Handelsbanken was established in 1871 as Svenska Handelsbanken. Handelslbanken in Stockholm aims at giving a higher profitability and meeting the ever expanding demand of its customers. The total assets this Swedish banks is worth SEK* 1963 billion.
Stockholm Handelsbanken also operates in Finland, Norway, Denmark and Great Britain. This commercial bank caters to both corporate and individual customers.
Handelsbanken Highlights
Set up in 1871 Stockholm Handelsbanken was renamed Svenska Handelsbanken in 1919. In 1968 this bank opened its 500th branch. From 2001 onwards Handelsbanken bank has been offering on-line banking services to its customers. The other important facts are:
- Handelsbanken has 459 branches in Sweden, 44 branches in Finland, 42 branches in Norway, 38 in Denmark, and 34 in Great Britain. In addition they have 20 more branches in 16 other nations.
- Total assets amount to SEK 1963 billion (as on 30th Sept, 2007)
- Public loans amounting to SEK 1241 billion (as on 30th Sept, 2007)
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- Operating Profit is SEK 17.2 billion (till Dec, 2006)
- 30.4% growth in sales till Dec, 2006
- 10,535 employees as on 30th Sept, 2007
Handelsbanken Strengths
The strengths of Handelsbanken are:
- During the last 16 years Handelsbanken has been able to provide the greatest level of satisfaction to its customers
- For the last 35 years Stockholm Handelsbanken has had a higher profitability compared to other Swedish banks
- The loan loss ratio of this bank as compared to others was at a considerably lower level
- It has been the most cost effective European bank
The services provided by Handelsbanken in Stockholm target both retails and corporate. Depository services, loans disbursal, investment banking, project financing, asset management, stock market operations, foreign exchange, and card services are some of the important activities of this bank.
Hendelsbanken has its head office in 2 Kungstradgardsgatan, Stockholm 106 70.
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