10/07/2006

SEB opens corporate banking office in Poland

North European financial group SEB has strengthened its presence in the Baltic rim with the opening of a new branch office in Warsaw, Poland.

The company believes that the new office will particularly strengthen its Polish corporate banking business. Many of the bank's larger corporate customers from across the Nordic and Baltic regions and Germany also have operations in Poland.

"SEB has been present in Poland for 15 years. It is now extremely satisfying to take the next step and be able to offer corporate banking services under our own brand," said Veine Svensson, head of SEB in Poland.

SEB also said that work is almost complete on a Polish private banking unit, which should become operational in the fourth quarter of 2006.

Altogether, SEB has around 400,000 corporate banking customers and institutions, and five million private customers.

Source:banking-business-review.com



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