Press

COVID-19 vaccine roll-outs and powerful stimulus measures are laying the groundwork for a rapid recovery, once the pandemic releases its grip on the world economy, says Nordic Outlook for February.

SEB and the largest banks in Sweden started a cooperation with the Swedish Police Authority to fight money laundering and organised crime.

On Wednesday, 27 January, at approximately 07:00 (Swedish time) SEB’s results for the fourth quarter 2020 will be announced.

Mats Torstendahl has been appointed deputy CEO and president. New head of division Corporate & Private Customers will be Jonas Söderberg, currently regional manager within C&PC.

Impending vaccines and a US election outcome that was well received by investors help SEB’s experts feel more confident as they lift their gaze to 2021 and 2022. 

After a surprisingly strong economic recovery in the third quarter of 2020, the second wave of the novel coronavirus is becoming significantly worse than expected, leading to negative GDP growth during the fourth quarter, says Nordic Outlook for November.

The financial outlook is showing a significant improvement since this past spring, says the CFO Survey for the autumn of 2020.

The operating profit for the third quarter 2020 amounted to SEK 5.9bn with a return on equity of 11.7 per cent and a Common Equity Tier 1 capital ratio of 19.4 per cent.