The department branch of Riksbanken, with representative bank premises on Hamngatan, was constructed at Hamnkanalen in 1889. The premises underwent extensive renovation over the years until Riksbanken left the building for good in the mid-1990s.
Semrén & Månsson began extensive work in which the property was refined and restored in order to regain its original appearance. The outbuildings on Drottninggatan were demolished to make way for a modern office block, which with its open nature and large swathes of glass contrasts with the old building. The grand sections on Södra hamngatan were preserved and restored, new stucco was used for the roof; and the bank hall was restored to its former size and became the atrium for the building once again when a floor inserted in the 1940s was removed. The new office block is over four floors and has a terrace facing Drottninggatan, glazed areas facing the inner courtyard, a lowered floor on the ground floor and a mezzanine floor. The two buildings meet up and are blended together in an internal courtyard which was retained and forms a link between old and new. As well as creating an airy atmosphere and allowing light in, this also forms a passage and an informal route linking Drottninggatan with the canal.