Swedbank acquires Stabelo

01 Jul 2025 08:15 CEST

In order to continue to develop the mortgage business and customer offering,
Swedbank acquires the mortgage credit institution Stabelo. Through access to a
complementary brand, new technology and new channels for mortgages, the
acquisition will help Swedbank reach more customers in the mortgage market.

Stabelo is an established actor in the mortgage market that reaches target
groups where Swedbank sees great potential. The company has fully digital
mortgage processes and distribution of mortgages under its own management and
through partnership agreements.

"The acquisition of Stabelo gives us new opportunities to be able to meet more
target groups of, among others, younger and more digital customers. At the same
time, we can develop the company by putting Swedbank's financial and knowledge
resources behind an established brand," says Tomas Hedberg, Deputy CEO of
Swedbank.

The initial purchase price is SEK 350 million and the final purchase price will
depend on Stabelo's development up to and including 2028.

Stabelo currently has about 30 employees and will continue to operate in the
mortgage market under its own brand. The company was founded in 2016 and Hampus
Brodén will remain as CEO.

"It is an incredibly exciting day for Stabelo and all our employees. Having
Swedbank as an owner will create opportunities for us to meet both new and
existing customers with an even stronger offering," says Hampus Brodén, CEO of
Stabelo.

The acquisition is subject to approval by the relevant authorities.

Contact:

Charlotte Nilsson, Acting Head of Press Swedbank, phone +46 76 534 66 12, e
-mail: charlotte.nilsson@swedbank.se

Hampus Brodén, CEO Stabelo, phone +46 704 32 97 44, email:
hampus.broden@stabelo.se

This information constitutes inside information that Swedbank AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation (EU no
596/2014). The information was submitted for publication, through the agency of
the contact person set out above, 1 July 2025, at 08:15 CEST.

Swedbank empowers the many people and businesses to create a better future. Our
vision is a financially sound and sustainable society. Swedbank Group is the
leading bank with over 7 million retail customers and 550 000 corporate
customers in our four home markets Sweden, Estonia, Latvia and Lithuania.
Swedbank Group is also present in other Nordic countries, the U.S. and China.
Together we make your financial life easier. Find out more: www.swedbank.com

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