Youth, environment focus when SEB sails Baltic sea

9/2/2010 3:36:00 PM

The ship's crew

For 20 days, the ship Briggen Tre Kronor of Stockholm will sail around the Baltic sea stopping in Lithuania, Latvia and Estonia. On board are mentors and students from SEB's mentoring program, customers and SEB employees. The initiative aims to draw attention to SEB's work on sustainability issues, especially its dedication to a cleaner Baltic sea and support of future generations.

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SEB's Financial Officers' Index - Continued optimism despite increasing uncertainty

9/1/2010 7:30:00 AM

Optimism remains strong among Swedish financial officers and has only decreased marginally since our previous survey, likely reflecting a slower than anticipated recovery in the global economy. With most officers nevertheless believing higher volumes will contribute to improved profitability during the current year, earnings expectations remain high. While respondents appear more concerned this year by higher raw material costs, an increasing number of companies expect to raise prices.

  (...)

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SEB report: Economic recovery but higher risks

8/31/2010 12:57:00 PM

The shift from one economic growth engine to another is occurring more sluggishly than desired: with private consumption and capital spending not successfully filling the void emerging as the positive effects of fiscal stimulus programmes and inventory build-up fade away. In Tuesday’s Nordic Outlook, SEB’s economists forecast that in the OECD countries, economic growth is expected to end up at 2-2.3 per cent during the next couple of years, or somewhat below trend. They also peg the probability of a new global recession at 25 per cent. Here you can hear Håkan Frisén, head of Economic Research at SEB, talk about some key items in the Nordic Outlook report.

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Nordic Outlook: Economic recovery but higher risks, depressed key rates and bond yields - Nordic countries well equipped for upturn

8/31/2010 10:00:00 AM

Not unexpectedly, there are persistent debt problems in many countries. The shift from one economic growth engine to another is occurring more sluggishly than desired: private consumption and capital spending are not successfully filling the void emerging as the positive effects of fiscal stimulus programmes and inventory build-up fade away. The global recovery is continuing, but its loss of momentum is creating uncertainty − despite new promises from the US Federal Reserve (Fed) of new (...)

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Carsten Heinild to join SEB Enskilda in Denmark

8/30/2010 2:30:00 PM

As the leading Nordic investment and corporate bank, SEB is now taking further steps to scale up its business in Denmark.

 

Carsten Heinild has been recruited to co-head SEB Enskilda Corporate Finance in Denmark, together with Arne Due-Hansen. Carsten Heinild has a prominent background as a senior investment banker in Alfred Berg and ABN AMRO and currently heads Royal Bank of Scotland's Danish operations.

 

Carsten Heinild will join SEB in the first quarter of 2011.

 

 

 (...)Read the full news article here

SEB's exposure towards HQ Bank fully collateralised

8/30/2010 1:05:21 PM

In a difficult situation for HQ Bank and its customers, SEB is assisting the bank and its customers following today's petition to the District Court of Stockholm to liquidate HQ Bank. As custodian and clearing bank, SEB is settling all securities transactions in an orderly manner.

SEB has a credit exposure towards HQ Bank of SEK 141m, securities lending amounting to a nominal value of SEK 600m and settlement guarantees of SEK 307m.

SEB's engagement does not pose a loss risk for the bank as  (...)

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New TCM managers reinforce Nordic growth strategy

8/27/2010 10:02:00 AM

Thorodd Bakken, Mika Koskinen, Peter LauridsenDuring the summer, SEB has appointed new country managers for its Trading and Capital Markets (TCM) business in all three Nordic countries outside Sweden. The move aims to strengthen the local management teams and reinforce the Nordic growth strategy applied by SEB.

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Support of creative business ideas to promote economic growth

8/11/2010 4:00:00 PM

The Latvian Centre for Contemporary Art (LCCA) in cooperation with SEB Latvia has started a project competition programme “Brigāde”. The programme provides financial support to creative teams helping to promote economic growth.

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EU stress tests confirm SEB’s strong financial position

7/23/2010 10:18:00 AM

Anders KvistCEBS published results from stress tests for banks in the European Union Friday. “These stress tests, like those performed by Swedish authorities, confirm SEB’s strong capitalisation,” says Anders Kvist, head of Group Treasury at SEB.

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SEB's housing price indicator in Latvia up sharply in July

7/21/2010 10:17:00 AM
Tags: baltic, economy

HouseSEB's Housing Price Indicator in Latvia is continuing up and jumped sharply to a positive 15.1 reading in July, indicating that twice as many Latvians are now forecasting rising prices compared to those who believe prices will drop in the coming year. But now development may slow, warns SEB's expert.

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SEB extends financing to Vika Wood in Latvia

7/20/2010 9:00:00 AM
Tags: baltic

Ainārs Ozols (SEB), Katarina Fyrsjö (SEB), Ilze Bukulde (SEB) and Andris Krecers (Vika Wood)

SEB and Latvia’s largest sawmill company Vika Wood have signed a contract for about 7 million euros worth of financing for extending and upgrading production facilities. The project also involves financing from the European Union structure funds and in addition to the 7 million euro financing, SEB and Vika Wood signed a guarantee contract worth 1.05 million Latvian lats regarding the EU structure funds advance payment from the Investment and Development Agency of Latvia.

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Standard & Poor’s gives SEB Asset Selection top ranking

7/14/2010 12:29:00 PM
Tags: funds, awards

Hans-Olov BornemannFund management rating institute Standard & Poor’s has awarded SEB’s Asset Selection fund an AA-rating. This places the fund amongst the top-rated UCITS-funds using an absolute return strategy globally. The rating is testament to the long-term high return, the active risk control and the stability and competence in SEB’s global Quant Team, under the leadership of Hans-Olov Bornemann, which is managing the fund.

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Second quarter of 2010: Operating profit SEK 2.6bn (0.6)

7/13/2010 10:35:27 AM

"The cautiously growing optimism in the Nordic countries translates into higher income levels during the quarter. Lower non-performing loans leads to credit loss provisions at par with early 2008, even as SEB adds slightly to the Baltic total NPL coverage ratio. It means that SEB has turned the page in the Baltic countries", says Annika Falkengren, SEB's President and CEO, commenting on today's interim report.

Operating profit for the second quarter isolated amounted to SEK 2,580m (618), an  (...)

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SEB Baltic MentorShip Tour
Teenagers and mentors participating in SEB's mentorship program sail in the Baltic Sea. 

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