Skandinaviska Enskilda Banken

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Skandinaviska Enskilda Banken AB
Type Public (OMX: SEB A)
Founded 1972
Headquarters Stockholm, Sweden
Key people Annika Falkengren (President and CEO), Marcus Wallenberg (Chairman of the board)
Industry Banking and Finance
Products Retail banking, merchant banking, wealth management and life & pension
Profit ▲ SEK 13,642 million (2007)[1]
Total assets SEK 2,344 billion (2007)[1]
Employees 19,500 (2007)[1]
Website www.sebgroup.com

SEB or Skandinaviska Enskilda Banken AB, is a North-European financial group for corporate customers, institutions and private individuals. Its activities comprise mainly banking services, but SEB also carries out significant life insurance operations.

Contents

[edit] Overview

SEB serves more than 400,000 corporate customers and institutions and more than five million customers in the Nordic and Baltic countries, Germany, Poland, Russia and the Ukraine and strategic presence through its international network in another ten countries.

More than half of SEB’s approximately 20,000 employees are located outside Sweden. On 31 December 2006, total assets amounted to SEK 1,934bn, while the Group’s assets under management totalled SEK 1,262bn.

[edit] History

In 1972, Stockholms Enskilda Bank (established 1856) and Skandinaviska Banken (established 1864) merged to form SEB. Reasons for the merger included creating a bank better positioned to serve corporate clients and to fend off competition from major international banks.

[edit] Subsidiaries

[edit] References

  1. ^ a b c Annual Report 2007. SEB. Retrieved on 2008-04-15.

[edit] Data

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OMX Stockholm 30 companies of Sweden