Handelsbanken was granted a license for a British subsidiary



Handelsbankenwith yet he carried out his British operations as a branch. The bank has previously decided to change its structure from a subsidiary to a subsidiary owned by the group, even as a preparation for Brexit.

"Before the final transition of the bank's operations to the new UK subsidiary can take place, formal legal approval of the transfer of assets and liabilities from the subsidiary to the subsidiary remains, expected to be completed by the first quarter of 2019," the press release continues.


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