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{{short description|Swedish private bank}}
⚫ '''Forex''' is a ] financial services company. The company was started in ] as a currency exchange service for travellers, at the Central Station in ]. The owner of Gyllenspet's Barber Shop, according to the legend, discovered that most of his customers were tourists in need of currency for their trips. So he started keeping the major currencies on hand.
{{Multiple issues|
{{More citations needed|date=April 2022}}
{{Peacock|date=December 2024}}
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{{Infobox company
| name = FOREX Bank AB
| logo = Forex bank logo.gif
| logo_size = 230px
| caption =
| type = ]
| fate =
| predecessor =
| successor =
| foundation = {{Start date|1927}}<ref name=ne />
| founder =
| defunct =
| location_city = Stockholm
| location_country =
| location =
| locations = 130 branches
| key_people = Annelie Nässén<br/>{{small|(CEO)}}
| products = Foreign money exchange
| revenue =
| operating_income =
| net_income =
| aum = <!-- Only used with financial services companies -->
| assets =
| equity =
| owner =
| num_employees = 1238 <small>(2013)</small>
| parent =
| divisions =
| subsid =
| traded_as =
| homepage = {{URL|http://www.forex.se/en/}}
| footnotes =
| intl =
}}
], Denmark (2009).]]
⚫ '''FOREX Bank''' is currently the market-leading foreign exchange bureau in the Nordic region. The company was started in 1927 providing currency exchange for travellers, at the main ] train station. Legend says 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.{{Citation needed|date=May 2020}}


The company was subsequently acquired by ], the Swedish State Railways, which expanded the operations until it was sold off to one of the managers, ], in ]. The company was the only one apart from the ]s that was licensed to conduct currency exchange in Sweden. The company was subsequently acquired by ], 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 one apart from ] that was licensed to conduct ] in Sweden.


The company, which is still wholly owned by the Friberg family, has expanded into neighbouring ] in 1993, ] in 1994 and ] in 2004 and has 130 branches,<ref>{{cite web |title=Hitta till oss |url=http://www.forex.se/sv/Om-FOREX/Bankbutiker/ |website=www.forex.se}}</ref><ref>{{cite web |title=Find os |url=http://www.forexbank.dk/Om-FOREX/Her-finder-du-FOREX/ |website=www.forexbank.dk}}</ref><ref>{{cite web |title=Löydä lähin liike |url=http://www.forex.fi/FOREX-yrityksena/Yhteystiedot/ |website=www.forex.fi}}</ref><ref>{{cite web |title=Finn oss |url=http://www.forex.no/Om-FOREX/Bankbutikker/ |website=www.forex.no}}</ref> principally located at railway stations or airports, but also shopping malls and high streets. In 2003, the company extended its business into ] and can also offer current and savings accounts including internet and mobile banking, loans, debit and credit cards, cash handling, money transfer and payments.
The company, which is still wholly owned by the Friberg family, has expanded into ], ] and ] and has over 50 shops, usually located at train stations or airports. The decrease in the business brought on by introduction of the ] has made the company look for alternative sources of revenue, like applying for a banking license and attempting to move into more regular transaction services, earlier handled by the Swedish postal service.

'''Forex''' is also a slang shorthand term for ], the global currency market in where major currencies are traded against each other in attempts to profit on the fluctuations due to various economic events (also known as ]).


==See also== ==See also==
*] *]

<ref name="Reversedo">{{cite web |last1=Reversedo |title=Reversedo |url=https://reversedo.com/ |website=Reversedo |publisher=Reversedo |access-date=11 December 2023 |language=en}}</ref>
{{reflist|refs=
<ref name=ne>{{cite encyclopedia |title=Forex Bank AB |encyclopedia=] |language=Swedish |url=http://www.ne.se/forex-bank-ab |accessdate=16 April 2011}} {{subscription required}}</ref>
}}

== External links == == External links ==
* - Official site *{{official website|http://www.forex.se/en/}}

* - Yahoo.com List of Forex Brokerages
{{Portal|Banks}}
{{Banks of Sweden}}

⚫ ]
]
]
]
]


⚫ ]


{{Europe-bank-stub}}
]
{{Sweden-company-stub}}

Latest revision as of 01:11, 27 December 2024

Swedish private bank
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FOREX Bank AB
Company typePrivate
Founded1927 (1927)
HeadquartersStockholm
Number of locations130 branches
Key peopleAnnelie Nässén
(CEO)
ProductsForeign money exchange
Number of employees1238 (2013)
Websitewww.forex.se/en/
Forex in Aalborg, Denmark (2009).

FOREX Bank is currently the market-leading foreign exchange bureau in the Nordic region. The company was started in 1927 providing currency exchange for travellers, at the main Stockholm Central train station. Legend says 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.

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 one apart from the banks that was licensed to conduct currency exchange in Sweden.

The company, which is still wholly owned by the Friberg family, has expanded into neighbouring Finland in 1993, Denmark in 1994 and Norway in 2004 and has 130 branches, principally located at railway stations or airports, but also shopping malls and high streets. In 2003, the company extended its business into retail banking and can also offer current and savings accounts including internet and mobile banking, loans, debit and credit cards, cash handling, money transfer and payments.

See also

  1. "Forex Bank AB". Nationalencyklopedin (in Swedish). Retrieved 16 April 2011. (subscription required)
  2. "Hitta till oss". www.forex.se.
  3. "Find os". www.forexbank.dk.
  4. "Löydä lähin liike". www.forex.fi.
  5. "Finn oss". www.forex.no.
  6. Reversedo. "Reversedo". Reversedo. Reversedo. Retrieved 11 December 2023.

External links

Banks of Sweden Sweden
Central
The Big Four commercial banks
Members banks & Savings banks
Other retail banks & financial institutions
Private banks
Clearing systems
Defunct banks & financial institutions


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