Sweden’s Handelsbanken has posted a resilient
fiscal 2009 net profit of SEK4.24 billion ($582.19 million), 60
percent up from SEK2.65 billion a year
earlier.   

The bank has remained profitable throughout the
financial crisis without receiving any government
support.   

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The result coincided with news that the bank,
the second largest in Sweden by market capitalisation, plans to
expand in the UK in its drive to grow its retail banking market and
boost business volumes.    

The bank said it had plans to open its third
regional bank in the UK, to supplement more than 70 branches it has
opened so far across the country. 

Chief executive Pär Boman, said that the UK
would provide the bank with “good growth in the future”. 

He added that the bank will also set up a
separate head office in the UK to develop its “decentralised model”
based on almost all important business decisions taken close to
customers. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sweden has six regional banks and Norway,
Denmark and France have one each.