OverviewSuggest Edit

Handelsbanken is a company operating as a bank that provides various banking products and services to private and corporate customers. It offers private, car, mortgage, and leisure loans, security trading, mutual funds, pension savings and insurance advisory services as well as salary and savings accounts, debit and credit cards. Handelsbanken also provides forestry and agriculture loans, corporate accounts, business debit cards, and file services to manage payments and reconciliations. In addition, Handelsbanken specializes in the management of international payments, risks, and operations.
TypePublic
Founded1871
HQStockholm, SE
Websitehandelsbanken.com

Latest Updates

Employees (est.) (Dec 2020)12,563
Job Openings12
Revenue (FY, 2020)KR44.2 B
Share Price (Sept 2021)KR95.3
Cybersecurity ratingBMore

Key People/Management at Handelsbanken

Carina Åkerström

Carina Åkerström

President and Group Chief Executive
Per Beckman

Per Beckman

Executive Vice President and Chief Credit Officer
Carl Cederschiöld

Carl Cederschiöld

Executive Vice President and CFO
Magnus Ericson

Magnus Ericson

Chief Human Resources Officer
Mattias Forsberg

Mattias Forsberg

CIO
Maria Hedin

Maria Hedin

Chief Risk Officer
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Handelsbanken Office Locations

Handelsbanken has offices in Stockholm, New York, København, Helsinki and in 8 other locations
Stockholm, SE (HQ)
2 Kungsträdgårdsgatan
Stockholm, SE
Storgatan 1
København, DK
Havneholmen 29
Helsinki, FI
Itämerenkatu 11-13
Nice, FR
8 Avenue Félix Faure
Frankfurt am Main, DE
Bleichstraße 52
Show all (13)

Handelsbanken Financials and Metrics

Handelsbanken Revenue

Handelsbanken's revenue was reported to be kr44.25 b in FY, 2020 which is a 0.7% decrease from the previous period.
SEK

Revenue (Q1, 2021)

11.3b

Net income (Q1, 2021)

4.4b

Market capitalization (17-Sept-2021)

188.8b

Closing stock price (17-Sept-2021)

95.3

Cash (31-Mar-2021)

684.4b

EV

(338.2b)
Handelsbanken's current market capitalization is kr188.8 b.
Annual
SEKFY, 2018FY, 2019FY, 2020

Revenue

43.8b44.6b44.2b

Revenue growth, %

2%(1%)

General and administrative expense

13.5b13.5b15.3b

Operating expense total

20.9b21.7b23.3b
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

10.3b11.6b10.7b7.9b8.1b8.0b11.2b10.6b11.0b11.3b

General and administrative expense

3.2b3.4b3.4b2.5b3.5b4.1b3.5b3.5b4.7b3.6b

Operating expense total

5.0b5.2b5.2b4.4b5.5b6.3b5.5b5.5b6.7b5.7b

Depreciation and amortization

172.0m189.0m181.0m392.0m411.0m447.0m441.0m442.0m464.0m472.0m
Annual
SEKFY, 2018FY, 2019FY, 2020

Cash

317.2b328.0b397.6b

Accounts Receivable

2.2t2.3t2.3t

Prepaid Expenses

3.4b2.0b2.3b

PP&E

2.2b6.6b6.2b
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

277.0b375.2b357.4b352.1b271.3b314.0b623.4b626.9b557.7b684.4b

Accounts Receivable

2.1t2.2t2.2t2.3t2.3t2.3t2.3t2.3t2.3t2.3t

Prepaid Expenses

3.4b3.8b3.1b3.0b3.7b3.9b2.3b2.8b2.4b3.1b

PP&E

2.1b2.8b2.2b6.7b6.5b6.4b6.5b6.4b6.4b6.2b
SEKFY, 2018FY, 2019FY, 2020

Depreciation and Amortization

713.0m1.7b1.9b

Accounts Payable

66.5b109.3b111.9b

Cash From Operating Activities

76.7b22.4b87.3b

Purchases of PP&E

(695.0m)(1.1b)(709.0m)
SEKQ1, 2018

Revenue/Employee

872.5k

Debt/Equity

1.5 x

Debt/Assets

0.1 x

Financial Leverage

22.5 x
Show all financial metrics

Handelsbanken Operating Metrics

Handelsbanken's Assets Under Management was reported to be kr933b in Q1, 2021.
Show all operating metrics

Handelsbanken Acquisitions / Subsidiaries

Company NameDateDeal Size
Optimix VermogensbeheerApril 20, 2016
HeartwoodFebruary 06, 2013
Svenska MetallborsenSeptember 11, 2006
Ecster AB
EFN Ekonomikanalen AB
Handelsbanken Finans AB
Handelsbanken Fonder AB
Handelsbanken Liv Foersaekringsaktiebolag
Handelsbanken Market Securities
Handelsbanken plc
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Handelsbanken Revenue Breakdown

Embed Graph

Handelsbanken revenue breakdown by business segment: 6.2% from Denmark, 5.5% from Finland, 10.7% from Norway, 6.9% from Capital Markets, 67.9% from Sweden and 2.8% from Other

Handelsbanken revenue breakdown by geographic segment: 100.0% from UK

Human Capital Metrics

Embed Graph
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Handelsbanken Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Handelsbanken Online and Social Media Presence

Embed Graph

Handelsbanken News and Updates

IDEMIA Has Been Chosen by Handelsbanken as Outsourcing Partner for Their Card Personalization

IDEMIA Has Been Chosen by Handelsbanken as Outsourcing Partner for Their Card Personalization

Eezy Plc: Notification of change in holdings - Handelsbanken Fonder

EEZY PLC -- STOCK EXCHANGE RELEASE -- 16 AUGUST 2021 AT 18.10

Svenska Handelsbanken to cut 1000 staff and 180 branches

Sweden's largest bank, Sevnska Handelsbanken, is downsizing its branch network and workforce while vowing to invest SEK1 billion in IT over the next two years. The bank says the trend to digital finance is accelerating, forcing a rethink of the its brick and mortar presence on the high street.

Handelsbanken in cost-cutting drive

Handelsbanken reported a double-digit dip in net profit this morning as it revealed a major cost-cutting strategy. The Swedish lender plans to cut 800 jobs and pull out of several markets globally in an effort to slash annual spending by roughly 1.5bn crowns (£120m).

Nordea names former Handelsbanken boss as new CEO

Finland's Nordea on Thursday named Frank Vang-Jensen, head of personal banking at the Nordic region's biggest bank, as its new chief executive, who pledged to keep a close eye on costs at the group.

Banks in Firing Line If Danish Opposition Wins: Handelsbanken

A Social Democratic government in Denmark would be bad for the country’s financial industry, according to Handelsbanken. Most polls show that the center-right government of Prime Minister Lars Lokke Rasmussen will be ousted in national elections on June 5, with Mette Frederiksen, the leader of the o…
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Handelsbanken Frequently Asked Questions

  • When was Handelsbanken founded?

    Handelsbanken was founded in 1871.

  • Who are Handelsbanken key executives?

    Handelsbanken's key executives are Carina Åkerström, Per Beckman and Carl Cederschiöld.

  • How many employees does Handelsbanken have?

    Handelsbanken has 12,563 employees.

  • What is Handelsbanken revenue?

    Latest Handelsbanken annual revenue is kr44.2 b.

  • What is Handelsbanken revenue per employee?

    Latest Handelsbanken revenue per employee is kr3.5 m.

  • Who are Handelsbanken competitors?

    Competitors of Handelsbanken include Nordea, Swedbank and Danske Bank.

  • Where is Handelsbanken headquarters?

    Handelsbanken headquarters is located at 2 Kungsträdgårdsgatan, Stockholm.

  • Where are Handelsbanken offices?

    Handelsbanken has offices in Stockholm, New York, København, Helsinki and in 8 other locations.

  • How many offices does Handelsbanken have?

    Handelsbanken has 13 offices.