Skandinaviska Enskilda banks

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  Skandinaviska Enskilda Banken AB (SEB)
Country SwedenSweden Sweden
Seat Stockholm
legal form Aktiebolag
ISIN SE0000148884
founding 1856
Business dataTemplate: Infobox credit institute / maintenance / data out of dateTemplate: Infobox credit institute / maintenance / year missing
Employee 15,000 (2018)
Corporate management

Johan Torgeby , President and Chief Executive Officer

The Skandinaviska Enskilda Banken AB ( SEB ; German  Scandinavian private bank ) is a Swedish financial services group headquartered in Stockholm , Kungsträdgården . It was founded in 1856 by André Oscar Wallenberg as the first Swedish private bank and is still part of the Wallenberg family today . The main shareholder is Investor AB . In Germany, SEB is represented by the Skandinaviska Enskilda Banken AB (publ) Frankfurt Branch and the subsidiary DSK Hyp AG.


Stockholm's Enskilda Bank

Banknote from the Stockholm Enskilda Bank from 1876
SEB Frankfurt

The SEB was founded in 1856 as Stockholms Enskilda Bank (German: Stockholmer Privatbank) by André Oscar Wallenberg and played a leading role in the financing of Swedish industry - especially the companies of the Wallenberg family. As a private central bank, it received the right to issue banknotes . In the Swedish banking crisis of 1878, the bank was on the verge of collapse. After many of the bank's customers went bankrupt, the capital was largely drained. Even more serious was the loss of confidence among investors, which threatened to end in a bank run . The bank was saved by King Oscar II , who demonstratively personally made a deposit of 10,000 Reichstalers (and instructed the government to contribute 23 million to the railroad bonds that had triggered the financial crisis).

In 1916, Investor AB was founded by the Stockholms Enskilda banks. In 1945 the Stockholms Enskilda Bank had 14 branches with 433 employees.

Skandinaviska banks

Main article: Skandinaviska banks

In 1864, Carl Fredrik Tietgen founded Skandinaviska Kreditaktiebolaget in Gothenburg , which later became Skandinaviska Banken.

Merger of the two banks to form SEB

In 1972 Stockholms Enskilda Bank merged with Skandinaviska Banken to form Skandinaviska Enskilda Banken . Lars-Eric Thunholm became the first chairman of the board . To this day, it has expanded its position primarily in the Baltic region, but also internationally, and is the leading Scandinavian bank alongside Nordea . In 1976 the German-Scandinavian Bank was founded (together with the Bayerische Landesbank ) as a German subsidiary. In 1982 the bank opened the subsidiaries SEB Corporation in New York and Enskilda Securities in London.

From 1990 to 1992 the bank suffered massive losses from real estate loans of almost 24 billion crowns as part of the Swedish banking crisis , but was able to be restructured and regained its traditionally excellent profitability at the end of the 1990s. Between 1997 and 2001 the group entered a European expansion phase. This was followed by acquisitions in the life insurance sector (merger with Trygg Hansa), asset management (acquisition of ABB Investment Management 1998) and entry into new markets: Germany, the Baltic States, Poland and Ukraine. The attempt to merge with Föreningssparbanken in 2001 failed.

In 2000, the SEB Group in Germany took over the former BfG Bank . In April 2001 the name was changed to SEB AG. Since then, the bank has been operating uniformly in Europe under the name SEB. With effect from January 31, 2011, the German private customer business was transferred to the Spanish Banco Santander . Since then, SEB in Germany has focused on business with large and internationally active medium-sized companies, institutional customers and international commercial real estate customers. Since 2018, SEB has been bundling this core business in the Skandinaviska Enskilda Banken AB (publ) Frankfurt Branch. The Pfandbrief business will remain in SEB AG.


SEB is a universal bank that aims to be the leading Nordic bank. It is represented by subsidiaries in all the countries bordering the Baltic Sea as well as in Ukraine. There is also a worldwide network of branches for corporate banking.

The SEB Group is divided into four business areas: Large Corporates & Financial Institutions looks after 3,000 companies and institutional customers. Corporate & Private Customers takes care of private customers (1.4 million) and smaller businesses (SME; 400,000). The business activities in the Baltic States are bundled in the Baltic business area. Life & Investment Management encompasses activities related to insurance, investment and management.

The SEB Group is active in 20 countries and looks after more than 4 million customers. SEB employs around 15,000 people and operates 219 branches.


"Corporate Sustainability" has been anchored in the SEB business plan with the sub-areas of environment , society and company since 2009 .

In the environmental sub-area, the SEB Group has committed itself to reducing CO 2 emissions in all business areas by 45 percent by 2015. SEB Germany uses “green electricity” from 100 percent hydropower. The SEB uses the rebalancing mailing with the "Go-Green-Initiative" of the Deutsche Post. The bank has been ISO 14001 certified for its environmental management system since 2011.

In Germany, the bank bundles its social commitment in the SEB Foundation. According to the statutes, it supports “charitable causes” as well as sport, science, research, art and culture.

Subsidiaries (extract)


Web links

Commons : Skandinaviska Enskilda Banken  - Collection of images, videos and audio files

Individual evidence

  1. Entry in the BIC directory at SWIFT
  2. Skandinaviska Enskilda Banken AB: Annual Report 2009. (PDF; 4.8 MB) Retrieved on May 25, 2010 (English).

Coordinates: 59 ° 19 ′ 52.7 "  N , 18 ° 4 ′ 22.2"  E