Handelsbanken

The transaction includes lending volumes of approximately EUR 4.1 billion corresponding to a risk-weighted exposure amount of approximately EUR 1.3 billion and deposit volumes of approximately EUR 2.8 billion (based on balances as of March 2023). The transaction represents approximately 30 per cent of the lending volumes and approximately 50 per cent of the risk-weighted exposure amounts in the Bank’s operations in Finland. The divestment of the Bank’s remaining operations in Finland continues as part of a separate process.

On the transfer date, the value of the assets will be reduced by an amount corresponding to the liabilities assumed by the buyers, primarily comprised of deposits from the public. The remaining amount will be paid in cash, plus a net premium of maximum EUR 8.5 million.

The net non-recurring financial effects impacting the Group’s operating profit are expected to be marginal.

The sales are contingent on customary approvals by public authorities and the relevant trade unions have been informed.

For further information, please contact:
Carl Cederschiöld, CFO, +46 8 22 92 20
Peter Grabe, Head of Investor Relations, +46 8 701 11 67
Andreas Skogelid, Investor Relations, +46 70 326 72 28
Viktoria Aastrup, Head of Group External Communications, +46 730 43 51 59

This information is of the type that Svenska Handelsbanken AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, at 07:00 CET on May 31, 2023.

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