Company: Handelsbanken
Business: Classical banking with traditional corporate transactions, investment banking and trading, as well as consumer banking, including life insurance.
Active: They claim to have six home markets. I would claim that they have one home market which is Sweden and then they have presence in five others: the UK, Denmark, Finland, Norway and the Netherlands. I kind of like that they did not run to the Baltic countries like many other Nordic banks did but instead they have started to establish themselves in the Netherlands which means they are confident that their business model can beat the Dutch banks model and they also then avoid the throat cutting experience that the Baltic countries might offer...
P/E: 12.2
