Year-end data shows that Swedbank's decline in its share of the Swedish mortgage market has accelerated during the fourth quarter. Swedbank's continued reduction can be attributed in part to revelations about alleged money laundering and margin pressure from new competitors. However, NCR notes that growing mortgage books at savings banks is also affecting Swedbank's volumes.
Over the same period, Sweden's housing prices declined somewhat, driven by lower prices for single-family homes, in particular in Malmö and Sweden's mid-sized cites.
Click here to read the full story and to access the interactive charts: https://nordiccreditrating.com/insight/swedish-mortgage-market
Analyst contact details:
Sean Cotten, +46 735 600 337, sean.cotten@nordiccreditrating.com
Geir Kristiansen, +47 907 845 93, geir.kristiansen@nordiccreditrating.com