Loomis enters into agreement with Swedbank
LoomisSwedenhas entered into a frame agreement with Swedbank, strengthening Loomis’ position as the specialist in Cash Handling. The agreement covers both Cash Management Services and Cash In Transit for the bank and the bank’s customers. The agreement is effective immediately.
The trend towards cashless bank accounts has progressed at a high tempo, resulting in a specialization in Cash Handling Services. Loomis’ nationwide infrastructure will now provide Swedbank’s customers with access to cash management services, transport logistics for cash and a country-wide network of service boxes.
“Swedbank is an important operator within the banking sector and we are very pleased that they have chosen to give their customers the opportunity to conclude direct agreements with Loomis, as they themselves have chosen to reduce cash handling at some of their own bank branches”, states Patrik Högberg, Country President at Loomis Sverige AB.
Under the terms of the agreement, Swedbank’ customers will be entitled to discounted offers for services such as supplies of desk change and collections of daily checkouts, among other things. The agreement also provides Swedbank’s private customers with the opportunity to pay in deposits of notes and coins via Loomis’ service boxes.
04.07.2012
Patrik Högberg
Country President, Loomis Sverige AB
Phone: +46 8 522 246 26
Stefan Wikman
Vice Country President, Loomis Sverige AB
Phone: +46 8 522 246 28
Loomis offers safe and effective comprehensive solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network consisting of almost 400 branch offices in 16 countries. Loomis has 20 000 employees and annual revenue of 11 billion Swedish kronor. Loomis is a midcap listed company on NASDAQ OMX Stockholm.
Loomis AB discloses the information provided herein pursuant to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.00 a.m. (CET) on July 4th , 2012.
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