Total mortgages on the books of Sweden’s leading banks rose sharply last year on the back of surging house prices, as the work-from-home trend and low interest rates drove demand.
The country’s largest bank, Svenska Handelsbanken, saw an 18.8% rise in mortgages on its books in 2020, increasing to $147bn, while rivals Swedbank and SEB Group also posted increases of around 18% to $115bn and $70bn, respectively, according to The Banker Database.
