Swedish bank opens first branch in Walsall

Last updated: 18/12/2015 08:32:52


Swedish Banking Group Handelsbanken has opened its first branch in Walsall town centre.

The Stockholm-headquartered company is rapidly expanding its UK operations and now has more than 206 branches nationwide. The Bank now has 42 Branches in its Central Region, with several Branches already well established locally in Wolverhampton, Tamworth, 2 in Birmingham City Centre, Edgbaston and more recently Stourbridge.

The bank's Walsall premises will be on the ground floor of the new, multi-million pound Jhoots Pharmacy headquarters in the heart of the town's Gigaport development. Work on the £3.3m, 20,000 sq ft building is due to be completed in January next year.

Founded in Sweden 143 years ago, Handelsbanken began trading in the UK in 1982 and now operates in 25 countries. employing around 11,500 people.

Led by Stephen Breen, its Walsall branch comprises a highly experienced banking team. With over 100 years of experience, they look forward to providing local businesses, individuals and the professional community with traditional, locally empowered relationship banking, with a real emphasis on providing outstanding customer service with quick decision-making abilities.

"Our long-term investment in Walsall reflects our belief and confidence in the immense potential of the town, its people and its business community," said Stephen.

"If you're thinking of moving home, expanding your business, or simply want to change your existing banking arrangements, we would be delighted to hear from you."

Councillor Adrian Andrew, Deputy Leader for Walsall Council said: "I am delighted with the role that I and Cllr Bird played in securing Handelsbanken in to the Jhoots building. Our experience of bringing investment to this town enables us to link the right people together to create a stronger economy in Walsall.

"We’re fortunate in Walsall to have a number of exciting projects currently on site and in the pipeline that will create exceptional places where people can live, work and relax. Very soon, we'll be confirming the opening of the new Light Cinema and six restaurants in the Waterfront area and additional investment in the St Matthews Quarter and other parts of the town centre."

Situated adjacent to Walsall housing group’s HQ and the Walsall College complex, Jhoots' new HQ will add a significant new asset to Walsall’s business community.