Sparbanken Skaraborg AB (publ)

Financial, Sweden
Corporate profile

Sparbanken Skaraborg is one of Sweden's largest savings banks in terms of total business volumes (including transferred loans and savings). The bank operates primarily in four municipalities in the county of Västra Götaland in southwestern Sweden; Skara, Vara, Essunga, and Götene. The bank is also active in other areas of what was previously Skaraborg county, including the municipalities of Falköping, Skövde and Mariestad. The bank was established in 1847 and is wholly owned by Sparbanksstiftelsen Skaraborg, a foundation that receives dividends from the bank.

Sparbanken Skaraborg has a history of cooperation with Swedbank, which enables material product diversity and shared IT costs, as well as providing the opportunity to finance commercial and retail mortgage lending via Swedbank Hypotek AB (publ), Sweden's largest issuer of covered bonds.