Overview of Banks in Sweden The top banks in Sweden are: Nordea Bank AB. Founded in 2000, Nordea Bank is the largest financial group in the Nordic region. SEB Bank. Founded in 1972, Skandinaviska Enskilda Banken AB (SEB) is headquartered in Stockholm. Svenska Handelsbanken AB. Established in Stockholms Banco (also known as the Bank of Palmstruch or Palmstruch Bank) in Sweden was the first European bank to print banknotes. The bank was founded in 1657 by Johan Palmstruch and began printing banknotes in 1661. It was to be the precursor to Sveriges Riksbank, the central bank of Sweden. SEB is a North European financial group headquartered in Stockholm, Sweden. It is a so-called universal bank in Sweden, Estonia, Latvia and Lithuania, with significant local presence in Denmark, Finland, Norway and Germany.