SEB Group

This article is about the Swedish banking group. For the French company, see Groupe SEB. For similar uses, see Seb § Organizations.
Skandinaviska Enskilda Banken AB
Company typePublicly traded Aktiebolag
Nasdaq Stockholm: SEB A
ISIN
IndustryFinancial services
PredecessorStockholms Enskilda Bank (established in 1856)
Skandinaviska Banken (established in 1864)
Founded1972; 52 years ago (1972)
HeadquartersStockholm, Sweden
Key people
Johan Torgeby (President and CEO), Marcus Wallenberg (Chairman)
ProductsCorporate and Institutional Banking Retail banking, wealth management, life insurance, pensions
RevenueSEK 80.19 billion (2023)
SEK 47.96 billion (2023)
SEK 38.12 billion (2023)
AUMSEK 2.361 trillion (2022)
Total assetsSEK 3.608 trillion (2023)
Total equitySEK 221.78 billion (2023)
OwnerInvestor AB (21.32%)

AMF Pension & Funds (5.04%)
Alecta Pension Insurance (5.03%)
Swedbank Robur Funds (4.05%)
SEB's own shareholding (3.5%)

Other shareholders (61.06%)
Number of employees
17,500 (FTE, end 2023)
SubsidiariesSEB A/S (Denmark)

SEB Pank (Estonia)
DSK Hyp (Germany)
SEB banka (Latvia)
SEB bankas (Lithuania)
SEB Corporate Bank (Ukraine)
SEB Bank (Russia)

SEB SA (Luxembourg)
Websitewww.sebgroup.com
seb.se
Footnotes / references
Source: SEB's Annual and Sustainability Report 2023. https://sebgroup.com/annualreport

Skandinaviska Enskilda Banken AB (Swedish pronunciation: [skandɪˈnɑ̌ːvɪska ˈêːnˌɧɪlːda ˈbǎŋːkɛn]), abbreviated SEB, is a Swedish bank headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, Germany, and the United Kingdom, the bank's operations are focused on corporate and investment banking services to corporate and institutional clients. The bank was founded in 1972 by the Swedish Wallenberg family, which is still SEB's largest shareholder through major investment company Investor AB. SEB is the largest Swedish bank by both market capitalisation[3] and total assets.[4]

The SEB Group traces its origins to the Stockholms Enskilda Bank and Skandinaviska Banken, established in 1856 and 1864 respectively. Both banks played an important role in Scandinavia's industrialisation throughout the late nineteenth and early twentieth centuries, especially in Sweden. After a period of strong growth throughout the twentieth century, Stockholms Enskilda Bank and Skandinaviska Banken merged in 1972 to form the SEB Group.[5]

SEB's German and Baltic subsidiaries, being located in eurozone countries, have been designated as Significant Institutions since the entry into force of European Banking Supervision in late 2014, and as a consequence are directly supervised by the European Central Bank.[6][7]

  1. ^ http://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE281 [bare URL]
  2. ^ http://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE282 [bare URL]
  3. ^ "Sweden: largest banks by market capitalization 2022". Statista. Retrieved 2023-10-09.
  4. ^ "Sweden - Major Banks". thebanks.eu.
  5. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  6. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  7. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.