Divestment of private and life insurance operations in Finland finalised

02 Dec 2024 07:00 CET

On 31 May 2023 Handelsbanken entered into an agreement to divest the private and
life insurance operations in Finland. The divestments have now been completed
and the operations have been transferred to S-bank Abp and Fenni Life Insurance,
respectively.

The transactions included lending volumes of approximately EUR 2.5 billion (SEK
28 billion), corresponding to a risk weighted exposure amount of approximately
EUR 1.0 billion (SEK 11 billion), as well as deposit volumes of approximately
EUR 0.9 billion (SEK 10 billion) and total assets under management of
approximately EUR 2.0 billion (SEK 23 billion). The divestments also include the
transfer of 23 branches and over 200 employees to S-bank Abp and 7 employees to
Fennia Life Insurance.

As previously announced, the divestment of the SME operations in Finland to Oma
Sparbank Abp was finalised during the third quarter 2024. In total, the net
premium that the bank receives from the divestments of operations in Finland to
S-Bank Abp, Fennia Life Insurance, and Oma Sparbank Abp amounts to approximately
EUR 0.5 million (SEK 6 million).

For further information, please contact:
Carl Cederschiöld, CFO, +46 8-22 92 20
Peter Grabe, Head of Investor Relations, +46 70-559 11 67
Handelsbanken Press Office, +46 8-701 80 18

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

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