11 Sep 2012 16:29

Three Nordic banks arrange 720 Baltic scholarships

The banks, all active in the Baltic region, provide a total of 1.8 million euro under the Key to Success programme. The money will be used to help reduce tuition fees for students at SSE Riga from all three Baltic countries over the coming five years.

“Sometimes, a wise head, fine mind and good results are not enough to obtain a high quality education. You need financial support, which not everyone has access to,” Anders Paalzow, Rector of SSE Riga, says.

“The donation that SEB, Nordea and Swedbank have granted and the establishment of the programme Key to Success provide invaluable assistance for a greater number of young people in the Baltic States to obtain a competitive education and success in their professional life.”

SEB is already involved in several initiatives – supporting different events and activities related with education. Cooperation with Stockholm School of Economics for SEB has been something more then just financial support to the school both in Stockholm and Riga.

A survey shows that 70 per cent of Latvian residents acknowledge that education has played a significant role in their lives by giving self-assurance and a platform for professional growth and for meeting challenges.

“We are glad to provide support for 720 young people from the Baltics, who are craving to gain the knowledge to succeed in their future and national economic life,” David Teare, head of SEB’s Baltic division, says.