Svenska Handelsbanken and Standard Chartered Bank ink Asian cash management deal
Svenska Handelsbanken (Handelsbanken) has entered into an agreement with Standard Chartered Bank relating to cash management services in nine Asian countries, including China, Malaysia, Thailand and India.
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Under the agreement, corporate customers of Handelsbanken will be able to open bank accounts with Standard Chartered. Via Handelsbanken's global cash management system, customers will be able to access account information, and make payments at both Handelsbanken and Standard Chartered branches.
In China, the agreement also means that customers will be able to carry out their transactions in the local currency. This forms an excellent complement to the range of services on offer at Handelsbanken's new branch in Shanghai.
Handelsbanken has the strongest presence in Asia of all Nordic banks and is the first Nordic bank to open a branch in Shanghai. This will be Handelsbanken's third branch in Asia on top of Singapore and Hong Kong. Handelsbanken also maintains representative offices in Beijing and Taipei.