Press

An independent judging panel for the PRI Awards 2020 has selected SEB Investment Management for its shortlist in the ESG incorporation initiative of the year category.

SEB is investing in London-based fintech company Thought Machine, the provider of a cloud-native core banking platform, as it raises an additional 42 million US dollars.

SEB provides its assessment of a decision by Sweden's FSA to issue remarks and a fine regarding the bank's routines and processes to counter money laundering in its Baltic subsidiary banks.

The operating profit before items affecting comparability for the second quarter 2020 amounted to SEK 5.6bn with a return on equity of 11.2 per cent and a Common Equity Tier 1 capital ratio of 17.8 per cent.

As announced in today’s interim report for the second quarter of 2020, the following changes in SEB’s Group Executive Committee will be effective as of 1 November 2020.

The operating profit before items affecting comparability for the second quarter 2020 amounted to SEK 5.6bn with a return on equity of 11.2 per cent and a Common Equity Tier 1 capital ratio of 17.8 per cent.

SEB is one of five banks with a mandate to execute the sale of Sweden’s first sovereign green bond of approximately SEK 20 billion kronor. 

On July 9, SEB Investment Management, alongside other international institutional investors, was invited to a meeting with the Government and Central Bank of Brazil.

SEB has together with Credit Agricole CIB arranged the issuance of a vaccine bond of  2 billion Norwegian kroner. The money will be used to accelerate the development of a covid-19 vaccine.

SEB’s results for the second quarter 2020 will be announced on Wednesday, 15 July, at approximately 07:00 (Swedish time).