SBAB Bank

What SBAB Bank does

SBAB Bank AB (publ) is a Swedish state-owned retail bank, wholly owned by the Swedish state since it began operations on 1 July 1985. The bank specializes in residential mortgages (Bolån), personal loans (Privatlån), and deposit savings products (Sparkonto), with supplemental offerings including a Green Mortgage (Grönt Bolån) discounted for energy-rated properties, bridge loans (Överbryggningslån), deposit loans (Handpenningslån), and an energy-renovation personal loan (Kilowattlånet). SBAB's primary customer segment is individual Swedish consumers; secondary segments are tenant-owner associations (bostadsrättsföreningar) and property companies (fastighetsbolag), served exclusively within Sweden.

The bank operates a fully digital distribution model with no physical branches: products are delivered via sbab.se, the SBAB mobile app (iOS and Android), and Internetbanken, with secure authentication through Sweden's national BankID e-identification system. Core technology components include an AI chatbot for general customer inquiries (knowledge retrieval over website content with automatic PII filtering), behavioral analytics and personalization tooling (Kameleoon, Contentsquare, Google), and integration with Tink open-banking for the Räntematchen rate-comparison service. SBAB's wholly-owned subsidiary Booli Search Technologies AB operates Sweden's largest aggregated property portal (Booli) plus Booli Pro and Hittamäklare (a free real-estate-agent matching service), forming an integrated housing funnel from property search through agent selection to mortgage origination. Mortgages are funded in part through transfers to AB Sveriges Säkerställda Obligationer (SCBC), SBAB's wholly-owned covered-bond issuer. In May 2021 SBAB acquired a 58% stake in Boappa, a Stockholm-based SaaS company serving housing communities and developers, extending the franchise into proptech for the corporate segment.

Name

SBAB Bank

Legal name

SBAB Bank AB (publ)

Website

https://sbab.se

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SBAB Bank AB (publ) is a Swedish state-owned retail bank offering residential mortgages, personal loans, and savings products to Swedish consumers through a fully digital platform, supported by an integrated housing ecosystem via subsidiaries Booli, Hittamäklare, and Boappa.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

Mortgage Bankers & Loan Correspondents (6162), Personal Credit Institutions (6141)

akta.pro primary industry

Bank Branch / Retail Purchase Mortgages (FSALAAAA)

akta.pro secondary industries

Securities Borrowing & Lending (Equities/Bonds) (FSACAIAC), Agency (GSE) Multifamily Lending (FSALADAD)

Keywords

• Residential mortgage lending
• Retail banking services
• Consumer savings products
• Personal loan services
• Property platform services

Headquarters

HQ city

Karlstad

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others, Infrastructure

Revenue model

1. Residential Mortgage Lending (Bolån): SBAB's core product — mortgage lending to Swedish consumers secured against residential property. The bank offers mortgages with various binding periods (3 months to 10 years), with rates starting from 2.62% (3-month, for loans with 60% LTV or lower). Mortgages may be originated directly by SBAB or transferred to its wholly-owned subsidiary SCBC (AB Sveriges Säkerställda Obligationer) for covered bond securitization. SBAB also offers 'Grönt Bolån' (Green Mortgage) with a rate discount for energy-efficient properties (A0–C rating). Supplementary mortgage products include bridging loans (överbryggningslån, up to 180 days, unsecured) and deposit mortgages (handpenningslån, up to 180 days, unsecured).
2. Personal Loans (Privatlån): Unsecured personal loans for Swedish consumers for purposes including home renovation, car purchase, energy efficiency improvements (energilån with discount), and debt consolidation. Rates are individually assessed. The bank also facilitates insurance broking as a complement to its lending products.
3. Savings Products: Retail savings products including standard savings accounts (sparkonto) with variable rates (1.25% as of June 2026), fixed-rate savings accounts (fasträntekonto, 2.30% for 3–6 months), children's savings accounts (barnsparkonto), and 'Bufferthjälpen' emergency savings tool. All deposits are protected under Sweden's deposit guarantee scheme (up to 1,150,000 SEK per depositor). Interest paid to depositors represents a funding cost for the bank.
4. Real Estate Technology Services (via Boappa): Following its acquisition of Boappa (initial 58% stake in 2021), SBAB offers SaaS-style software for housing communities (bostadsrättsföreningar) and developers, covering communication, booking, and marketplace functions for housing communities. This represents SBAB's extension into adjacent proptech services.
5. Corporate and Housing Association Lending: Corporate Clients & Tenant-Owners' Associations business area offers savings and financing to property companies (fastighetsbolag) and tenant-owners' associations (bostadsrättsföreningar). Products include corporate loans, new production financing, reorganisation support, and investment products for tenant-owner associations.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels10 records

Core offering

SBAB Bank AB (publ) is a Swedish state-owned digital bank providing residential mortgages (Bolån), personal loans (Privatlån), and deposit savings products (Sparkonto, Fasträntekonto, Barnsparkonto) to individual consumers, alongside corporate lending and financing to tenant-owners' associations and property companies. It supplements its core lending business with a housing-services ecosystem including the Booli property search portal, Hittamäklare agent matching, and the Boappa SaaS platform for housing communities. All products are delivered through fully digital channels (website, mobile app, internet bank) with no physical branch network.

Product overview

SBAB Bank AB (publ) is a Swedish state-owned bank (wholly owned by the Swedish state since 1985) offering a broad consumer and property-focused banking platform. The core retail offering centers on Bolån (residential mortgages), complemented by Privatlån (personal loans) and Sparkonto (savings accounts including fixed-rate and children's savings). SBAB also offers specialized mortgage products — Grönt Bolån (green mortgage with interest discounts for energy-efficient homes), Överbryggningslån (bridge loans up to 180 days for transitional housing), and Handpenningslån (earnest money loans up to 180 days) — as well as Kilowattlånet for energy renovations. The digital banking experience is delivered through the SBAB App (iOS/Android) and Internetbanken (web), with tools like Räntematchen (rate comparison powered by Tink), Kontantinsatskollen (deposit calculator), and Huskalkylen (housing cost calculator). SBAB's subsidiary ecosystem includes Booli and Booli Pro (property search portals) and Hittamäklare (real estate agent matching), all under Booli Search Technologies AB. SBAB also acquired Boappa in 2021, adding real estate community management software for housing associations and developers. Security features include Beloppsgräns (transfer amount limits) and Extra godkännare (dual approval for transfers), delivered via Kivra (digital mailbox integration).

Differentiator

Problem solved

Functional benefit

Brands

• Booli: A real estate search portal (bostadssajt) offering Sweden's largest aggregated listing inventory, property valuations, and transaction data.
• Booli Pro
• Hittamäklare
• Grönt Bolån
• Räntematchen

Products and services

• Bolån (Mortgage Loans) SBAB's primary product — residential mortgages for consumers purchasing or refinancing homes in Sweden. Available with variable (3-month) or fixed-rate binding periods from 2 to 10 years, with rates set by LTV band. Includes the option to move an existing mortgage from another bank.
• Privatlån (Personal Loans) Unsecured personal loans for Swedish consumers for purposes such as home renovations, car purchases, and debt consolidation, with individually assessed rates and fixed monthly repayments over an agreed term.
• Sparkonto (Variable-Rate Savings Account) Standard savings account (sparkonto) with a variable interest rate (1.25% as of 2026-06-27) and free withdrawals. All deposits protected under Sweden's deposit guarantee up to 1,150,000 SEK per depositor.
• Fasträntekonto (Fixed-Rate Savings Account) Fixed-term savings account locking funds for a defined period (e.g., 3 or 6 months) at a contractual rate (2.30% as of 2026-06-27). Deposit-guaranteed up to 1,150,000 SEK per depositor.
• Barnsparkonto (Children's Savings Account) Dedicated savings account for children, offered as part of SBAB's retail savings lineup with deposit guarantee coverage.
• Grönt Bolån (Green Mortgage) A residential mortgage variant offering an interest rate discount for properties with energy classifications A0, A, B, or C, incentivising energy-efficient housing.
• Kilowattlånet (Kilowatt Loan) A consumer loan product targeting energy-efficiency upgrades to homes, providing financing for energy-saving improvements.
• Överbryggningslån (Bridge Loan) A short-term unsecured loan (blancolån) up to 180 calendar days used to bridge financing between the sale of one property and the purchase of another.
• Handpenningslån (Earnest Money Loan) A short-term unsecured loan up to 180 days used to finance the deposit (handpenning) required when purchasing a new property before the existing property's sale completes.
• Booli Property Search Portal Sweden's largest aggregated property listing platform, operated by SBAB's subsidiary Booli Search Technologies AB. Provides property listings, valuations, and historical transaction data to consumers searching for homes.
• Booli Pro Professional-tier property search and analytics platform offered by SBAB subsidiary Booli Search Technologies AB, targeting real estate professionals.
• Hittamäklare (Estate Agent Matching Service) A free real estate agent comparison and matching service operated by SBAB's subsidiary Booli Search Technologies AB, allowing users to compare agents, read reviews, and find the right agent for a property sale.
• Boappa Housing Community SaaS SaaS-style software platform for Swedish housing communities and property developers covering communication, booking, and marketplace functions for residential communities. Stockholm-based company founded in 2016, acquired by SBAB in 2021.
• Corporate and Tenant-Owners' Association Lending & Savings Corporate and housing-association business area offering savings and financing to property companies (fastighetsbolag) and tenant-owners' associations (bostadsrättsföreningar), including corporate loans, new production financing, reorganisation support, and investment products.

Quantifiable outcome

• A 27-year-old with median income can now afford an average studio apartment in 23 of 25 largest Swedish municipalities thanks to raised mortgage caps, as of June 2026

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability5 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• BoappaminorStrategic or Co-development Partner · 11 May 2021SBAB acquired Boappa in May 2021 in a deal involving an initial 58% stake. Boappa, founded in 2016 and headquartered in Stockholm, provides a SaaS application for the Swedish real estate industry, facilitating communication, booking, and marketplace functions for housing communities (bostadsrättsföreningar) and developers. The acquisition extended SBAB into proptech services for housing communities.
• KivracoreTechnology or IntegrationKivra is a digital mailbox service that SBAB is connected to, enabling SBAB to deliver statements, terms, and other correspondence digitally. Kivra is a payment institution under the supervision of Finansinspektionen. The partnership reduces SBAB's environmental footprint by eliminating paper mailings. Customers receive email notifications when new documents arrive in their Kivra mailbox.
• TinkcoreTechnology or IntegrationTink is an open banking platform used by SBAB for its 'Räntematchen' (Rate Match) service. With the customer's consent, SBAB retrieves the customer's existing loan amount and interest rate from their current bank via Tink, presenting the equivalent cost at SBAB's rates. This enables competitive switching from rival mortgage providers.
• BankIDcoreTechnology or IntegrationBankID is Sweden's national electronic identification system, jointly issued by Swedish banks. SBAB uses BankID (Mobilt BankID, BankID on card, BankID on file) as the primary secure authentication mechanism for all online banking services. BankID is described as 'as personal as a physical ID card or driver's license' and is protected by comprehensive development work and the user's personal password. SBAB also offers a security token (säkerhetsdosa) for customers who cannot use BankID.
• Swedish Banking Sector (Svårlurad)minorGTM or Marketing PartnerSBAB participates in Svårlurad (svårlurad.se), a joint initiative with other Swedish banks to raise public awareness about fraud and scams. This is an industry-wide collaboration rather than a bilateral partnership.
• AB Sveriges Säkerställda Obligationer (SCBC)coreStrategic or Co-development PartnerSCBC is SBAB's wholly-owned subsidiary used for covered bond issuance (säkerställda obligationer). Mortgages may be transferred to SCBC, and SCBC's covered bonds serve as security for its funding. SCBC is a distinct legal entity (org nr. 556645-9755) that SBAB can transfer loan receivables to for securitization purposes.
• Booli Search Technologies ABcoreStrategic or Co-development PartnerBooli Search Technologies AB is SBAB's wholly-owned subsidiary operating Sweden's largest aggregated property listing portal (booli.se) and Booli Pro. It drives customer acquisition for SBAB's mortgage products by capturing consumers at the property search stage, and also provides SBAB with housing market data. The subsidiary also operates Hittamäklare (estate agent matching).
• Riksgälden (Swedish National Debt Office)coreOthersRiksgälden administers Sweden's deposit guarantee scheme (insättningsgarantin) that protects SBAB depositors up to 1,150,000 SEK per depositor. Compensation period is 7 working days in case of SBAB's insolvency. Riksgälden's contact: 08-613 52 00, [email protected].

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Swedbank: Largest Swedish retail bank by mortgage and deposit market share. Directly competes with SBAB in residential mortgages, savings, and digital retail banking across the same Swedish consumer base.
• Handelsbanken: Swedish universal bank with strong branch-based residential mortgage franchise. Competes with SBAB on mortgage pricing and savings products, primarily targeting Swedish retail and corporate customers.
• Nordea: Largest Nordic bank with a significant Swedish mortgage and retail banking presence. Directly comparable business model in Swedish residential mortgages, personal loans, and deposits; SBAB's focused mortgage franchise is a sub-scale competitor in the same market.
• SEB: Major Swedish universal bank with a large residential mortgage book and corporate property lending arm. Competes head-to-head with SBAB in retail mortgages and savings products for Swedish consumers and property companies.
• Ikano Bank: Swedish consumer and mortgage lender with digital retail focus. Competes with SBAB in unsecured personal loans (Privatlån) and selective mortgage segments for Swedish households.
• Länsförsäkringar Bank: Mid-sized Swedish bank with a significant mortgage franchise distributed via regional insurance affiliates. Competes with SBAB primarily in residential mortgages and savings products for Swedish households.
• Avanza Bank: Leading Swedish online savings and brokerage platform with a retail deposit franchise. Direct competitor to SBAB's Sparkonto offering for Swedish retail savings, with overlapping digital-only positioning.

Others

• Klarna: Swedish fintech dominant in consumer payments and 'buy now, pay later'. Adjacent rather than direct — competes for the same digitally native Swedish consumer wallet but does not originate mortgages or take deposits.

Emerging players

• Stabelo: Swedish mortgage marketplace that partners with institutional capital to offer competitive mortgage rates online. Comparable in target market and digital distribution model to SBAB's retail mortgage funnel.
• Hypoteket: Swedish digital-only mortgage lender offering consumer-direct mortgages with low overhead. Emerging challenger applying direct-to-consumer pressure on SBAB's branchless-but-incumbent mortgage positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sbab-bank
• Facebookfacebook.com/SBABbank
• Instagraminstagram.com/sbab
• YouTubeyoutube.com/@sbab
• Xx.com/sbabbank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SBAB Bank