Länsförsäkringar Bank is the fifth largest retail bank in Sweden, with a business volume amounting to SEK 204 billion on December 31, 2009.
The services of the banking operations are primarily directed to private individuals and farmers, with a full range of services. Banking business can be conducted at 116 branches of the regional insurance companies throughout Sweden and via the Internet and telephone.
Lending to the public amounted to SEK 100 billion on December 31, 2009 and retail mortgage lending in the subsidiary Länsförsäkringar Hypotek amounted to SEK 68 billion. The market share for household and retail mortgage lending was 4.0% on December 31, 2009 and the percentage of market growth was almost 11% during the year. Deposits from the public amounted to SEK 37 billion on December 31, 2009 and the market share for deposits was 3.4% on December 31, 2009. The share of market growth for deposits was almost 9% during the year.
According to the 2009 Swedish Quality Index (SQI), Länsförsäkringar has Sweden’s most satisfied bank customers in the retail market for the fifth time and the most satisfied retail mortgage customers for the sixth time and the fifth consecutive year. The number of customers amounted to 759,000 on December 31, 2009.
The 24 regional and independent Länsförsäkringar insurance companies own Länsförsäkringar AB and Länsförsäkringar AB owns Länsförsäkringar Bank.
Legal structure for the Bank Group
