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“THE SWEDISH BANK
OF COMMERCE”
delsbank — likewise originally local, with the very significant difference, that it was
situated in the Capital.
Thus, by means of a series of amalgamations, which cannot be mentioned in
detail here, (smaller units joining and growing into regional banking systems, these in turn
amalgamating with a metropolitan bank, wrhich by a simultaneous development had
Interior view of the Head Office.
attained a position of national, and even international importance), the Handelsbank has
become closely identified with the development of the timber industry as sketched above.
The intimate relation existing between the two is, therefore, something more than
a mere incidental, technical business arrangement; it is, we may say, of an almost
organic nature, rooted in traditions of essential interdependence.
Even the most recent expansion of the Handelsbank — throughout the
agricultural southern part of Sweden — has directly enhanced its importance as regards
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