Handelsbanken UK becomes a subsidiary
Starting from today, Handelsbanken’s operations in the UK are being run as a wholly owned subsidiary: Handelsbanken plc. In accordance with previous decisions, operations are being restructured from an international branch to a subsidiary within the Handelsbanken Group. This change means that Handelsbanken is creating a strong basis and a long-term platform to support the Bank’s UK customers, regardless of the outcome of Brexit. Handelsbanken has more than 200 local branches throughout the UK, and in the past ten years lending has grown by 327 per cent, while deposits have grown by 886