SEB Group facts for kids
 |
|
| Publicly traded Aktiebolag | |
| Traded as | OMX: SEB A |
| ISIN | SE0000148884 SE0000120784 |
| Industry | Financial services |
| Predecessor | Stockholms Enskilda Bank (established in 1856) Skandinaviska Banken (established in 1864) |
| Founded | 1972 |
| Headquarters | Stockholm, Sweden |
|
Key people
|
Johan Torgeby (President and CEO), Marcus Wallenberg (Chairman) |
| Products | Corporate and Institutional Banking Retail banking, wealth management, life insurance, pensions |
| Revenue | SEK 54.61 billion (2021) |
|
Operating income
|
SEK 30.86 billion (2021) |
| SEK 25.42 billion (2021) | |
| AUM | SEK 2.682 trillion (end 2021) |
| Total assets | SEK 3.304 trillion (end 2021) |
| Total equity | SEK 193.23 billion (end 2021) |
| Owner | Investor AB (20.8%) Alecta Pension Insurance (5.7%) |
|
Number of employees
|
15,716 (FTE, end 2021) |
| Subsidiaries | SEB A/S (Denmark) SEB Pank (Estonia) |
Skandinaviska Enskilda Banken AB ( abbreviated SEB, is a northern European financial services group headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, Germany, and the United Kingdom, the bank's operations are focused on corporate and investment banking services to corporate and institutional clients. The bank was founded by the Swedish Wallenberg family, which is still SEB's largest shareholder through investment company Investor AB.
History
In 1972, Stockholms Enskilda Bank (established in 1856 by André Oscar Wallenberg) and Skandinaviska Banken (established in 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.
SEB acquired Swedish insurance company Trygg-Hansa in 1997, and integrated its life insurance activities. The property and casualty insurance portion of Trygg-Hansa was later sold.
In 1998, the company changed its logo and brand name from SE-Banken to SEB. At the end of that same year, SEB bought its first shares of the three Baltic banks Eesti Ühispank (Estonia), Latvijas Unibank (Latvia) and Vilniaus Bankas (Lithuania). In 2000, SEB acquired Germany’s Bank für Gemeinwirtschaft (BfG) and the remaining parts of the three Baltic banks.
In early 2001, the company announced plans for a merger with the FöreningsSparbanken (now Swedbank), which was called off when the European Commission demanded major concessions for its approval.
In 2007/2008, SEB developed the green bond concept together with the World Bank.
After several years of weak profitability, SEB sold its German retail banking operations to Spain's Banco Santander in January 2011.
SEB sold its retail banking operations in Ukraine to Eurobank Group in June 2012.
Business
In Sweden and the Baltic countries, SEB is a universal bank, offering financial advice and a wide range of financial services to all customer segments. In Denmark, Finland, Norway, Germany and the United Kingdom the bank’s operations have a strong focus on a full-service offering to corporate and institutional clients. SEB also has a precence in another 26 locations worldwide including New York, São Paulo, London, Luxembourg, Geneva, Warsaw, Kyiv, Beijing, Shanghai, Hong Kong, Singapore and New Delhi.
SEB serves 2,000 large corporations and 1,100 financial institutions, 400,000 small and medium-sized enterprises (SMEs) and some 4 million private individuals.
Since January 2022, the company is operating through six business divisions; Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life and Investment Management.
Corporate social responsibility
Since 2009, SEB has published a separate corporate sustainability report in line with Global Reporting Initiative (GRI) guidelines. SEB is also committed to global initiatives such as the United Nation’s Global Compact, the principles for responsible investments, and the Equator principles.
Since 2011, SEB has published sector policies for the renewable energy, arms & defence, shipping, mining & metals, fossil fuel and forestry industries. In addition, the company has position statements regarding climate change, freshwater and child labour.
Subsidiaries
- SEB Pank [1] (Estonia)
- DSK Hyp (formerly SEB AG) [2] (Germany)
- SEB bankas [3] (Lithuania)
- SEB Corporate Bank (Ukraine)
See also
In Spanish: Skandinaviska Enskilda Banken para niños
