Through advice and capital, we make it possible for households and companies to realise their ambitions and through financial services and financial infrastructure, we ensure that the wheels of society keep turning. This promotes innovation, savings and investment, which in turn stimulates economic growth and prosperity. That’s how we as a bank create value for our customers, for the economy and for society at large.
What is a bank?
The easiest way to answer that question is probably to imagine what society would look like if banks one day suddenly stopped working. In such a scenario, you wouldn’t be able to shop online or in stores, your salary and pension wouldn’t appear in your bank account, and the trading in equities and funds would come to a halt. Businesses would be affected too – they wouldn’t be able to accept payments, pay for the goods and services they need, or finance their daily operations or their investments.
Simply put, society and the economy would not function. That’s why banks are regarded as critical to society, and why they have such an important role in our economy and in our everyday lives.
What does a bank do?
Banks like SEB are public companies with private individuals, large corporations and financial institutions as well as small and medium-sized companies as customers. We offer financial services including advisory, financing, payment solutions, savings, investments and pension solutions. On a general level, these financial services can be divided into three basic tasks that a bank has in relation to its customers: