S E B

SEB launches private equity fund

Tue, Sep 11, 2001 14:01 CET

SEB launches private equity fund SEB Invest now offers a new and unique type of investment product: SEB Private Equity - where the client's assets are invested in a globally diversified portfolio of private equity funds. SEB Private Equity is a Luxembourg-based fund and minimum investment is 100,000 euro for institutional investors and 30,000 euro for private banking customers. Portfolio managers are Stefan Mårelid and Niklas Sjöberg, who manage SEB Invests other private equity investments. Private equity has been the fastest-growing class of financial assets over the last decade, with

Interim Report January-June 2001

Thu, Aug 23, 2001 09:05 CET

Interim Report January-June 2001 Lower result due to weaker market conditions · Operating result* amounted to SEK 4 245 M (5 919). · Net interest income rose by 6 per cent to SEK 6 234 M (5 869). · Net commission income decreased by 14 per cent, to SEK 5 958 M (6 939). · Return on equity was 13.4 per cent (22.1). · Staff costs decreased by 1 per cent, to SEK 6 236 M (6 298). · Lending losses were down 53 per cent, to SEK 248 M (SEK 531 M) · The Baltic´s result was up 42 per cent on a comparable basis. · SEB had one million e-banking customers in mid-August. · The European Commission decided

Correction: Invitation to press conference

Tue, Aug 21, 2001 12:48 CET

CORRECTION Invitation to press conference in connection with SEB's presentation of the half year results Lars H Thunell, President and CEO, and Anders Rydin, CFO, will present and comment upon the half year results. Location: Kungsträdgårdsgatan 8 Time: Thursday 23 August 2001, at 10.30 The interim report will be published on 23 August, in the morning, and will be available on www.seb.net. There will also be a telephone conference between 16.00 - 17.00, Swedish time. To participate, please call +44 20 8240 8245 at least 5 minutes in advance and quote: SEB Welcome! Boo Ehlin Press Manager

Invitation to press conference

Mon, Aug 20, 2001 12:08 CET

Invitation to press conference in connection with SEB's presentation of the half year results Lars H Thunell, President and CEO, and Anders Rydin, CFO, will present and comment upon the half year results. Location: Kungsträdgårdsgatan 8 Time: Thursday 23 August 2001, at 10.30 The interim report will be published on 23 August, in the morning, and will be available on www.seb.net. There will also be a telephone conference between 15.00 - 16.00, Swedish time. To participate, please call +44 20 8240 8245 at least 5 minutes in advance and quote: SEB Welcome! Boo Ehlin Press Manager +46 8 763

SEB's bank in Lithuania now has 30,000 e-bank customers

Mon, Jul 30, 2001 10:32 CET

SEB's bank in Lithuania now has 30,000 e-bank customers Vilniuas Bankas triples number of customers in six months SEB's wholly owned Lithuanian bank, Vilniuas Bankas, started its e-bank, VB Internet@s, in September 2000, with the aim of having 3,000 customers by year-end 2000. The bank acquired 11,262 customers and, since the beginning of this year, the number of e-bank customers has tripled to a total of 30,000 in July 2001. The goal for full-year 2001 was to have 30,000 customers, a figure that has now been achieved in half the time. This means that 10 percent of Vilniuas Bankas' total

The European Commission's investigation of the proposed merger between

Thu, Jul 12, 2001 17:50 CET

The European Commission's investigation of the proposed merger between FöreningsSparbanken and SEB will continue during the autumn. The European Commission today announced its decision that it will start an in-depth investigation of the proposed merger between SEB and FöreningsSparbanken. The Commission's final decision about the merger is expected by the end of November. The Extraordinary General Meetings in the two banks, where the proposed merger will be put forward for the shareholders to decide upon, are planned to be held during the fourth quarter 2001. "The case is extensive and we

SEB increases its ownership in the Polish bank BOS

Fri, Jun 29, 2001 10:30 CET

SEB increases its ownership in the Polish bank BOS SEB becomes the single largest owner with 46 per cent of the shares The National Fund for Environmental Protection, the other major shareholder, which owns 44,4 per cent of the shares, and SEB will continue the co-operation initiated last year to develop BOS future business. SEB will support BOS to consolidate and expand its leading position in financing ecological investments and, through access to SEB's international network, achieve a leading position in serving large Scandinavian corporate clients and SME's operating in Poland. A

SEB Invest signs advisory agreement with Schroders

Wed, Jun 27, 2001 09:51 CET

SEB Invest signs advisory agreement with Schroders SEB Invest and Schroders have decided to enter into an advisory agreement under the terms of which Schroders becomes an advisor in the management of SEB's Asian, Japan and Emerging Markets funds as well as segments of the institutional assignments in the Japanese market. The advisory service pertains to 22 funds and certain institutional assignments, involving total assets under management of about SEK 12 billion. The formal agreement becomes effective on 31 August 2001. "Through the co-operation with Schroders, we gain a strong asset

SEB expands and improves the Internet Bank

Wed, Jun 20, 2001 12:01 CET

SEB expands and improves the Internet Bank Customers in SEB Trygg Liv who subscribe to SEB's Internet branch office can now also gain an overview of their traditional insurance over the net. This includes private pension insurance, endowment insurance, individual occupational insurance and early retirement insurance. Information regarding the insurance value, comparable to the value statement received once a year by post, can be retrieved at any time on the Internet. Among other services, customers can see how the value has developed and a listing of deposits and withdrawals. "We have 800,

SEB provides electricity market with tool for easier currency transactions on the Internet

Mon, Jun 18, 2001 12:40 CET

SEB provides electricity market with tool for easier currency transactions on the Internet SEB Merchant Banking is today opening an information page on the Internet that makes its easier for electricity companies and other parties on the market to handle the currency risk in connection with electricity transactions. The information is available to 500 electricity companies with 1,600 subscribers who use the Montel Internet Service. The price for each currency is adapted to the electricity market's specific products and time periods and is updated in real time each day. In addition, through

FöreningsSparbanken and SEB file merger notification with EU Commission

Tue, Jun 12, 2001 11:14 CET

FöreningsSparbanken and SEB file merger notification with EU Commission FöreningsSparbanken (Swedbank) and SEB have filed the notification regarding the proposed merger between the two banks with the Commission of the European Communities. The Commission's formal investigation can thus commence. The EU Commission's clearance is expected in the end of July, at the earliest. If the Commission calls for an extended investigation of the merger, a final clearance is expected in November, at the latest. For further information please contact: FöreningsSparbanken SEB Nils-Fredrik Nyblaeus, Lars

SEB Swedbank merger plan finalised

Thu, May 31, 2001 09:20 CET

SEB Swedbank merger plan finalised - an important step prior to formation of the bank www.sebswedbank.aboutmerge.com/mergerplan/ ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se

100 Swedish Eurocard customers test mobile payment

Thu, May 17, 2001 13:26 CET

100 Swedish Eurocard customers test mobile payment with mobile telephones equipped with Bluetooth During May and June, 100 selected Eurocard customers are testing the use of a virtual Eurocard for payments via Ericsson's R520m mobile telephone with built-in Bluetooth technology. This is the first time that an internationally valid payment form has been used in such a trial. Svenska Eurocard is seeking to test whether customers experience that payment via the mobile telephone is an easier, faster and more convenient alternative than other payment methods, such as cash or card. Four stores in

Board of Directors proposed for SEB Swedbank

Wed, May 09, 2001 10:52 CET

Board of Directors proposed for SEB Swedbank On February 22 of this year the Boards of Directors of FöreningsSparbanken and SEB announced a proposal to merge the two banks to form SEB Swedbank. The principal shareholders in FöreningsSparbanken and SEB now have announced that the following individuals have been proposed as Members of the Board of Directors of SEB Swedbank: Göran Collert, Co-chairman Jacob Wallenberg, Co-chairman Carl Eric Stålberg, Deputy Chairman, President and Chief Executive Officer of JM AB Gösta Wiking, Deputy Chairman, Chairman of Bure Ulf Christoffersson, President of

Decision at SEB's Extra Meeting today

Tue, May 08, 2001 16:10 CET

Decision at SEB's Extra Meeting today Skandinaviska Enskilda Banken's Extraordinary General Meeting of shareholders today resolved to revise the Articles of Association so that paragraph 12 is deleted. Paragraph 12 contained specific decision rules for changing the bank's registered name. The Special General Meeting decision is confirmation of the decision made at the Annual General Meeting on 5 April. 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

SEB adds 10 new funds to its range of external funds

Mon, May 07, 2001 11:37 CET

SEB adds 10 new funds to its range of external funds SEB now offers 20 externally managed funds and SEK 1 billion in net asset value Starting today, SEB can offer investors ten additional funds from external fund managers. This represents a 100 per cent increase since 4 December last year, when SEB first started selling ten funds from managers outside the bank's own range. As of 2 May 2001, SEB is selling four funds from Goldman Sachs, two from Fleming and three from Fidelity (that makes nine, maybe one from Mercury?). To meet the major demand for external fund products, SEB has decided to

Interim Report January-March 2001

Fri, May 04, 2001 09:35 CET

Interim Report January-March 2001 Stable result in spite of weak stock market · Operating result* amounted to SEK 2 789 M (3 186). · Net interest income rose by 6 per cent to SEK 3 070 M (2 883). · Net commission income decreased by 21 per cent to SEK 2 933 M (3702). · Return on equity was 18.4 per cent (25.3). Efficiency measures kept costs stable and risks decreased · Total costs, SEK 5 462 M (5 385), were kept stable and staff costs decreased. · Action plan to freeze IT costs was implemented. · Strong result in Merchant Banking. · BfG re-branded to SEB - restructuring ahead of plan. ·

The christening of SEB's Volvo Ocean Race yacht to be broadcast live on the Internet

Thu, May 03, 2001 18:40 CET

The christening of SEB's Volvo Ocean Race yacht to be broadcast live on the Internet See Crown Princess Victoria christen the yacht On Friday 4 May, SEB's Volvo Ocean Race yacht will be christened at Nacka Strand outside Stockholm. The event will be broadcast live via the Internet at www.teamseb.com. Crown Princess Victoria will christen the yacht and several well-known Swedish artists will be performing. Apart from being broadcast live via the Internet, the christening event will also be broadcast via satellite. This means that SEB employees in Germany as well as in Gothenburg will be able

SEB e-banking for companies is opening a corporate portal

Thu, Apr 26, 2001 14:08 CET

SEB e-banking for companies is opening a corporate portal SEB is enhancing its e-banking service for companies through the introduction of a corporate portal, www.seb.se/foretag that will offer several new services. The service will be open to all companies. Through this initiative, SEB aims to make it easier for small- and medium-sized corporate customers to make use of these financial services, while simultaneously managing and developing their own companies. In addition to the new corporate portal, SEB is also starting e-line - a personalised corporate advisory function that is open

SEB's bank in Lithuania now has 20,000 e-bank customers

Tue, Apr 10, 2001 10:59 CET

SEB's bank in Lithuania now has 20,000 e-bank customers Vilniaus Bankas doubles number of e-bank customers in just three months Vilniaus Bankas, today a wholly owned SEB bank in Lithuania, commenced its e-bank operations (VB Internet@s) in September last year. Since then, the flow of customers has grown at an ever-increasing rate. At year-end, Vilniaus Bankas had 11,262 e-bank customers - three times greater the volume anticipated by its management. At the beginning of April 2001, the number of e-bank customers had grown to 20,108 nearly doubling the customer base in just three months. Some

The Board was re-elected at SEB´s Annual General Meeting

Thu, Apr 05, 2001 20:09 CET

The Board was re-elected at SEB´s Annual General Meeting At SEB´s Annual General Meeting held today, 5 April 2001, the following Members of the Board were re-elected: Jacob Wallenberg, Claes Dahlbäck, Penny Hughes, Urban Jansson, Tuve Johannesson, Hans-Joachim Körber, Carl Wilhelm Ros, Lars H Thunell and Gösta Wiking. Monica Caneman was re-elected Deputy Director. Mrs Caneman is Deputy Group Chief Executive and Head of Corporate and Institutions. Directors appointed by the employees are Ulf Jensen and Bengt Berg - with Inger Smedberg and Erland Sandén as Deputies. At the statuary meeting of

SEB biotech fund now accessible to Swedish fund savers

Mon, Apr 02, 2001 14:12 CET

SEB biotech fund now accessible to Swedish fund savers Customers in the Nordic markets can now begin saving in the SEB Invest Concept Biotechnology Fund. The fund is global, with a focus on the US. It was opened in autumn 2000 for savers in the German market. The investment focus of the biotech fund is biotech companies engaged in research, development and production. It also is oriented towards companies that distribute biotechnology and bio-medicines as well as industries that can benefit from developments in the biotech sector. "Biotech is a narrow industry with high growth potential.

SEB's German bank changes name to SEB

Mon, Apr 02, 2001 13:20 CET

SEB's German bank changes name to SEB As of today, Monday, 2 April, SEB's German bank has changed its name to SEB. Starting today, the old signs at 177 branch offices and at 30 centers for unit-linked insurance and fund sales in Germany will be replaced with the SEB logo. The change of name represents a step in the ongoing international expansion of the SEB Group. Europe is a region of high priority for the Group and it is therefore important that the SEB brand be visible there. During 2000, BfG was able to implement its restructuring faster than had been planned: "During the restructuring

Share