Svenska Handelsbanken

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  Svenska Handelsbanken AB (publ)
logo
Headquarters in Stockholm
Headquarters in Stockholm
Country SwedenSweden Sweden
Seat Stockholm
legal form AB (publ) / Aktiengesellschaft
ISIN SE0000193120
BIC HANDSESSXXX
founding July 1, 1871
Website www.handelsbanken.com
Business dataTemplate: Infobox credit institute / maintenance / data out of dateTemplate: Infobox credit institute / maintenance / year missing
Total assets 2.159 billion SEK , 197 billion EUR
Employee about 11,000 (worldwide)
management
Corporate management

Carina Åkerström (CEO)

Svenska Handelsbanken (short Handelsbanken ) is a Swedish bank and one of the largest banks in Northern Europe with an extensive branch network in Sweden , Finland , Norway , Denmark and the UK as well as 38 branches and four representative offices in 17 other countries.

history

Specimen from AB Stockholms Handelsbank dated January 2, 1898
Commercial banks logo 1871-1956

Stockholms Handelsbank was founded in 1871 and on July 1st of the same year the bank opened its first branch on Kornhamnstorg in Stockholm's old town . The company was first listed on the Stockholm Stock Exchange in 1873 . The bank developed into one of Sweden's leading commercial banks under the leadership of the banker Louis Fraenkels, who ran the bank from 1893 to 1911. In 1905 the bank moved to the building on Kungsträdgården , where the company is still based today. Between 1914 and 1919 other Swedish institutes were acquired . The bank was hit hard by the Great Depression in the 1920s and suffered high write-downs and lost profits.

In 1970 Jan Wallander became CEO of the company and realigned it in the following years by founding organizationally largely independent regional banks and abolishing the budget that had been practiced since the 1970s. The first profit-sharing program for employees, "Octogons", was launched in 1973 and, from 1980, the company expanded outside of Sweden. During the Swedish banking crisis from 1990 to 1992 , the bank suffered heavy losses, but was the only major Swedish bank not to be dependent on state aid. In 1999, the branch network in Great Britain was expanded .

present

Branch in Turku

Handelsbanken is a universal bank and offers financial services for private customers as well as for corporate customers. These include investment banking, stock trading, financing and insurance. Part of the business is carried out by subsidiaries such as Handelsbanken Fonder , Handelsbanken Finans , Handelsbanken Liv or Stadshypotek .

The company has 461 offices in Sweden, 45 in Finland and 48 in Norway . The number of branches in neighboring Denmark was increased to 54 in October 2008 through the acquisition of the local banks.

Since 2000, the bank has been operating on the British market with an expanded concept and is represented there with 56 branches. There are also 38 agencies and 4 representative offices in 17 other countries. With the hiring of managers for 18 further new branches (as of September 30, 2008), the bank is continuing its expansion course.

Commitment in the German-speaking area

In 1972 Svenska Handelsbanken opened its first agency in Germany, which was converted into a subsidiary in 1989. The aim of the business activity was to acquire corporate customers who also did business on the Scandinavian market. In the course of Sweden's accession to the European Union , the subsidiary was transformed into a branch based in Frankfurt am Main, and another branch followed in Hamburg in 1996 .

In Switzerland, the bank is represented in Zurich .

Web links

Individual evidence

  1. ↑ Entry in the BIC directory at SWIFT
  2. ↑ a b http://www.handelsbanken.de/shb/inet/icentsv.nsf/vlookuppics/investor_relations_en_hb_07_eng_annual_review/$file/hb07eng_arsover.pdf
  3. ↑ Executive management , Svenska Handelsbanken
  4. ↑ Authorized agencies of foreign banks and securities firms In: finma.ch , accessed on February 24, 2020 (PDF; 313 KB).

Coordinates: 59 ° 19 ′ 47.7 ″  N , 18 ° 4 ′ 25 ″  E