Swedish Financial Supervisory Authority opens review of Ica Banken and Medmera Bank consumer loan credit assessments

The Swedish Financial Supervisory Authority has launched an investigation into whether Ica Banken and Medmera Bank conducted sufficiently robust credit assessments when granting loans to consumers. The review will examine how the banks assessed individual consumers’ repayment capacity and ensured borrowers could maintain a reasonable standard of living after the loan was granted. The investigation will also look at whether any deficiencies are systematic and whether specific shortcomings arose in cases where the banks used credit intermediaries. The authority linked the action to its wider supervisory focus on creditworthiness assessments, noting it conducted nine investigations between autumn 2023 and 2025 across five firms authorised under the since-repealed Consumer Credit Activities Act (2014:275) and four credit market companies, and that it will continue prioritising oversight of unsound lending as the number of consumers with payment problems increases.