However, the renovated ground failed to live up to expectations, proving to be very basic by modern standards; the capacity of 7,600 was also deemed a security issue.

Plans for such a ground were first mooted in 2001,[9] but were not fully considered until the end of 2004, when the team won Allsvenskan for the first time since 1989.

[11] The municipality chose the first option on 3 December 2005: the new football ground would be built south of Malmö Stadion, with a capacity of 20,000 to 25,000, on a 399 million kronor budget.

[12] Construction of the new stadium commenced on 23 April 2007, with the first sod being turned by Malmö FF chairman Bengt Madsen, Malmö Municipality chairman Ilmar Reepalu, club captain Daniel Andersson, and two former players: Daniel's brother Patrik, and their father Roy.

[5] Malmö FF announced on 12 July 2007 that they had sold the naming rights for the stadium to Swedish bank Swedbank, for a ten-year period, starting on the ground's opening.

The graphical profile of the advertisement was also given a light blue background with white text to adhere to the club's colours.

The terracing for the home supporters was also modified to ease mobility, and combat safety issues in the stands.

Malmö FF's official souvenir shop is on the outside of the stand, alongside a sports bar, which holds up to 250 guests.

These matches tend to draw larger away attendances, and the away area is therefore accordingly expanded across the entire lower tier of the Southern Stand.

[24] Both Hodgson and Houghton had successful managerial careers at Malmö FF, they both won multiple league and cup titles while at the club.

Malmö FF early expressed their desire to buy the stocks of Peab and Erling Pålsson to reduce rent on the stadium and increase profits.

[29] Malmö FF bought a further 6.25% of the stocks after they qualified for the group stage of the 2014–15 UEFA Champions League.

[15] The stadium hosted its first full national team game on 7 September 2010, when Sweden played against San Marino in a qualifier for the 2012 UEFA European Football Championship.

[33] The stadium hosted Svenska Supercupen in 2011, after Malmö FF won the Swedish league championship the previous year.

[35] The most recent international match at the stadium was a 2023 FIFA Women's World Cup qualification between Sweden and Slovakia on 30 November 2021.

However, safety checks the next day showed that the structure had not been damaged, and was suitable to host similar events in the future.

[37] On 1 November 2016, the stadium hosted a public mass led by Pope Francis as part of his two-day visit to Scania.

[38] The ground's present attendance record was set on 7 November 2010, when Malmö FF beat Mjällby AIF 2–0 in Allsvenskan before 24,148 fans.

[40] The first match played at Stadion, a 3–0 Allsvenskan victory for Malmö FF against Örgryte IS on 13 April 2009, attracted 23,347 spectators.

[43] Triangeln is the closest railway station to Stadion is served by Malmö bus lines 3, 5, 6, and 34, all of which stop in the vicinity of the stadium.

Local transit authority Skånetrafiken also operates dedicated match-day buses, branded as line 84, which run to the stadium from different areas of Malmö.

Due to the central location of the stadium within the city, parking space is limited, and spectators are advised to use public transportation, particularly for more prominent matches.

[44] The stadium is also located close to the underground railway station Triangeln, which opened in December 2010 as a part of Citytunneln.

[46] There are also various other local parking spaces, and a large number of bicycle stands surrounding the western edge of the stadium.