Divestment of SME operations in Finland finalised

02 Sep 2024 07:00 CEST

May 31 2023 Handelsbanken entered into an agreement to divest the private, life
insurance and SME operations in Finland. The divestment of the SME operations
has now been completed and the operations have been transferred to Oma Sparbank
Abp. The transaction includes lending volumes of approximately EUR 500 million,
corresponding to a risk weighted exposure amount of approximately EUR 170
million, and deposit volumes of approximately EUR 440 million. The Bank will
receive a net premium of approximately EUR 12 million which will be accounted
for in Discontinued operations after tax in the earnings for Q3 2024. Final
adjustment of the settlement amount is expected in Q4 2024.

For further information, please contact:
Handelsbanken Press Office +46 8 701 80 18

For more information about Handelsbanken, please see: www.handelsbanken.com

More information:
Access the news on Oslo Bors NewsWeb site

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