Q4 2021 Svenska Handelsbanken AB Earnings Call Transcript

Feb 09, 2022 / 10:00AM GMT
Carl Cederschiold - Svenska Handelsbanken AB(publ)-CFO - Head of Group Finance, Executive VP & Executive Director

Good morning, everyone, and welcome to the conference call for the fourth quarter earnings of 2021. This is Carl Cederschiold, CFO, speaking. And with me today, I have the Head of Investor Relations, Peter Grabe; as well as the Head of Accounting, Annika Engler, with me.

Before going into the results, let me start off with some general comments since this quarter is a bit of special from an accounting perspective. First, regarding Denmark and Finland. The divestment process is running at a high pace, and we see good potential buyer interest in both markets. However, we cannot provide any more details at this point, but we'll, of course, come back as soon as we have more information to provide.

Second, the fact that Finland and Denmark are in a divestment process means that the accounting is affected. In accordance to the accounting rules, the operations that are to be divested are from Q4 being reported separately as discontinued

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