|Employees||about 1400 (2005)|
FOREX Bank is a Swedish financial services company and is the Nordic regions market leader in travel money since 1965. The company was started in 1927 as a currency exchange service for travellers, at the Central Station in Stockholm. 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. The owner began keeping the major currencies on hand.
The company was subsequently acquired by Statens Järnvägar (now SJ AB), the Swedish State Railways, which expanded the operations until it was sold 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 Finland (1993), Denmark (1994) and Norway (2004) and has 130 shops, located at railway stations or airports, shopping malls and other hubs. In 2003, the company extended its business into banking and can also offer current and savings accounts incl internet and mobile banking, loans, debit and credit cards, cash handling, money transfer and payments.
References and notes
- "Forex Bank AB". Nationalencyklopedin (in Swedish). Retrieved 16 April 2011. (subscription required)
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