Länsförsäkringar Bank acquires SAVR – a digital platform for trading in mutual funds and shares

Through the acquisition of SAVR, LF Bank strengthens its position in the savings market and can offer LF’s four million customers a market-leading savings platform. The savings market in Sweden is undergoing change with a clearly increasing demand for digital services for trading in funds and shares.

”The acquisition of SAVR AB gives Länsförsäkringar access to unique technical expertise and a market-leading savings platform. This strengthens our ability to continuously develop and improve our savings offering”, says Tobias Ternstedt, Head of Product, Operations & IT at Länsförsäkringar Bank.

“LF and SAVR is an incredibly exciting match where the strength and security of a major bank meets the innovation and speed of fintech. SAVR will be able to provide greater security and economies of scale to its customers – while LF gains access to SAVR's modern products and technology. All founded on a shared conviction that the customer always comes first – a value deeply rooted in both LF's and SAVR's culture”, says Daniel Aarenstrup, President and founder of SAVR.

LF has the ambition to grow in savings and improve services and customer experience. The savings area is also a central part of LF’s overall offering to customers. Several market trends support continued growth in the Swedish savings market, including increased demand for digital services, generational shifts in wealth, changing investment preferences, increased customer mobility, growing interest in savings among new target groups, extended transfer rights for pensions, and reduced taxes on savings.

”By integrating SAVR’s user-friendly and innovative solutions, we can offer our customers a more intuitive and smooth experience. Their digital platforms also make it easier for customers to manage savings and investments, which increases both the accessibility and usage of Länsförsäkringar's services. With the help of advanced data analysis and AI technology, LF will also be able to offer more tailored solutions that better meet each customer's individual needs”, says Tobias Ternstedt.

Länsförsäkringar Bank acquires all shares in SAVR AB. The acquisition of SAVR AB is conditional upon the Swedish FSA conducting a customary review and approving the ownership and management changes that the acquisition entails. The acquisition cannot be finalised until the Swedish FSA has given such approval. LF assesses that the acquisition should be able to be finalised during 2025.

Facts SAVR AB

SAVR is a Swedish investment platform with the goal of changing the finance industry through transparency and customer focus. In 2019, the company was the first in Sweden to offer fund trading with the refund of all fund commissions, and in the fall of 2024, trading in shares was launched with low fees as well as tools for well-informed investment decisions. Since its inception, SAVR has attracted over 100,000 customers and SEK 6 billion in savings funds.

Facts Länsförsäkringar Bank AB

Länsförsäkringar Bank is 100 percent owned by Länsförsäkringar AB. The banking group consists of the parent company Länsförsäkringar Bank and the wholly-owned subsidiaries Länsförsäkringar Hypotek, Länsförsäkringar Fondförvaltning and LF Finans.

Regulatory information

This information is such that Länsförsäkringar Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on 30 June 2025 at 07:15 a.m CET.

For further information, please contact:

Martin Rydin, acting President and CFO Länsförsäkringar Bank

+46 (0)739642 823

martin.rydin@lansforsakringar.se

Andreas Larsson, Head of Investor Relations Länsförsäkringar Bank

+46 (0)720 84 36 34

andreas.larsson@lansforsakringar.se

Daniel Aarenstrup, President and founder, SAVR

+46 (0)73 048 40 44

daniel.aarenstrup@savr.com

Länsförsäkringar’s press service, +46 (0)8 588 418 50

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