Forex Bank

FOREX Bank is a foreign exchange bureau in the Nordic region.^[2]

FOREX Bank AB

Forex bank branch in Aalborg, Denmark (2009)
Company type	Private
Founded	1927 (1927)[1]
Headquarters	Stockholm , Sweden
Number of locations	130 branches
Key people	Annelie Nässén (CEO)
Products	Foreign currency exchange
Number of employees	1238 (2013)
Website	www.forex.se/en/

This article is about a specific company. For general forex companies, see foreign exchange company.

As of 2025^[update], the company had 84 branches, principally located at railway stations or airports, but also shopping malls and high streets.^[3] The company also offers online current and savings account, loans, cash handling, money transfer, travel booking and payments.^[4]

History

The company was started in 1927, it provided currency exchange for travellers at the main Stockholm Central train station. It is said 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.^[1]

The company was subsequently acquired by Statens Järnvägar, 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 non-bank business that was licensed to conduct currency exchange in Sweden.

The company, which is still wholly owned by the Friberg family, expanded into neighbouring Finland in 1993, Denmark in 1994 and Norway in 2004.

In 2003, the company extended its business into retail banking and also offered current and savings accounts including internet and mobile banking, loans, debit and credit cards, cash handling, money transfer and payments.

See also

• Bureau de change
• Foreign exchange company
• List of companies of Sweden