[[ data.name ]]
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About
History
Competitors
About
History
Competitors
Svenska Handelsbanken is one of the largest banks in Sweden and was founded in 1871. The bank offers a range of services including consumer banking, corporate banking, private banking, investment banking and international operations. As of June 2020, the bank had over 370 branches located across 21 countries with its main headquarters based in Stockholm.
The financial performance of Svenska Handelsbanken has been strong over time. In 2020, the bank revealed that its total assets reached SEK 1 854 billion which represents a 6% increase from 2019. Additionally, the NIM (Net Interest Margin) was 1.77%, an increase of 3 bps compared to 2019. This growth was primarily due to the strong performance of deposit activities and net interest income.
Svenska Handelsbanken is a publicly listed company with its main headquarters in Stockholm. The bank's shares have traded on the Stockholm Stock Exchange since October 1998. As of June 2020, the stock was trading at around SEK 175 per share.
The price history of Svenska Handelsbanken can be divided into two distinct periods: the pre-financial crisis period and the post-financial crisis period. During the pre-financial crisis period (2001 to 2005), the stock traded between SEK 80 to 115 per share. After that, it jumped to almost SEK 150 by 2007 and reached an all-time high of about SEK 250 in 2008.
After the financial crisis, there was a sharp decline in the price of Svenska Handelsbanken shares which dropped to as low as SEK 40 per share in 2009. Since then, there has been a gradual recovery with some fluctuations along the way but overall, the trend has been positive and as of JMarch 2023, it is trading at around SEK 100 per share.
Svenska Handelsbanken is one of the largest banks in Sweden and competes with a number of local and international banks in the country. The main competitors of Svenska Handelsbanken are Swedbank, Nordea Bank and SEB Group.
Swedbank is a leading banking group in the Nordic region of Europe and has operations across Sweden, Finland, Estonia, Lithuania and Latvia. As of June 2020, their total assets were SEK 3 599 billion.
Nordea Bank is a leading financial institution in the Nordics which provides retail banking services as well as asset management, private banking and corporate banking services. Their total assets were SEK 3 866 billion as of June 2020.
SEB Group is another important competitor which focuses mainly on corporate customers offering a wide range of products such as loans and mortgages, investment funds, savings accounts and insurance policies. As of March 2023, their market value worth 168.05B SEK
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
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