Forex Bank
{{short description|Swedish private bank}}
{{More citations needed |date=April 2022}}
{{Infobox company
| name = FOREX Bank AB
| logo = Forex bank logo.gif
| logo_size =
| image = Forex Aalborg ubt.jpeg
| image_alt =
| image_caption = Forex bank branch in Aalborg, Denmark (2009)
| type = Private
| foundation = {{Start date|1927}}
| location_city = Stockholm
| location_country = Sweden
| locations = 130 branches
| key_people = Annelie Nässén
{{small|(CEO)}}
| products = Foreign currency exchange
| num_employees = 1238
| num_employees_year = 2013
| homepage = {{URL|http://www.forex.se/en/}}
}}
{{About|a specific company |general forex companies |foreign exchange company}}
FOREX Bank is a foreign exchange bureau in the Nordic region.{{Cite web |title=FOREX |url=https://www.swedavia.com/arlanda/service/forex2 |access-date=2025-01-02 |website=www.swedavia.com |language=en}}
{{As of |2025}}, the company had 84 branches, principally located at railway stations or airports, but also shopping malls and high streets.{{cite web |title=Find os |url=https://www.forexvaluta.dk/find-butik/ |website=www.forexbank.dk |access-date=January 20, 2025 |publisher=Forex Bank |language=da }} The company also offers online current and savings account, loans, cash handling, money transfer, travel booking and payments.{{cite news |url=https://news.cision.com/se/forex/r/bo-lagergren-utsedd-till-vd-i-forex-bank,c2409813 |title=Bo Lagergren utsedd till vd i FOREX Bank |trans-title=Bo Lagergren appointed CEO of FOREX Bank |date=December 7, 2017 |language=sv }}
History
The company was started in 1927, it provided currency exchange for travellers at the main Stockholm Central train station. It is said that it started by the owner of Gyllenspet's Barber Shop at the station, when he discovered that most of his customers were tourists in need of currency for their trips. Therefore, the barber began keeping the major currencies on hand.{{cite encyclopedia |title=Forex Bank AB |encyclopedia=Nationalencyklopedin |language=sv |url=http://www.ne.se/forex-bank-ab |accessdate=16 April 2011}} {{subscription required}}
The company was subsequently acquired by Statens Järnvägar, the Swedish State Railways, which expanded the operations until it was sold to Rolf Friberg in 1965. The company was for many years the only non-bank business that was licensed to conduct currency exchange in Sweden.
The company, which is still wholly owned by the Friberg family, expanded into neighbouring Finland in 1993, Denmark in 1994 and Norway in 2004.
In 2003, the company extended its business into retail banking and also offered current and savings accounts including internet and mobile banking, loans, debit and credit cards, cash handling, money transfer and payments.
See also
References
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{{Portal|Banks}}
{{Banks of Sweden}}
Category:Companies based in Stockholm
Category:Banks established in 1927
Category:Foreign exchange companies
Category:1927 establishments in Sweden
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