Handelsbanken
Great Britain Company Information
About
The Handelsbanken Great Britain Company
Handelsbanken
Great Britain - 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 more than 450
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.
Objectives
Handelsbanken´s overall objective is to have higher return
on equity than a weighted average of the other listed Nordic banks.
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.
Handelsbanken´s higher profitability should benefit the shareholders
via greater growth in dividends than the average for other Nordic
banks.
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.
Authorised by Finansinspektionen in Sweden and regulated by FSA
in Great Britain
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