Länsförsäkringar Bank

Länsförsäkringar Bank is a Swedish retail bank. As of 2022 it was the 5th largest retail bank in Sweden.[1] The bank is owned by the customer owned insurance group of the same name, Länsförsäkringar.

History

Länsförsäkringar Bank was started in 1996.[2] In 1998 Länsförsäkringar merged with the Wasa insurance company, alongside this Länsförsäkringar Bank was merged with WASA Bank.[3]

In December 2022 Länsförsäkringar Bank was fined 90 million SEK by the Financial Supervisory Authority due to insufficient controls against money laundering.[4]

References
  1. Årsredovisning 2022 (PDF) (Report) (in Swedish). Stockholm: Länsförsäkringar Bank. 2023-03-17.
  2. "Historik för: Länsförsäkringar Bank" (in Swedish). Swedish Bankers' Association. Archived from the original on 2009-05-31. Retrieved 2023-05-24.
  3. "Historik för: WASA Banken" (in Swedish). Swedish Bankers' Association. Archived from the original on 2009-05-31. Retrieved 2023-05-24.
  4. "Länsförsäkringar Bank får böter". Dagens Nyheter (in Swedish). TT News Agency. 2022-12-14. Retrieved 2023-05-24.


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