Handelsbanken's UK growth continues

Handelsbanken's UK growth continues

Among a strong set of group results for 2016, the UK continues to demonstrate solid year-on-year growth for the bank.

Net lending to UK individual and corporate customers increased 11% to £17.17bn, while customer deposits rose 22% to £10.59bn.

The year also saw particularly strong growth in household deposits, up 56%, while lending to households increased 13%.

Overall, the bank’s UK branch operations delivered a 6% year-on-year increase in operating profit, its nationwide branch footprint continues to mature. 

Mikael Sorensen, Handelsbanken’s UK chief executive, said: “At Handelsbanken we offer relationship banking to each and every one of our customers, in communities the length and breadth of Britain.

“Whether this takes place at the branch, on the phone, or even at our customer’s location, delivering first class service is at the very heart of how we operate. 

“Our decades-old model has never worked better than it does today: long-term relationships served by face-to-face advice – and complemented with all the digital offerings you would expect of any universal bank – is in increasing demand, and this is exactly what we are able to provide.” 

So far, Handelsbanken has announced a total of 207 British branches, stretching from Inverness to Truro, Colwyn Bay to Canterbury.

Published: 08 February 2017

Article by Bryce Wilcock
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