Handelsbanken
At a glance
A Swedish banking group with a decentralised UK branch network, providing relationship-led personal and corporate banking. Its model can be relevant to wealthy individuals, entrepreneurs and business owners who value having their banking relationship managed locally.
Typical lending profile
Bespoke residential and investment property lending, with decisions made much closer to the client through the local branch rather than a centralised, automated underwriting model.
Where they may be a good fit
Business Owners & Entrepreneurs: Clients who value having their personal borrowing and business banking considered as part of a wider relationship.
High Net Worth Individuals: Wealthy clients looking for a relationship-led alternative to both mainstream and traditional private banking, without necessarily having to meet a prescribed private-bank wealth or AUM threshold.
Property Investors: Landlords and investors seeking a long-term banking relationship with people who understand their portfolio and wider financial position.
Approach to Private Banking
Handelsbanken is not a traditional private bank built around a minimum wealth or AUM entry point. Its proposition is better viewed as local, relationship-led banking for clients with more substantial or complex financial affairs, with personal lending, business banking and other banking requirements brought together through the branch relationship.
Pavilion's View
Handelsbanken occupies an unusual and valuable position between mainstream and traditional private banking. Their strength lies in knowing their clients properly.
For wealthy business owners and entrepreneurs in particular, the ability to build a long-term relationship with a local team that understands both their personal and commercial affairs can be extremely compelling.