The story
SBAB was established on 1 July 1985 as Statens Bostadsfinansieringsaktiebolag (lit. 'The State Housing Finance Company'), with a mandate to finance government housing loans previously funded through Sweden's national budget.
In 1989, after market deregulation, SBAB entered international capital markets, including Tokyo and London.
Starting in 1991, it became a competitive lender in the Swedish private mortgage market and expanded its product range over the following decades.
By 2010 SBAB had secured a full banking license from the Swedish Financial Supervisory Authority, allowing it to offer deposit accounts as well as retail loans.
SBAB issued Sweden’s first covered bonds in 2006 via AB Sveriges Säkerställda Obligationer (SCBC), and has since continuously diversified its funding base.
The bank also owns a majority stake in Booli, a leading real estate data and listing platform.
From Wikipedia’s article on SBAB, shared under CC BY-SA 4.0.5