Stockholm Banks represent one of the fastest growing economic sectors of Sweden. Stockholm is not only the economic capital of Sweden but of the entire Scandinavian countries. Four of the six major Scandinavian banks have their head office in Stockholm. These banks in Stockholm include Swedbank, Nordea Bank AB, Handelsbanken, and Skandinaviska Enskilda Banken (SEB).
Stockholm Banking
The banking sector in Stockholm employs almost 16,000 personnel in Sweden. Out of the 127 different banks operating in Stockholm, 28 are of foreign origin. The banks in Stockholm offer both retail and corporate services.
The retail services include depository accounts, termed savings, term loans, asset management, share trading, and card services. The corporate services comprise investment banking, project financing, wealth management, depository services, bill discounting, letter of credit, and stock trading.
Stockholm Commercial Banks
The principal commercial banks operating in Stockholm are:
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- Swedbank - This private bank serves almost 500,000 corporate customers and 9 million individual customers. The principal office is located in 8 Brunkebergstorg, Stockholm 105 34
- SEB - SEB with its head office in 8 Kungstradgardsg, Stockholm 106 40 provides banking and other financial services to corporate and individual clients
- Nordea Bank AB - Nordea Bank AB having more than 10 million customers is based in 17 Smalandsgatan, Stockholm 105 71. It offers banking, investment, and wealth management services
- Handelsbanken - This premier Swedish bank is located in 2 Kungstradgardsgatan, Stockholm 106 70
Other Stockholm banks include Great Western Bank, First Premier Bank, Community State Bank, Wells Fargo Bank, Dacotah Bank, First State Bank, WaMu, Deuel County National Bank, and Home Federal Bank.
The foreign banks having branches in Stockholm include Bank of America, ABN Amro, Danske Bank, Citibank, Barclays Bank plc, HSBC Limited, ING Bank, Credit Suisse, Chase Bank, The Bank of Nova Scotia, and Deutsche Bank
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