BfG, SEB’s German bank with one million private customers, has been ranked third in Germany regarding the reliability of analyses of company earnings and their share performance on the German stock market during the fourth quarter of 2000.
BfG, which is changing its name to SEB this spring, was ranked third after Delbrück & Co and Hypovereinsbank in a survey conducted by the London-based QA analysis institute. A total of 25 banks and financial institutions were covered in the survey.
BfG placed higher than, for example, ABN Amro, MM Warburg, Lehman Brothers CSFB and Morgan Stanley.
This is the third survey conducted by QA, which, among other aspects, investigates the accuracy of the banks’ forecasts of the earnings of exchange-listed companies and of the analyses of the companies’ share performance.
SEB is a financial group focused on e-banking, savings and growth companies. SEB is one of the largest financial groups in Scandinavia, with SEK 942 billion in funds under management and total assets of SEK 1 108 billion (30 September 2000). The Group has approximately 20,000 employees and is represented in some 20 countries around the world. SEB has today approximately 630 retail and private banking branches, mainly in Sweden, Germany and the Baltic region and 850,000 e-banking customers in seven countries. SEB started recently e-banking in England, online brokerage service, SEBdirect, in Germany and will start e-banking in Norway this year. Read more about SEB: www.seb.net
