Skandinaviska Enskilda Banken

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Skandinaviska Enskilda Banken AB
Type Publicly traded Aktiebolag
Traded as OMXSEB A
Industry Financial services
Founded 1972
Headquarters Stockholm, Sweden
Key people Annika Falkengren (President and CEO), Marcus Wallenberg (Chairman)
Products Retail banking, merchant banking, wealth management, life insurance, pensions
Revenue SEK 33.88 billion (2010)[1]
Operating income SEK 11.11 billion (2010)[1]
Profit SEK 6.745 billion (2010)[1]
AUM SEK 1.399 trillion (end 2010)[1]
Total assets SEK 2.180 trillion (end 2010)[1]
Total equity SEK 99.54 billion (end 2010)[1]
Employees 19,220 (FTE, end 2010)[1]
Website www.sebgroup.com

Skandinaviska Enskilda Banken AB (SEB) is a Swedish financial group for corporate customers, institutions and private individuals with headquarters in Stockholm, Sweden. Its activities comprise mainly banking services, but SEB also carries out significant life insurance operations and also owns Eurocard. The bank was founded by and is controlled by the powerful Swedish Wallenberg family through their investment company Investor AB.

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, Poland, Russia and 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 2009, the Group's total assets amounted to SEK 2,308bn (~EUR 225bn) while its assets under management totalled SEK 1,356bn (~EUR 132bn).

[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 d e f g "Annual Results 2010". SEB. http://hugin.info/1208/R/1485382/420459.pdf. Retrieved 5 February 2011. 

[edit] External links

[edit] Data

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