Quite simply, a huge amount of metal expertise is gathered under one roof.
Daily Technical Trading EN: Danish Comment en EN: Danish Macro Forecast EN: Emerging Markets Comment EN: Fast Comment China EN: Fast Comment Denmark EN: Fast Comment Eurozone EN: Fast Comment Norway EN: Fast Comment Sweden EN: Finnish Comment en EN: Finnish Macro Forecast EN: FX Morn comm EN: Global Macro Forecast EN: Macro Comment Eurozone EN: Macro Comment Finland EN: Macro Comment India EN: Macro Comment Norway EN: Macro Comment Sweden EN: Market Participant Survey EN: Monthly Macro Update EN: Morgonkommentar Krediter sv EN: Morning Comment old EN: Norwegian Comment en EN: Norwegian Macro Forecast EN: Raw Materials biweekly EN: Swedish Comment en EN: Swedish Rate Wrap EN: The Pulp Paper EN: The Week Ahead EN: UK Derivatives weekly EN: Weekly Technical Commodity EN: Finnish Comment fi FI: Norwegian Comment no NO: FI Comment sv SV: Macro Comment Sweden SV: When Handelsbanken meets its goals of higher return on equity than the average of the other listed Swedish banks, a profit share is paid to a foundation named Oktogonen, which keeps its fund entirely in Handelsbanken shares.
Payment only takes place after retirement, which means that all employees are interested in securing the long-term profitability of the bank. Oktogonen owns around 10 per cent of Handelsbanken's shares.
In , Handelsbanken installed its first six automated teller machines ATMs , initially as a trial. In , many aspects of the Swedish financial sector were deregulated which led to a considerable credit expansion in the following years.
Handelsbanken's volume of loans doubled in three years in the end of the s. In , Sweden entered a severe financial crisis, which was compounded by the credit expansion of the late s and a financial bubble related to real estate prices.
Many of the Swedish banks were hit hard by this crisis and had to be rescued by the government , which led to some of the banks being temporarily nationalised. Handelsbanken was least affected of the major Swedish banks, and was able to expand its market share in the s. In , Handelsbanken bought Stadshypotek , a major mortgage company, from the government.
In late , the bank introduced telephone banking services and on 10 December online banking followed. In the s Handelsbanken opened several branch offices in other countries mostly to support corporate banking activities.
From , several smaller Norwegian, Finnish and Danish banks were acquired to build up Handelsbanken's activities and branch networks in the other Nordic countries. In , Handelsbanken's operations in Denmark, Finland and Norway were organised into regional banks, and started to operate in the same way as the regional bank organisation used by Handelsbanken in Sweden since the s. In , Handelsbanken decided to expand in the United Kingdom by organic growth. At that time the bank had three offices in the UK and opened a fourth in In , the bank opened its 50th UK branch office, and in its th UK branch office.
In , the UK operations were organised as a regional bank, in the same way as the bank's Nordic operations. Handelsbanken holds a strong position on the Nordic bank market with a nationwide branch office network in Sweden and nearly nationwide networks in the other Nordic countries. From Wikipedia, the free encyclopedia. Svenska Handelsbanken AB Type. This section does not cite any sources.
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