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Loomis wins Riksbank contract for coin warehousing and handling

Loomis has been contracted by the Riksbank, Sweden’s central bank, to take responsibility for part of the Riksbank’s handling of coins in Sweden. The contract, which extends over four years, will commence on November 1 this year and means that Loomis will be responsible for the Riksbank’s warehousing, provision and receipt of coins.

The Riksbank has chosen Loomis to provide these coin handling services following the closure of Riksbank depots in Tumba and Mölndal, with operations consequently being transferred to the Riksbank’s newly built depot in Märsta. The Riksbank’s new depot in Märsta will only handle banknotes.

The contract enhances the leading position of Loomis’ Swedish subsidiary as a specialist in cash handling.

“We chose Loomis as our supplier because its services meet our requirements of security, service and flexibility. We feel confident that we have achieved a solution for the handling of the Riksbank’s coins that will function well long term,” says Christina Wejshammar, head of the Riksbank’s cash provision unit.

“We are proud that we have been entrusted with the handling of the Riksbank’s coins. The contract extends over the period in which a major coin exchange will take place, with all Swedish coins being replaced during 2016/2017,” says Patrik Högberg, President of Loomis Sweden.

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