[2] From the beginning, Stockholms Enskilda Bank mainly issued credit to industry, and soon banker's drafts were introduced to simplify the conveyance of payments.

Towards the end of the 19th century, Stockholms Enskilda Bank played an active role in industrial construction, both as a lender and as an initiator.

In the end of the 1920s, the international recession spread over Europe, and things came to a head when Ivar Kreuger died in Paris in March 1932.

The U.S. Government considered the acquisitions illegal and the American Bosch Corporation as enemy property, and subsequently confiscated it in 1943.

The new bank had 6,730 employees, 393 branches, a well-established customer base and good relationships with many of Sweden's biggest companies.

However, the main reason for the merger was the socialistic economical politics that the, at the time, very left-orientated socialdemocratic party forced on banks and private companies.

Only a certain level of profit was allowed, and when Stockholms Enskilda Bank tried to expand, this action was forced back by the Swedish government.