15 Sep 2008 15:31

SEB's exposure towards Lehman Brothers

SEB's own total credit exposure towards the Lehman Brothers Group, which parent company today filed for bankruptcy protection, amounts to EUR 64 million at current foreign exchange and market levels. No part of the exposure is related to shares or subordinated debt issued by Lehman Brothers.
 
 
 
 
SEB is a North European financial group serving some 400,000 corporate customers and institutions and five million private individuals. SEB offers universal banking services in Sweden, Germany and the Baltic countries - Estonia, Latvia and Lithuania. It also has local presence in the other Nordic countries, Poland, Ukraine and Russia and a global presence through its international network in another ten countries. On 30 June 2008, the Group's total assets amounted to SEK 2,304bn (EUR 244 bn) while its assets under management totalled SEK 1,295bn (EUR 137 bn). The Group has about 22,000 employees. Read more about SEB at www.sebgroup.com.
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For further information, please contact:
Ulf Grunnesjö, Head of Investor Relations, +46 8 763 8501, +46 70 763 8501
Odd Eiken, Head of Marketing & Communications, +46 8 763 8730, +46 70 763 8730