Svenska Handelsbanken (Handelsbanken) has entered into an agreement with Standard Chartered Bank relating to cash management services in nine Asian countries, including China, Malaysia, Thailand and India.

 

Under the agreement, corporate customers of Handelsbanken will be able to open bank accounts with Standard Chartered. Via Handelsbanken's global cash management system, customers will be able to access account information, and make payments at both Handelsbanken and Standard Chartered branches.

 

In China, the agreement also means that customers will be able to carry out their transactions in the local currency. This forms an excellent complement to the range of services on offer at Handelsbanken's new branch in Shanghai.

 

Handelsbanken has the strongest presence in Asia of all Nordic banks and is the first Nordic bank to open a branch in Shanghai. This will be Handelsbanken's third branch in Asia on top of Singapore and Hong Kong. Handelsbanken also maintains representative offices in Beijing and Taipei.

 

 

 

 

 

Note to editors:

 

Handelsbanken is a universal bank, established in Sweden 1871, offering a complete range of financial services to private and corporate customers such as traditional banking services, investment banking, trading, financing, investments in the equity and money market as well as life insurance.

 

Handelsbanken has around 9,200 employees in totally 18 countries. The bank's banking operation includes 453 branches in Sweden, 35 in Norway, 36 in Finland, 35 in Denmark and 17 in Great Britain. Outside the home market Handelsbanken is present in 13 other countries in Europe, Asia and America and is the most international bank among the Nordic banks.

 

Moody's and Standard & Poor, the world leading rating institutes, have given the bank Aa1 and AA- respectively. No Nordic bank has a higher rating than Handelsbanken.

 

Standard Chartered - leading the way in Asia, Africa and the Middle East

 

Standard Chartered employs 38,000 people in 950 locations in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. Standard Chartered is one of the world's most international banks, with employees representing 80 nationalities.

 

Standard Chartered PLC is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong and is in the top 25 FTSE-100 companies, by market capitalisation.

 

It serves both Consumer and Wholesale Banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small to medium sized enterprises. Wholesale Banking provides corporate and institutional clients with services in trade finance, cash management, lending, securities services, foreign exchange, debt capital markets and corporate finance.

 

Standard Chartered is well-established in growth markets and aims to be the right partner for its customers. The Bank combines deep local knowledge with global capability.

 

The Bank is trusted across its network for its standard of governance and corporate responsibility as well as its commitment to making a difference in the communities in which it operates.

 

The press release can be downloaded from the following link: