Following the opening of a Stockholm branch in September 2000, Kaupthing Bank acquired both the Swedish securities firm Aragon and JP Nordiska Bank in 2002. Kaupthing Bank Sverige AB operates in three cities in Sweden: Stockholm, Gothenburg and Malm. It offers a wide range of financial services with special emphasis on securities brokerage, advisory services and asset management & private banking. Corporate banking and mortgage lending to households also substantiate part of its activities. Services are aimed towards institutions as well as individuals.