News

2018

  • Pay increases in major advanced economies have speeded up in recent years. But in Sweden, we have not seen any similar pay acceleration, says Håkan Frisén and Olle Holmgren in this week's Reflections.

  • In December last year a reverse mentoring initiative started where members of SEB's Group Executive Committee were paired with a few of the bank's millennials to gain new perspectives. For Mats Torstendahl and Maria Bernstål, sales manager for the SME segment, it was a good match.

  • As opposed to before, the Swedish currency now has some defensive qualities and may therefore not fall in value and provide a cushion for the economy when the next slowdown arrives.

  • Joachim Alpen, co-head of Large Corporates & Financial Institutions at SEB, joins the board at the newly founded Stockholm Sustainable Finance Centre, SSFC. 

  • Sweden’s largest real estate company Vasakronan on 21 September issued the world’s first green certificates.

  • The IT Young Professional Programme, ITYPP, started 2008 to attract new competences to SEB. Kamil Herzog was one of the first to participate and still has a lot to thank the program for.

  • “The financial market has a key role to play in creating economic drivers that contribute to a sustainability shift. The better we are at this, the faster the transformation will take place”, says Karl-Oskar Olming, new Chief Sustainability Strategist at SEB.

  • The inability of the parties to deal with Sweden’s new political landscape will hinder the formation of a strong, decisive government, says Håkan Frisén and Daniel Bergvall in the Economic Insights on the Swedish election coming up.

  • Global import tariffs have trended downward for the past 30 years. But increased populism is fuelling protectionism. The trade war will intensify this autumn, foresees Chief Strategist Robert Bergqvist in his reflections for August. 

  • The European Securities and Markets Authority (ESMA), which monitors compliance with the EU Credit Rating Agency Regulation (CRAR), has issued SEB with a sanction of 495,000 euros.

  • Operating profit for the second quarter 2018 was SEK 10.7bn (5.3). Return on equity was 29.9 per cent (11.6) while return on equity before items affecting comparability was 16.5 per cent (11.6). 

  • Corda Enterprise is now being launched, the next step in the development of a scalable, global infrastructure based on blockchain technology.

  • Our AI Guild recently arranged the very popular AI Day here at Arenastaden. Hundreds flocked to hear both internal experts as well as invited profiled guests talk. Watch the film!

  • SEB now launches its Developer Portal for public use, welcoming developers to sign up and get access to the first APIs that are part of SEB's Open Banking journey.

  • This week SEB was enrolled in SWIFT gpi, a new, global payment service that will lead to faster speed, greater transparency and better tracking of cross-border payments.

  • Hans Christian Kjelsrud will join SEB as Head of Shipping & Offshore.He most recently held the position as Global Head of Shipping & Offshore at Nordea.

  • SEB´s head of Sustainability, Marie  Baumgarts, has been included in The European Commission's Technical Expert Group on Sustainable Finance.

  • In recent months the weak Swedish krona has generated a broad discussion about the consequences of monetary policy. Håkan Frisén and Olle Holmgren comments on it in Economic Insights for June.

  • Peter Branner, CEO of SEB Investment Management AB, has decided to leave SEB to take up a position with a company outside the Nordic region. 

  • SEB commits to support international voluntary recommendations on climate-related financial disclosure. The recommendations have been prepared by an industry-led working group, Task Force on Climate-Related Financial Disclosures, (TCFD) at the request of the G20 Financial Stability Board (FSB).

  • SEB has signed a statement of commitment to the FX Global Code, which will ensure a robust, fair and transparent currency market distinguished by high ethics.

  • The Danish Competition Council, Konkurrencerådet, on 30 May 2018 approved the sale of SEB Pension to Danica Pension.

  • The financial sector has a key role to play in contributing to the green transition, said  Marcus Wallenberg, at the Swedish-French conference on Green economy. 

  • SEB has signed a share purchase  agreement to sell its Fund Services business in Luxembourg to FundRock Management Company S.A. The business, including some 20 employees, will be transferred to FundRock, subject to regulatory approval.

  • This week SEB launched green mortgages. The new loans are available to anyone with housing that Sweden’s National Board of Housing, Building and Planning have assigned an A or B rating for energy efficiency.

  • Through SEB’s collaboration with fintech company Capcito the bank’s small business customers are offered a digital solution which provides simple access to a dynamic overdraft.

  • Operating profit before items affecting comparability for the first quarter 2018 was SEK 5.3bn (6.1). Operating profit for the first quarter 2018 was SEK 5.3bn (4.2). 

  • SEB has published its first Green Bond Investor Report, describing the environmental impact from SEB’s inaugural green bond, issued in February 2017.

  • How can the private sector contribute to the huge investments that need to be made in renewable energy and infrastructure? This was the main question at SEB’s customer seminar on Nordic infrastructure and renewable energy held last week.

  • “What’s most important is that you have mutual trust and can meet face to face – that you feel a sense of engagement and a partnership,” says Lotta Svensson, who together with her brother Anders Svensson runs building supply firm Woody Bygghandel Stockholm Syd.

  • A booming economy and solid central government finances have created room for an expansionary election budget; the “krona-by-krona” principle has been replaced by a splurge mentality, says Håkan Frisén and Daniel Bergvall in Economic Insights for April.

  • "Our partnership with SEB works well for our portfolio managers as well as for our administrative staff,” says Mikko Mursula, Chief Investment Officer of the Finnish mutual pension insurance company Ilmarinen.

  • Confidence and an understanding for each other’s business are the most important factors in a banking relationship. So says Professor Vladas A. Bumelis, founder and Chairman of Biotechpharma, a Lithuanian company that develops and manufactures biopharmaceutical products for the pharmaceutical industry. 

  • After 20 years of marriage, Göran and Eva Brandt came to an impasse and decided to divorce. A year later they changed their minds and began searching for a new home together. It was then they met with their current bank adviser, who really made an impression.

  • No major economic effect from Trump's tariffs, and no further US action is main scenario, writes SEB’s Chief Economist Robert Bergqvist.

  • “What’s most important in a banking relationship is a long-term perspective, partnership and an interest to join us on our journey of growth.” So says Pia Aaltonen-Forsell, CFO of the industrial group Ahlström-Munksjö. 

  • Excluding items affecting comparability the operating result was SEK 22.7bn and return on equity 12.7 per cent. 

  • In cooperation with Danish venture capital fund SEED, SEB is investing 30 million Danish kronor in fintech company Cardlay.

2017

2016

2015

2014

2013

2012

  • Poor equity returns and record-low bond yields spur surging interest for alternative assets, writes SEB’s X-asset team in one of a pair of recent reports.

  • SEB will soon start offering digital documentation in Estonia. "We know that customers want to manage documents digitally as long as it is easy and safe," says Katre Kuulpak at SEB in Estonia.

  • In 2013, small and medium-sized companies in Estonia, Latvia and Lithuania expect higher sales and considerable export activity, indicates a flash survey conducted by SEB.

  • SEB’s experts see Brent crude easing towards 105 dollars per barrel, exactly where Saudi Arabia wants it. Should the price fall below 100 dollars, Saudi Arabia would cut production.

  • SEB was named Bank of the Year 2012 in Sweden and the Baltic countries. ”We want to be leaders in our markets and also be perceived as the best bank," says SEB's CEO Annika Falkengren.

  • There is a growing likelihood of better times ahead, SEB's experts, lead by Chief Investment Officer Hans Peterson, say in a new issue of Investment Outlook.

  • Long-term supply continues to increase while the global oil demand forecast has been progressively reduced during 2012, says SEB’s experts in a new Oil Market Report.

  • Except for a slightly lower oil price, SEB’s experts in a new issue of Commodities Monthly see few near-time changes to commodities prices.

  • Regarding information in media this morning concerning SEB’s card acquiring business with SAS.

  • “It is important to be courageous and learn from your mistakes. That is what leads you to success,” IT entrepreneur Hjalmar Winbladh said as he accepted the newly established SEB A Perfect Entrepreneur award from SEB’s Chief Executive Officer Annika Falkengren at a ceremony in Stockholm’s Concert Hall recently.

  • SEB, Nordea and Swedbank are jointly backing a programme to provide 720 scholarships for students at the Stockholm School of Economics branch in Riga.

  • SEB’s Housing Price Indicator in Latvia in August reached its highest level since measurements began in 2009. The underlying survey commissioned by SEB shows that 38 per cent of respondents now expect housing prices to rise while only 9 per cent expect declines over the coming 12 months.

  • Now SEB’s green cars have reached also the Baltic countries. During six months, ten environmentally friendly Smart cars will cover thousands of miles of roads in Lithuania, Latvia and Estonia, visiting thousands of small and medium-sized enterprises to give advice on financial issues.

  • SEB’s Housing Price Indicators show optimism remaining stable in Latvia while it has decreased significantly in Lithuania since March.

  • The simple questions are often the hardest to answer – but perhaps also the most enjoyable. That shows when we meet Robert Bergqvist, chief economist at SEB, and Anders Kvist, the bank’s head of Financial Management, to discuss the debt crisis – the reasons behind it, where new credits come from and how new money is created.

  • The Swedish krona has recently become stronger compared to other currencies, particularly the euro which is now cheaper for Swedes than any time in the past 11 years. SEB's economists believe the trend towards a stronger krona will continue over the next 12 months albeit at a slower pace.

  • With eBay, Bonnier and SAS among its clients, Swedish technology firm Apica is ready to increase its global presence. SEB’s Venture Capital unit is joining three existing investors to provide 35 million kronor to support the expansion as well as further development of the company’s products.

  • SEB has extended its support of the Mentor programme in three countries. The non-profit organisation works with young people to strengthen self esteem and confidence as a way of resisting peer pressure in relation to alcohol and drug use.

  • SEB in Estonia is now the holder of an official Guinness World Record. This weekend 412 devoted employees helped to add 53,757 coins to a 20 square meter coin mosaic in the form of a debit card. The biggest challenge was to create a so-called QR code, which is a bar code that works with mobile phones.

  • Financialhearings.com has named SEB Enskilda as the best research house in Sweden and put four of its analysts among the top 15 individual performers. At the same time, SEB's chief economist Robert Bergqvist has been honoured as the best economy commentator by Svensk Image.

  • “After Sunday’s election, Greece and the world are awaiting the formation of a new government in Athens. The most likely outcome is a majority government consisting of the two parties that have signed the bail-out plan,” Robert Bergqvist, SEB’s chief economist, says.

  • Business daily Verslo Zinios and career portal CV.LT have named SEB as the most attractive employer in Lithuania. It’s the sixth time in the eight-year history of the awards that SEB has been singled out by the Lithuanian public.

  • SEB in Latvia repeated its performance from last year and claimed a gold medal in the Sustainability Index competition, a joint initiative by the Employers’ Confederation of Latvia and the Free Trade Union Confederation of Latvia.

  • Moody’s, the rating agency, Friday confirmed SEB’s credit rating with a stable outlook. Nordea and Handelsbanken however saw their ratings lowered one notch. Moody’s review of Swedish banks is part of an on-going review of the European banking system.

  • The Stockholm School of Economics last week opened a Sustainable Business Centre in Latvia’s capital Riga. SEB is providing support to the centre, which will work with research, training and popularising sustainable activities across the Baltic region.

  • SEB this week launched its Latvian Facebook channel where customers can keep track of the bank’s events, express views and opinions, engage in and support social projects and of course ask SEB’s call centre specialists questions related to products, services and their personal financial needs.

  • Annika Falkengren, SEB’s CEO, rang the closing bell at the NASDAQ OMX exchange yesterday (10 May), reminding those present that it wasn’t that long ago that the Nordic countries were considered, to some extent, emerging markets.

  • SEB published its Nordic Outlook report Tuesday and at the same time provided forecasts in a number of areas. One such forecast was for a capital infusion of 50 billion euro at the European Investment Bank (EIB) in order to finance investments across Europe.

  • SEB is the top bank for large corporate clients and financial institutions for the entire Nordic region according to market researcher TNS SIFO Prospera. Here SEB’s CEO Annika Falkengren and Magnus Carlsson, head of the Merchant Banking division, comment on how the bank achieved a 20 per cent improvement in the rankings over 2010.

  • A complex deal involving long-term financing of equipment for a new hydroelectric plant in Iceland has been named “EMEA Trade Finance Deal of the Year 2011” by International Trade Finance magazine. SEB arranged and will continue to manage the financing structure.

  • SEB’s venture capital unit and Industrifonden are investing 40 million Swedish kronor in the IT company Clavister AB to support its expansion plans. The firm offers advanced network security products that are in increasing demand as the threat from intrusions, malware and denial of service attacks increase.

  • SEB has retained its ranking as the top advisor and arranger of debt capital market financing for customers in Sweden in the latest TNS SIFO Prospera survey.

  • SEB True Market Neutral has been named the top performer in the “Best Fund of Hedge Funds Multi-Strategy under 500 million US dollars” category of the HFMWeek European awards – among the most highly regarded awards for the hedge fund industry.

  • The future of the Eurozone and impact of regulatory changes on the financial services market dominated the agenda at yesterday’s SEB Financial Summit. While speakers didn’t always see eye to eye, there was general consensus that the crisis is not over and building credibility will be key to long-term success.

  • SEB’s Danish mutual fund SEBinvest Danske Aktier has received Morningstar’s 2012 award for best Danish equities fund. The SEB fund provided a better risk-adjusted return over a three year period than any other fund in the Danish equities category.

  • None of the Swedish banks took the offer of cheap funding when the European Central Bank (ECB) Wednesday offered a three year loan facility. Anders Kvist, head of Group Financial Mangement at SEB, explains why SEB did not want to take the offer.

  • SEB's Danish life insurance company SEB Pension, has in collaboration with GreenGo Energy, established the largest solar cell power plant on the roof of Teknikerbyen (the Techno Village) in Virum, Denmark. The facility increases the overall solar power capacity of the country by eight percent.

  • Continuing a 12 year old tradition, SEB in Latvia also this year participated in Shadow Day, giving schoolchildren from all over Latvia the opportunity to get to know the bank’s everyday work. 272 students applied and 49 of them got the chance to follow an SEB employee during a working day.

  • Moody's Investors service, the credit ratings agency, has placed 114 financial institutions in 16 European countries on a watch list for possible downgrades to their long-term credit ratings.

  • The 200 megawatt wind farm is being built outside Gävle in eastern Sweden and should be finished next year. SEB’s Project, Asset and Export Finance (PAEF) team, joined forces with Norwegian bank DNB to arrange financing for the 300 million euro project. AEB is also providing interest rate hedging.

  • European investors and money managers, in a survey done by Institutional Investor magazine, named SEB Enskilda the best provider of Nordic equity research.

  • SEB together with customers, partners and the Latvian public raised almost 4,300 Latvian lats for SOS Children’s Villages through a range of activities from 17 November to 6 January.

2011