11/21/2006

SEB does not plan further acquisitions in Poland

Skandinaviska Enskilda Banken (SEB), one of the biggest banking groups in Scandinavia with strong market position in Ukraine and Russia, wants to develop alone in Poland after it was forced several months ago to withdraw from Bank Ochrony Srodowiska (BOS). The company will operate as a unit and not a bank registered in Poland.

“We withdrew from BOS with a small loss but very big experience and market knowledge. That’s why we want to develop by ourselves in Poland. We do not plan acquisitions although they are not excluded in the future”, Annika Falkengren, SEB CEO said.



SEB is going to serve Scandinavian and German corporate clients in Poland. It also plans to win individual clients. On January 22nd, it will launch its offer, which at first will be directed to the managers of the companies it already services.
Source:pulsbiznesu.pl



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