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19 Feb 10: Handelsbanken on Expansion Course in UK
Swedish banking group Svenska Handelsbanken continues to grow in Great Britain.
"We also think that there will be good growth in the future. Our decentralised model - where almost all important business decisions are taken close to the customer at our branches - requires direct, effective and rapid contact with the central support functions. In order to retain and reinforce this working method, we will be opening another regional bank and simultaneously setting up a separate head office for Great Britain," said Par Boman, President and Group Chief Executive.
Handelsbanken in Great Britain will now have its third regional bank. "We already have one regional bank for southern Great Britain and one for northern Great Britain. Our business there is now large enough to organise the branch network into three regional banks: northern, central and southern Great Britain," commented Boman.
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