FOREX Bank is currently th
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 ( sv, Statens Järnvägar) or SJ, originally the Royal Railway Board ( sv, Kungl. Järnvägsstyrelsen), was the former government agency responsible for operating the state-owned railways in Sweden. It was created i ...

, 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 A bureau de change (plural bureaux de change, both ) (British English) or currency exchange (American English) is a business where people can exchange one currency for another. Nomenclature Although originally French, the term "bureau de chang ...

in Sweden. The company, which is still wholly owned by the Friberg family, has expanded into neighbouring

Finland Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...

in 1993,

Denmark ) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Danish Realm, Kingdom of Denmark ...

in 1994 and

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...

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 Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...

and can also offer current and savings accounts including internet and mobile banking, loans, debit and credit cards, cash handling, money transfer and payments.

References and notes

External links

* Companies based in Stockholm Banks of Sweden Banks established in 1927 Foreign exchange companies 1927 establishments in Sweden {{Sweden-company-stub

See also

References and notes

External links