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Skandinaviska Banken, literally the Scandinavian Bank, was a Swedish bank founded in Gothenburg, 1864. Its foundation coincided with the political aspirations of the Scandinavian movement, which sought to unite Sweden, Norway and Denmark into a single kingdom. Even if these aspirations came to naught, there was a Scandinavian Monetary Union, with a common currency, and a union between Sweden and Norway, that the bank potentially would be able to exploit.
The bank was founded as Skandinaviska Kreditaktiebolaget, which roughly translates to "Scandinavian Credit Ltd.". During the early 1900s the bank underwent rapid expansion through the following mergers: Industrikreditaktiebolaget i Stockholm in 1907, Skånes Enskilda Bank in 1910, and Sveriges Privata Centralbank in 1917. Furthermore, Skandinaviska Banken acquired Örebro Enskilda Bank in 1918, and Skånska Handelsbanken in 1919.[1]
Skandinaviska Kreditaktiebolaget, as it was known as at the time, was the main bank of Swedish businessman Ivar Kreuger, the founder of Swedish Match AB, and was struck hard by the financial crisis of the 1930s, triggered in Sweden by the breakdown of Kreuger's concern, due to his untimely death in Paris in 1932. As a result, Skandinaviska Kreditaktiebolaget had to accept stock as payment in several companies unable to repay their credit, as well as a SEK200 million bail-out from the Swedish government. The bank continued to prosper and the bail-out sum was already repaid in 1936, and the new company stocks were transferred into an investment holding company, AB Custos, founded in 1937. In 1939, Skandinaviska Kreditaktiebolaget changed its name to Skandinaviska Banken and continued its expansion by acquiring local banks throughout the 20th century until 1972, when it merged with Stockholms Enskilda Bank to form Skandinaviska Enskilda Banken (SEB), today one of the largest Nordic banks.[2]
^Torsten., Carlsson (1997). Skandinaviska banken i näringsliv och samhälle 1939-1971. Stockholm: Ekerlids förlag. ISBN9188594939. OCLC 46359493.
^Söderlund, Ernst (1964). Skandinaviska banken i det svenska bankväsendets historia 1864-1914. Stockholm.{{cite book}}: CS1 maint: location missing publisher (link)
October 27, 2023
skandinaviska, banken, help, expand, this, article, with, text, translated, from, corresponding, article, swedish, january, 2014, click, show, important, translation, instructions, machine, translation, like, deepl, google, translate, useful, starting, point, . You can help expand this article with text translated from the corresponding article in Swedish January 2014 Click show for important translation instructions Machine translation like DeepL or Google Translate is a useful starting point for translations but translators must revise errors as necessary and confirm that the translation is accurate rather than simply copy pasting machine translated text into the English Wikipedia Consider adding a topic to this template there are already 262 articles in the main category and specifying topic will aid in categorization Do not translate text that appears unreliable or low quality If possible verify the text with references provided in the foreign language article You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation A model attribution edit summary is Content in this edit is translated from the existing Swedish Wikipedia article at sv Skandinaviska Banken see its history for attribution You should also add the template Translated sv Skandinaviska Banken to the talk page For more guidance see Wikipedia Translation This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Skandinaviska Banken news newspapers books scholar JSTOR March 2017 Learn how and when to remove this template message Skandinaviska Banken literally the Scandinavian Bank was a Swedish bank founded in Gothenburg 1864 Its foundation coincided with the political aspirations of the Scandinavian movement which sought to unite Sweden Norway and Denmark into a single kingdom Even if these aspirations came to naught there was a Scandinavian Monetary Union with a common currency and a union between Sweden and Norway that the bank potentially would be able to exploit The bank was founded as Skandinaviska Kreditaktiebolaget which roughly translates to Scandinavian Credit Ltd During the early 1900s the bank underwent rapid expansion through the following mergers Industrikreditaktiebolaget i Stockholm in 1907 Skanes Enskilda Bank in 1910 and Sveriges Privata Centralbank in 1917 Furthermore Skandinaviska Banken acquired Orebro Enskilda Bank in 1918 and Skanska Handelsbanken in 1919 1 Skandinaviska Kreditaktiebolaget as it was known as at the time was the main bank of Swedish businessman Ivar Kreuger the founder of Swedish Match AB and was struck hard by the financial crisis of the 1930s triggered in Sweden by the breakdown of Kreuger s concern due to his untimely death in Paris in 1932 As a result Skandinaviska Kreditaktiebolaget had to accept stock as payment in several companies unable to repay their credit as well as a SEK200 million bail out from the Swedish government The bank continued to prosper and the bail out sum was already repaid in 1936 and the new company stocks were transferred into an investment holding company AB Custos founded in 1937 In 1939 Skandinaviska Kreditaktiebolaget changed its name to Skandinaviska Banken and continued its expansion by acquiring local banks throughout the 20th century until 1972 when it merged with Stockholms Enskilda Bank to form Skandinaviska Enskilda Banken SEB today one of the largest Nordic banks 2 See also EditSwedish kronaReferences Edit Torsten Carlsson 1997 Skandinaviska banken i naringsliv och samhalle 1939 1971 Stockholm Ekerlids forlag ISBN 9188594939 OCLC 46359493 Soderlund Ernst 1964 Skandinaviska banken i det svenska bankvasendets historia 1864 1914 Stockholm a href Template Cite book html title Template Cite book cite book a CS1 maint location missing publisher link Retrieved from https en wikipedia org w index php title Skandinaviska Banken amp oldid 1017609274, wikipedia, wiki, book, books, library,
