Länsförsäkringar Bank

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

History
Länsförsäkringar Bank was started in 1996. In 1998 Länsförsäkringar merged with the Wasa insurance company, alongside this Länsförsäkringar Bank was merged with WASA Bank.

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