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Svenska Handelsbanken AB (publ)

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Svenska Handelsbanken AB (publ)

Overview:

Handelsbanken - a universal bank
Handelsbanken aims to be a universal bank, in other words, to cover the entire banking area: traditional corporate transactions, investment banking and trading as well as consumer banking including life insurance. Handelsbanken is strong on the Swedish market with 460 branches. During the last 15 years, Handelsbanken has been expanding its universal banking operations into the other Nordic countries, and in recent years also in Great Britain.

Goal
Handelsbanken's goal is to have higher profitability than the average for banks in the Nordic countries and Great Britain. This will be achieved by offering the Bank's customers better service at the same time as the cost level should be lower than in other banks. Profitability is always more important than volume.

Decentralised organisation
The business operations of the Handelsbanken Group are strongly decentralised. The most important means of control are the corporate policy and corporate culture and an effective financial control system. The basic concept is that the organisation and work methods should be based on the branches' responsibility for individual customers and not on central units' responsibility for product areas or market segments. Handelsbanken's organisation is aimed at promoting the interplay between strong branches, highly-trained specialists and efficient support functions.

Below, the Handelsbanken Group's organisation is presented as a combined unit concentrating on the individual customer and with the individual bank branch at the forefront.

History:

1871
The Bank was founded under the name Stockholms Handelsbank

1874
First branch office

1914
Acquisition of Bank AB Norra Sverige

1917
Acquisition of Norrlandsbanken

1919
Acquisition of Bank AB Södra Sverige. Name changed to Svenska Handelsbanken. The Bank begins to use an octagon as a logo. The octagon logo was taken from Bank AB Södra Sverige

1926
Acquisition of Mälarebanken

1941
Acquisition of Norrköpings Folkbank

1943
Acquisition of Vänersborgsbanken

1955
Acquisition of SIGAB (Inteckningsbanken). In 1991 the name was changed to Handelsbanken Hypotek

1956
Acquisition of Gotlandsbanken

1963
The subsidiary Svenska Finans was established. In 1992 the name was changed to Handelsbanken Finans

1970
Jan Wallander becomes CEO. Introduces a new organisation and policy

1990
Acquisition of Skånska Banken and Oslo Handelsbank

1991
Acquisition of Stavanger Bank

1992
Acquisition of the life insurance company RKA. The company name was changed to Handelsbanken Liv

1995
Acquisition of parts of Skopbank and Skop-finans/Aktiiviraha

1997
Acquisition of Stadshypotek

1999
Acquisition of Bergensbanken

2001
Acquisition of SPP Livförsäkrings AB, SPP Fonder AB and the brand name SPP

2001
Acquisition of Midtbank

2002
Handelsbanken Liv demutualised to a proft-distributing company

2006
SPP demutualised to a proft-distributing company

2007
Sale of SPP to Storebrand

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