Handelsbanken: Growth, Vision, Resources, Industry Analysis, Strategies, Leadership and Culture

Running head: HANDELSBANKEN
Handelsbanken
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2HANDELSBANKEN
1. Growth and History of the company
The history of Handelsbanken dates back to the year 1871 when several number of
leading Stockholm residents and corporations founded the Stockholms Handelsbanken (Van
der Zande 2018). The formation of this bank was the outcome of a personal conflict that took
place in the Stockholms Enskilda Bank that culminated in the year 1871 in the month of
April. At present it is operating in more than 20 different countries. It has developed several
branch networks in 6 different nations- UK, Finland, Sweden, Norway, Denmark and
Netherlands (Alexey 2015). To these nations, it classes as the “home markets”. A large piece
of the success of this bank in recent years could be credited to the floatability of its operations
in UK, which comprise of 5 regional banks that offer the banking services in a total of 187
different branches all around the nation and also in the asset management organisation named
Heartwood. The banks shift into the market of UK has helped in minimising the effect of the
negative rates of interest in Sweden. For four consecutive years, the bank has been awarded
with first prize for its best services within the banking sector in Sweden from the
ServiceScore. With the same, in 2015, it won the award of the Business Bank of the Year and
“Sweden’s Small Enterprise Bank”.
2. Vision and Mission of the company
Handelsbanken is aimed at meeting all the needs of its both corporate and personal
customers in regards to financial services along with the highest possible level of satisfaction.
3. Resources and Capabilities of the company
Handelsbanken is widely popular for its cost-consciousness. The branch managers at
different branches under this organisation are very eager to keep all their costs low so as to
get success in internal benchmarking with the other branches of the company (Mayes 2017).
With the same, it is much more decentralised than its competitors. With the same, in this