Varbergs Sparbank is Sweden's fourth largest savings bank with a total of SEK 49bn in business volumes (assets, including transferred loans, volumes of external and other off-balance products) and SEK 13bn in net lending on its own books. The bank is owned by a foundation which over time receives 20% of its profit as dividends. These are reinvested in the bank's area of operations to support sports, cultural activities, business, research, education, and various associations in the Varberg region.
Like most Swedish savings banks, Varbergs Sparbank shares a history of cooperation with Swedbank, which enables material product diversification and shared IT costs, and provides the opportunity to finance retail mortgages via Swedbank Hypotek, Sweden's largest issuer of covered bonds.
Varbergs Sparbank has four branch offices, all of which are located in Varberg municipality in Halland county on the west coast of Sweden. The municipality has 70,000 inhabitants. Apart from the municipal and county administrations, the largest employers are the Ringhals nuclear power plant, Sweden's largest, and the Södra Cell pulp mill, a major producer of wood pulp and green energy.