Sweden's Handelsbanken to exit Denmark and Finland as Q3 profit rises - NewsBreak

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By Alvarez in Business
Updated 2 years ago

By Johan Ahlander STOCKHOLM (Reuters) - Sweden's Handelsbanken said on Tuesday it would exit Denmark and Finland, as it saw little chance to grow without making major investments in those markets. Handelsbanken, one of Sweden's oldest banks and a major mortgage lender, said new regulatory frameworks meant the bank needed central staff functions and infrastructure in each market and that the synergies had decreased for small markets.

sweden-s-handelsbanken-to-exit-denmark-and-finland-as-q3-profit-rises-newsbreak