SBAB Bank AB

SBAB Bank AB (publ) is a Swedish state-owned bank focused on residential mortgage lending and savings, operating primarily online without a branch network. Founded in 1985 and headquartered in Stockholm, it lends to households, tenant‑owner associations and property companies, and offers unsecured personal loans and savings accounts to private customers in Sweden. Applications and account management are handled digitally with BankID, and customer support is provided via phone and online channels. Deposits are covered by the Swedish deposit guarantee administered by the National Debt Office (currently up to SEK 1,050,000 per person and institution, with additional temporary high‑balance protection under specific circumstances). Mortgage products include variable and fixed‑rate terms, with amortization and affordability assessments applied according to Swedish regulatory requirements; early redemption of fixed‑rate loans may entail a breakage cost. Funding is sourced from retail deposits and the capital markets, including issuance of covered and senior unsecured bonds; a dedicated covered bond entity within the group issues securities backed by mortgage assets. SBAB is supervised by Finansinspektionen and is part of Sweden’s bank resolution framework. The group also owns Booli, a property search and valuation platform. The business model is concentrated on the Swedish housing market, which concentrates credit exposure in that sector and links performance to domestic property conditions and wholesale funding availability.