Sweden’s Handelsbanken continues to buck the trend toward pooling bank operations into one centralized command post by living by its “church spire” vision—that is, that a bank’s reach should be limited to what can be seen from atop a church spire. Mats Ernborg, branch manager of Handelsbanken Strandvägen in Stockholm, discusses why this tried-and-true decentralization model works so effectively for his local customers.
For nearly a century and a half, Sweden’s banking stalwart Handelsbanken has stubbornly weathered economic and political turbulence, consistently delivering excellent value to its stakeholders through its unmatched growth in profitability. Much of its success is driven by its commitment to offering unrivalled service to its mushrooming customer base.
Earlier this year, the European Central Bank (ECB) decided to cut its deposit rate to -0.4 percent and its benchmark refinancing rate to zero.
If cash is to continue to thrive then it must modernize. Cash must be more accessible to businesses and consumers, and it must move more quickly between the two.
During the second quarter of 2015, in the midst of a Greek debt crisis reaching the tipping point and the spectre of negative interest rates in its domestic market of Sweden, banking leader Handelsbanken reported the best quarterly
Simon Hughes interviews Michael Green, CEO of Svenska Handelsbanken Sweden. *** Well, today I’m with Michael Green, head of Handelsbanken…
Simon Hughes interviews Michael Green, CEO of Svenska Handelsbanken Sweden.
Pär Boman, CEO of Handelsbanken, discusses the bank’s unique approach and the philosophy which has underpinned their long term success.
Pär Boman, CEO of Handelsbanken, discusses the bank’s unique approach and the philosophy which has underpinned their long term success.
As recent economic data has indicated, the Swedish economy is currently experiencing a phase of rebounding—albeit a little less robustly than economic advisers were expecting. These experts are noting that domestic consumption has been offset by the lacklustre overseas demand for Swedish goods and services, which has resulted in the lower-than-expected performance.