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SEB has increased its shareholding in the Polish bank BOS

SEB’s investment in Poland is in line with its strategy to grow in Europe. The other big shareholder, National Fund for Environmental Protection, and SEB will continue to co-operate in developing BOS’ future business. It will enable BOS to consolidate and expand its leading position in financing ecological investment, and, through access to SEB’s international network, to achieve a leading position in serving Scandinavian customers operating in Poland.

BOS is a medium-sized bank with a market capitalisation of PLN 1 billion (approx. SEK 2.3 billion), active in both the corporate and private segments, with its head office in Warsaw. As of 31 of December 2000, the bank had total assets of PLN 4.85 billion (approx. SEK 11,3 billion), 1,680 employees and 52 branches.

SEB is a European financial group especially for corporations and financially active private individuals.

SEB has 630 branch offices in Sweden, Germany and the Baltic States, with 4 million customers in total. Of these, 850,000 are Internet customers. SEB also has operations in the rest of the Nordic countries, Great Britain, Luxembourg and Switzerland. The balance sheet total is SEK 1,123 billion and assets under management amount to SEK 910 billion. The number of employees amount to 21,500. Read more about SEB: www.seb.net