Following our announcement of the restructuring of SEB's Ukrainian business on November 18 2011, we today publish restated historical accounts divided into continuing and discontinued operations.
See this link for a presentation of the figures: Restate Ukrainian Retail divestment (pdf)

On Tuesday, 7 February, at 07:00 (CET) SEB's fourth quarter 2011 results will be announced. In addition presentations and Fact Book will be available on www.sebgroup.com/ir in conjunction with the events below.

Tuesday, 7 February

Press conference
Time: 09:30 (CET)
Venue: Kungsträdgårdsgatan 8, Stockholm
Annika Falkengren, President & CEO, will present and comment upon the results. Please note that the presentation will be conducted in Swedish.

The press conference can be followed live on  (...)

The rating agency Standard & Poor's has upgraded SEB's long-term rating to 'A+' with stable outlook from the previous 'A'. Standard and Poor's highlights the bank's position as the Nordic market leader in capital markets and investment banking and its strong position in other diverse business areas such as cards, wealth management, life insurance, and retail mortgage lending.

"It is with satisfaction we note that Standard & Poor's confirm the financial stability we have built over th (...)

The Banker magazine has named SEB the Bank of the Year 2011 in three countries: Sweden, Estonia and Latvia. The Bank of the Year awards acknowledge the banks with the best overall performance in their country.

"We are very honoured to be recognised as the best bank in Sweden, Estonia and Latvia by The Banker. I am very grateful for the amazing team effort across SEB; a team that always has our customers in focus," Annika Falkengren, President and CEO, says.

The awards for 2011 were presented  (...)

Right now, investors around the world are experiencing a period of almost unprecedented financial turmoil. Natural assumptions and associations that were once valid, such as the safe harbour status of government bonds, have been turned upside down. Nowadays there is very little confidence in the capacity of political leaders to solve problems and confidence in the financial markets. The methods we should employ as investors are undergoing continuous adjustments. 

Many investors have bec (...)

The situation is becoming more and more serious. Conflicting interests and deficient problem awareness has blocked crisis management efforts and created political dithering. The world economy will be close to recession in 2012. Growth will be lacklustre in 2013 as well. The Gross Domestic Product (GDP) of the 34 industria­lised OECD countries will grow by 1.2 per cent in 2012 and 1.8 per cent in 2013. The risk of worse performance is greater than the probability of stronger GDP growth, mainly (...)

SEB has signed an agreement to sell its retail banking operations in Ukraine to Eurobank Group. SEB's business in Ukraine is limited: at mid-year 2011, loan volumes amounted to less than SEK 2bn.

SEB will remain in Ukraine as a corporate  bank, continuing to serve its Nordic, Baltic and German corporate and institutional customers.

The completion of the sale is conditional upon regulatory approvals and is expected to be finalised by mid-2012.

"The operating profit of SEK 3.7bn in the third quarter is evidence of our cautious stance and strong relationship banking model. Customer driven income was higher than any quarter to date and customers have been active, in particular within our trading business, where income increased. Customer driven net interest income was up by 6 per cent compared with the previous quarter reflecting increased demand for lending and deposits. For the first nine months, both lending and depos (...)

On Thursday, 27 October, at 07:00 (Swedish time) SEB's third quarter 2011 results will be announced. In addition presentations and the Fact Book will be available on www.sebgroup.com/ir  in conjunction with the events below.

Thursday, 27 October

Press conference
Time: 09:00 (local time)
Venue: Kungsträdgårdsgatan 8, Stockholm
Annika Falkengren, President & CEO, will present and comment upon the results. Please note that the presentation will be conducted in Swedish.

The press conference  (...)

Eastern (including Central) Europe has recovered nicely since the financial crisis and deep recession of 2008-2009. Economic growth is now on its way towards slowing in 2012, in response to weaker global demand, but will not decelerate as quickly as in Western Europe. Given relatively low or moderate public sector debts, domestic demand will be fairly resilient, writes SEB in its October 2011 issue of Eastern European Outlook.

Because of more favourable public debt positions, large budget def (...)