Svenska Handelsbanken AB (OTCPK:SVNLY)
$ 5.25 0 (0%) Market Cap: 20.79 Bil Enterprise Value: 117.45 Bil PE Ratio: 7.72 PB Ratio: 1.12 GF Score: 76/100

Svenska Handelsbanken AB Gathering Its Forces at Branches, Accelerating the Pace of Digital Development and Cutting Costs Press Conference Transcript

Sep 16, 2020 / 08:00AM GMT
Release Date Price: $4.73 (+2.38%)
Carina ÃkerstrÃ;m;publ;President
Svenska Handelsbanken AB;Group Chief Executive & Executive Director

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A very warm welcome today to this very recently convened press conference as a result of the press release that was published this morning and which you will have seen. You can see very clearly from the press release that we're pooling our strengths around our branches. We're stepping up the pace of digital development, and we're reducing our costs. I would like to begin by showing you what's on this slide here, outlining very clearly and generally, what our next step will be on the path to a less complex bank. We've talked about this over the course of the past 12 months. So we're going to invest even further, focusing on decentralization, being close to the customer. We're pooling our forces, our strength, focusing on branches, and we want to ensure that our branches can face up to the changes we see in demand from our customers, and we're going to be doing this in fewer locations than previously.

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