Owners and organization
FOREX Bank AB, 516406-0104, is owned by the Friberg family. The estate of Rolf Friberg owns 40 %, Beth Friberg owns 30 % and Tom Friberg owns 30 % of capital and voting rights. FOREX Bank AB owns 100 % of the shares in X-change in Sweden AB.
The company was founded in 1965 and until 2003 the purpose of the business was to sell and buy currency and to provide payment services. Since then, the company has expanded the scope within Sweden as well as Denmark, Finland and Norway. Currently, there are 107 stores around the Nordics. In 2007, FOREX bought X-change in Sweden AB. X-change act as an agent for FOREX Bank AB.
X-change is buying all central functions from FOREX Bank. The conduct of the business is contolled by the internal control functions of FOREX Bank.