Kreditbanken

Kreditbanken is a former

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

that was based in

Stockholm Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...

Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...

. Founded in 1923, it was merged with the Post Bank to form PK-Banken in 1974. PK-Banken purchased

Nordbanken Nordea Bank Abp, commonly referred to as Nordea, is a European Finance, financial services group operating in northern Europe and based in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the suc ...

in 1980, and it later changed its name to Nordbanken, which in turn became part of

Nordea Nordea Bank Abp, commonly referred to as Nordea, is a European financial services group operating in northern Europe and based in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive m ...

. The Kreditbanken is notable in that the condition known as

Stockholm syndrome Stockholm syndrome is a condition in which hostages develop a psychological bond with their captors. It is supposed to result from a rather specific set of circumstances, namely the power imbalances contained in hostage-taking, kidnapping, an ...

was named after the

Norrmalmstorg robbery The Norrmalmstorg robbery was a bank robbery and hostage crisis best known as the origin of the term ''Stockholm syndrome''. It occurred at the Norrmalmstorg Square in Stockholm, Sweden, in August 1973 and was the first criminal event in Sweden ...

, which took place here.

Nobis Hotel Stockholm Nobis Hotel Stockholm is an upscale hotel in central Stockholm, Sweden. Located on Norrmalmstorg, the hotel has 201 rooms.

occupies the northern end of the building. 1974 disestablishments in Sweden Defunct banks of Sweden Banks established in 1923 Banks disestablished in 1974 Swedish companies established in 1923 {{bank-stub