Corporate Banking in Sweden
RAROC profiles and pricing benchmarks for 3 Sweden banks, sourced from Pillar 3 disclosures.
Last updated: March 2026 · Data source: public Pillar 3 disclosures
Banks tracked
3
Headquartered in Sweden
Total corporate EAD
EUR 2.4tn
Combined exposure
Avg cost-to-income
40.8%
Operating efficiency
Avg corporate PD
1.17%
Probability of default
Overview
OpenRAROC tracks 3 banks headquartered in Sweden with a combined corporate credit exposure of EUR 2.4tn. The average Sweden bank in our dataset has a cost-to-income ratio of 40.8% and an average corporate probability of default of 1.17%. On a representative BBB+ EUR 25M 5-year term loan, these banks generate an average RAROC of 7.98%.
Cheapest vs most expensive in Sweden
On the standard sample deal, Swedbank is the cheapest lender in Sweden, requiring just 232bp to hit a 12% RAROC hurdle. The most expensive is SEB at 236bp — a difference of 4bp on the same deal. For a EUR 25M facility, that's EUR 11,083 per year in interest expense.
All 3 banks ranked by RAROC
RAROC computed on a representative BBB+ rated, 5-year, EUR 25M term loan at 150bp spread. Click any bank for its full profile.
| # | Bank | C/I | Avg PD |
LGD | EAD | RAROC | Min spread |
| 1 | Handelsbanken | 41.5% | 0.80% | 32.0% | EUR 886bn | 8.06% | 233bp |
| 2 | Swedbank | 36.0% | 1.87% | 39.8% | EUR 727bn | 8.01% | 232bp |
| 3 | SEB | 45.0% | 0.85% | 34.8% | EUR 740bn | 7.87% | 236bp |
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FAQ: corporate banking in Sweden
How many banks in Sweden does OpenRAROC cover?
OpenRAROC tracks 3 banks headquartered in Sweden, with a combined corporate credit exposure of EUR 2.4tn reported in their most recent Pillar 3 CR6 disclosures.
Which Sweden bank has the tightest corporate credit pricing?
On a representative BBB+ EUR 25M 5-year term loan, Swedbank requires the lowest minimum spread to clear a 12% RAROC hurdle (232bp), making it the cheapest lender in the Sweden cohort on that specific deal.
What is the average cost-to-income ratio of Sweden banks?
The 3 Sweden banks in the dataset report an average cost-to-income ratio of 40.8% and an EAD-weighted average corporate probability of default of 1.17%.
How is RAROC calculated for Sweden banks?
Each bank is priced on the same BBB+ EUR 25M 5-year term loan, using its own disclosed cost-to-income, effective tax rate, funding spread, and IRB-approach PD/LGD parameters. See the methodology page for the full formula.