of transactions, millions 5 Insurance savings 7% 80 Transaction amount, SEK billions 78 Shares 0% 67 Mutual funds 6% 485 Payments 006 Bonds 5% 40 Total number of transactions, millions 959 Others % 98 of which: Checks Credit cards 95 Household loan from the financial Debit cards 994 sector, by collateral Dec 007 Paper-based credit transfers 86 Total loans, SEK billions 00% 950 Non paper-based credit transfers 487 of which: One-familiy dwellings 6% 04 Direct debit 97 Tenant-owner apartments 7% 0 Other property 9% 7 Bank deposits from the public Dec 007 Unsecured credits 8% 54 Total deposits, SEK billions 00% 0 Financial instruments % of which: Households 4% 87 Guarantees 0% 8 Companies 6% 5 Other collateral % 58 Local governments % 6 Foreign public 0% 405 Others 8% 60 Swedish Bankers Association
Commercial banks, December, 007 Swedish banks parent No. of No. of em- Lending to Deposits from Total share- Balance companies, and subsidiaries branches ployees the public the public 4 holders equity sheet total and branches of foreign banks in Sweden in Sweden (SEK m) (SEK m) (SEK m) (SEK m) SEB 5 90 6 9 6 59 4 0 9 9 56 77 Handelsbanken 6 46 6 984 7 66 48 487 56 0 59 70 Swedbank 7 45 8 75 6 48 557 6 95 997 56 Nordea Bank 8 8 7 54 5 940 05 40 65 89 497 Danske Bank, branch 9 59 6 97 8 6 4-66 7 SkandiaBanken 7 44 40 50 6 78 55 70 Länsförsäkringar Bank 0 00 664 0 984 9 90 8 50 57 DnB NOR Bank, branch 7 88 06-8 56 GE Money Bank 5 5 5 8 9 545 6 950 Carnegie Investment Bank 66 5 76 4 664 46 775 Dexia Crédit Local, branch 64.. - 4 Kaupthing Bank Sverige 9 7 9 0 4 9 674 Hypo Real Estate Bank Int., branch 9 6 86 0-6 57 ABN AMRO Bank, branch 45 0 75 79-5 80 Calyon Bank, branch 45 067-749 Färs & Frosta Sparbank 6 4 9 7 9 560 7 0 9 Swedbank Sjuhärad 86 9 9 8 88 845 9 89 Nordnet Bank 8 87 8 0 878 9 50 HQ Bankaktiebolag 8 7 56 448 50 8 57 ICA Banken 96 4 45 7 509 6 8 404 Sparbanken Gripen 79 7 050 6 67 46 8 99 Citibank, branch 0 6 00 00-8 00 IKANO Banken 79 6 7 5 904 778 7 4 Avanza Bank 6 0 6 70 48 7 46 Bank of Scotland plc, branch 8 6 888 0-6 90 Varbergs Sparbank 8 7 5 8 5 060 60 6 568 Sparbanken Skaraborg 6 07 4 6 4 78 48 6 66 Santander Consumer Bank, branch 4 58 080 0-4 97 Resurs Bank 40 4 65 564 4 4 65 Sparbanken Lidköping 6 05 66 4 65 Eskilstuna Rekarne Sparbank 96 954 755 4 9 EFG Investment Bank 5 05 08 879 94 6 Tjustbygdens Sparbank 59 7 75 997 Bergslagens Sparbank 7 65 7 55 47 8 Toyota Kreditbank, branch 658 8-76 MedMera Bank 55 69 99 57 Forex Bank 6 468 564 85 69 5 Ölands Bank 5 55 97 900 7 446 Volvofinans Konto Bank 8 68 6 79 Vimmerby Sparbank 99 997 4 64 The Royal Bank of Scotland, branch 48.... - 67 Evli Bank, branch 5.... - 549 Parex banka, branch 9 0 68-6 UBS Switzerland Stockholm, branch 8 0 0-5 Straumur-Burdaras Investment Bank hf, branch 5.... - 97 HSH N Bank, branch 0 0 0-5 Banque Invik, branch 4 0 0-5 Aareal Bank AG, branch 0 0 0-9 UBS UK Stockholm, branch 0 0 0 - Deutsche Bank, branch.... -.. American Express Bank, branch 4............ Bank Bankaktiebolag............ Ceptum Bank 5............ Eurohypo AG, branch............ FCE Bank, branch............ Fortis Bank, branch............ HSBC Bank, branch............ Kaupthing Bank hf, branch............ Renault Finance Nordic bankbranch 6............ Total 7 7 7 08 54 890 888 84 77 50 5 87 0.. Figures not available from the bank. Swedish Bankers Association Page
Please note that the figures of the Swedish commercial banks include the parent banks operations in both Sweden and abroad. Operations in subsidiaries are not included in the figures. The figures of the foreign banks branches include only the operations in Sweden. Information on the banks operations in the Swedish market can be found in table The Swedish banking market. Information on the major Swedish banking groups can be found in table The major Swedish banking groups. Footnotes to Table A branch is defined as an autonomous bank branch. Many banks also provide certain banking services 4 5 6 7 8 9 0 4 5 6 7 through agents like i.e. petrol stations and retail stores. Average during the year. Lending to the public (households, companies, local governments etc.). Deposits and funding from the public (households, companies, local governments etc). The increase in lending to the public compared to 006 is to a large extent due to that SEB Bolån (mortgage institution) and SEB Finans (financing institution) were merged into the mother bank SEB. Stadshypotek Bank, former subsidiary bank of Handelsbanken, was merged into Handelsbanken during 007. Swedbank acquired Swedbank Söderhamn during 007. Nordea Bank is the mother bank of the Nordea group and includes mainly the Swedish business of Nordea. Nordea's businesses in the other Nordic countries are included in separate subsidiaries and not in the mother bank. The bank operates through different brand names, e.g. Östgöta Enskilda Bank, Bohusbanken and Upplandsbanken. Danske Bank acquired Sampo Bank branch during 007. Employees of Länsförsäkringar Bank also includes bank employees at the regional Länsförsäkringar-insurance companies, the owner of the bank. The legal name of the branch is "Crédit Agricole Stockholm branch to Calyon Bank S.A. France". The bank is partly owned by Swedbank. Citibank branch and CitiFinancial Europe branch merged during 007 American Express Bank GmbH branch received a banking licence in Sweden during 007. The business activities started however first in 008. Ceptum Bank received a banking licence in Sweden during 007. The business activities started however first in 008. The legal name of the branch is "Renault Finance Nordic Bank branch to RCI Banque SA France" The increase in "lending to the public" is partly due to that SEB Bolån (mortgage institution) and SEB Finans (financing institution) were merged into the mother bank SEB during 007, see note 5. NB. All figures relate to the post year-end situation. Source: Each bank respectively. Swedish Bankers Association Page
The banking market in Sweden, end of year Deposit and funding from the public, excluding repos (Million SEK) Danske Swedbank Handelsbanken SEB Bank, branch 4 Nordea Bank Skandia- Banken Länsförsäkringar Bank Other banks 00 8 65 67 094 75 65 9 0 689 7 606 09 746 898 90 00 9 847 69 0 0 700 69 568 9 08 9 4 96 7 54 9 7 00 08 96 77 06 08 98 7 95 7 560 660 6 40 7 58 980 495 004 6 5 89 55 7 44 76 86 9 79 59 7 498 49 74 08 6 005 8 97 08 94 6 00 4 44 47 8 9 50 67 899 4 40 006 74 68 45 88 54 97 6 05 6 69 5 96 94 09 0 859 007 56 88 69 76 44 848 7 4 8 5 6 489 8 0 487 47 Total Lending to the public (Million SEK) Swedbank Handelsbanken Nordea Bank SEB 5 Danske Bank, branch 4 Skandia- Banken Länsförsäkringar Bank Other banks Total 6 00 85 579 4 84 7 459 58 76 75 69 4 56 48 00 967 067 00 77 855 50 5 7 70 5 49 85 45 5 6 5 876 57 56 989 888 00 85 77 6 67 64 807 0 870 85 654 6 4 7 5 60 7 986 90 004 80 996 8 4 44 59 6 94 98 89 7 4 8 00 8 006 8 005 9 78 5 764 58 596 5 85 45 7 8 50 8 40 5 004 45 0 006 6 699 9 478 7 456 5 80 76 48 0 96 9 0 55 745 05 70 007 7 579 8 7 85 450 50 09 865 75 08 586 80 5 Includes banks on a solo basis, i.e. when the bank is a part of a financial group only the figures of the 4 mother bank is included. Possible subsidiaries are not included in the figures. Until 006 including the subsidiary Stadshypotek Bank. During 007 Stadshypotek Bank was merged into Handelsbanken. Including Postgirot bank year 00 The bank operates through different brand names, e.g. Östgöta Enskilda Bank, Bohusbanken and Upplandsbanken. Lending from the public increased strongly during 005. The increase in lending is mainly a result of that the mortgage lending business, earlier in a separate subsidiary, has been moved in to the bank. 5 After a merger in 007 the lending to the public of former SEB Bolån (mortgage institution) and former SEB Finans (financing institution) are included in the SEB figures. 6 The total increase in "lending to the public" during 007 is partly due to that SEB Bolån (mortgage institution) and SEB Finans (financing institution) were merged into the mother bank SEB during 007, see note 5. Source: Statistics Sweden. Swedish Bankers Association Page 4
The major Swedish banking groups, December, 007 No. of em- No. of em- Lending to Deposits from Totalt share- Balance ployees ployees in the public the public 4 holders equity sheet total Sweden (SEK m) (SEK m) (SEK m) (SEK m) Nordea 867 8 07 4 007 46 04 6 86 679 6 SEB 5 8 949 067 4 750 48 76 58 44 46 Handelsbanken 0 09 7 54 9 988 5 84 74 49 859 8 Swedbank 955 9 450 5 87 458 75 68 607 984 Total 85 554 4 04 5 809 6 067 7 8 68 9 49 89 4 Including all the subsidiaries (however, do not include mutual insurance companies). Average during the year. Lending to swedish and foreign public (households, companies, local governments etc. Deposits and funding from swedish and foreign public (households, companies, local governments etc.). Exclu issued securities, etc. Source: Each bank respectively. 4 Savings banks 007-- The ten largest No. of No. of em- Lending to Deposits from Capital and Balance savings banks branches employees the public the public 4 reserves sheet total (SEK m) (SEK m) (SEK m) (SEK m) Sparbanken Finn 0 4 57 57 9 7 4 Kristianstads Sparbank 4 97 60 7 97 806 47 Sörmlands Sparbank 8 0 5 9 6 859 909 8 9 Sparbanken Nord 55 7 4 6 808 8 8 097 Sparbanken Syd 6 0 6 57 5 07 55 7 088 Sparbanken Alingsås 6 88 4 0 4 776 90 6 08 Falkenbergs Sparbank 5 9 45 4 54 680 4 908 Westra Wermlands Sparbank 7 87 555 609 64 4 884 Roslagens Sparbank 5 95 607 577 76 4 8 Orust Sparbank 4 45 50 067 79 4 0 Total above 88 9 6 09 59 07 86 79 090 Total all savings banks (65) 7 590 0 80 597 699 46 406 4 The former savings banks now operating as limited liability banking companies are shown in table Commercial banks. Average during the year. Lending to swedish and foreign public (households, companies, local governments etc.). Deposits and funding from swedish and foreign public (households, companies, local governments etc.). Source: The National Federation of Independent Savings Banks and Sparbanken Finn Swedish Bankers Association Page 5
5 Banks operating profits, loan losses and balance sheet total (SEK m) Operating profits of which dividends from group companies Loan losses Balance sheet total 99-8 546-57 57 58 644 99-6 - 46 47 454 64 994 5-4 67 456 708 995 8 50-9 070 584 98 996 976 67 4 790 86 65 997 5 85 6 04 4 6 45 94 998 08 675 696 40 48 999 8 77 0 9 4 466 78 000 5 905 6 9 65 88 5 00 9 57 5 84 57 45 9 00 5 074 5 74 60 88 75 00 76 8 58 64 90 64 004 6 86 078 565 879 0 005 7 05 9 64 78 4 59 904 006 7 9 48 65 4 5 088 69 007 49 566 5 59 984 6 06 59 All banks that have operated in Sweden during 00 and are under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). Also included are foreign owned bank branches operating in Sweden. Swedish credit companies branches abroad are also included. After loan losses Net loan losses Source: Statistics Sweden, Financial Enterprises Swedish Bankers Association Page 6
6 Banks assets and liabilities, December, 007 Assets, Billion SEK Ultimo December Ultimo December Lending to financial institutions Securities other than shares Shares and other equities Lending to the public, Derivatives Other Assets Total 996 668 40 7 49 0 75 997 87 56 6 95 9 9 998 998 567 45 0 4 64 47 999 065 598 85 4 7 476 000 74 760 87 5 66 97 00 80 869 40 6 54 65 60 00 40 85 47 45 59 59 80 00 67 867 508 56 58 5 80 004 446 4 555 59 0 90 005 79 87 74 6 54 5 4 58 006 044 445 790 8 97 9 5 50 007 79 540 8 49 4 0 6 08 Liabilities and equity, Billion SEK Deposits from the financial Deposits from the public 4 sector Securities etc. issued Derivatives Other liabilities Equity Total 996 795 457 5 9 0 9 75 997 97 547 0 58 8 998 975 688 0 96 7 47 999 00 60 78 0 4 476 000 85 757 4 6 84 6 97 00 69 88 49 50 99 67 60 00 4 88 477 8 4 55 80 00 84 787 444 84 5 66 80 004 45 067 540 85 45 90 005 64 8 87 55 45 7 4 58 006 860 7 94 7 5 8 5 50 007 0 54 78 40 697 94 6 08 All banks that have operated in Sweden during the year and are subject to supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). Also included are foreign owned bank branches operating in Sweden. Swedish credit companies branches abroad are also included. Lending to swedish and foreign public (households, companies, local governments etc.). The increase in "lending to the public" during 007 is partly due to that SEB Bolån (mortgage institution) and SEB Finans (financing institution) were merged into the mother bank SEB during 007. 4 Deposits and funding from swedish and foreign public (households, companies, local governments etc.). Source: Statistics Sweden Swedish Bankers Association Page 7
7 Banks deposits and lending by sector, end of year (SEK billion) Households Business Public Foreign Others Total sector sector Deposits 998 48 69 5 69 6 975 999 444 5 4 8 00 000 44 60 47 47 90 85 00 487 90 55 59 77 69 00 54 40 7 77 84 4 00 556 87 4 9 07 84 004 569 99 4 8 45 005 68 46 56 6 4 64 006 7 57 70 408 5 860 007 87 5 6 405 60 0 Lending 4 998 06 44 47 5 68 998 999 5 489 5 4 58 065 000 6 546 59 8 88 74 00 8 640 74 5 5 80 00 94 67 60 55 64 40 00 98 6 9 4 8 67 004 4 68 4 98 65 446 005 5 74 49 5 54 79 006 40 89 68 665 8 044 007 648 094 97 80 98 79 All banks that have operated in Sweden during 00 and are under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). Also included are foreign owned bank branches operating in Sweden. Swedish credit companies branches abroad are also included. Deposits and funding from the public (households, companies, local governments etc.). The increase in lending to "households" and "business sector" during 007 is partly due to that SEB Bolån (mortgage institution) and SEB Finans (financing institution) were merged into the mother bank SEB during 007. Lending to the public (households, companies, local governments etc.). Source: Statistics Sweden, Financial Markets Statistics 8 Mortgage credit institutions, December, 007 Outstanding loans Owner SEK million Swedbank Hypotek 478 876 Swedbank Stadshypotek 480 9 Handelsbanken Nordea Hypotek 86 67 Nordea SBAB 78 587 State owned Länsförsäkringar Hypotek 6 568 Länsförsäkringar Bank During the year SEB merged its mortgage institution SEB Bolån into the mother bank and is therefore no longer part of the statistics. Loans for residential property, commercial property and local government sector. Excluding Swedbank Jordbrukskredit (Farming and forest property credits) Source: Financial institutions included in the list. Swedish Bankers Association Page 8
9 Mortgage lending to the public, SEK billion Distribution by collateral Singlefamily dwellings Tenantowner apartments - of which tenants cooperative associations Apartment buildings Totalt 996 4 7 496-946 997 49 9 47-99 998 46 4 44-99 999 499 44 48-97 000 5 58 48 7 987 00 555 75 49 8 048 00 60 96 45 87 4 00 67 9 400 85 9 004 749 5 400 96 0 005 869 96 95 0 460 006 966 40 9 09 597 007 9 08 45 86 During the period 996 to 006 the figures represent the mortgage credit institutions lending secured by single-family dwellings, tenant-owner apartments and apartment buildings. From 007 the figures includes besides mortgage credit institutions lending also mortages (first mortgages) from Danske Bank, DnBNOR and Skandiabanken.The 007 figures are therefore not directly comparable with earlier figures. SEB Bolån ceased to be a mortgage credit institution in 007 after having merged into SEB, but are included in the statistics for the year 007 through the SEB mortgage lending (first mortgages) figures. Tenant owned apartments are flats in a housing association/cooperation. Legally the housing association is the owner of the building and the apartments in it. The resident of a tenant owned apartment is a member of the housing association according to his/her owning share and has the apartment at his/her disposal. Tenant owned apartments are traded on the open market. Owner flats are not legally possible in Sweden. Source: Statistics Sweden, Financial market statistics and Swedish Bankers' Association 0 Corporate finance institutions, December, 007 Loans outstanding Owner (SEK millions) AB Svensk Exportkredit 09 87 The state Kommuninvest i Sverige AB 77 98 Kommuninvest ekonomisk förening Landshypotek AB 9 75 Landshypotek ekonomisk förening FöreningsSparbanken Jordbrukskredit AB 5 77 Swedbank Hypotek Svenska Skeppshypotekskassan 5 80 The state Including the subsidiaries Sveriges Allmänna Hypoteksbank, Landshypotek Jordbrukskredit and Lantbrukskredit. Source: Each institute respectively. Swedish Bankers Association Page 9
Insurance companies, December, 007 Assets (SEK m) Per cent Skandia 40 458,9 SEB Trygg Liv 64,7 AMF Pension 90 068 7, Handelsbanken Liv (incl. SPP Liv) 69 555 0, Länsförsäkringar 6 049 9,7 Folksam (incl. KPA och Förenade Liv) 56 577 9, Swedbank Försäkring 70 709 4, Nordea Liv 5 549,5 Danica Pension (Danske Bank) 7 87 0,5 Avanza Pension 7 80 0,4 Moderna Försäkringar 6 90 0,4 Salus Ansvar 54 0, Others 59 0,7 Total 677 0 00,0 Life insurance, excl. labour market insurance. Source: Swedish Insurance Federation. Fund Management Companies, December, 007 Assets under management (SEK m) Per cent Swedbank Robur 90 5,5 SEB Fonder 8 978 7,0 Handelsbanken Fonder 605,8 Nordea Fonder 90 77,5 Sjunde AP-fonden 90 05 5,4 Länsförsäkringar Fonder 64 569,9 Skandia Fonder 5 566, Folksam 5 805, AMF Pension 44 45,7 Danske Fonder 6 099,6 Others 5 958 5, Total 659 46 00,0 Sjunde AP-fonden is an authority owned by the state that has been set up to administer two funds within the premium pension system. Source: The newsletter "Fond & bank" Swedish Bankers Association Page 0