* City/Location: Stockholm, Sweden
* Core business areas: Corporate and investment banking, asset management, private banking, and retail banking services.
* Main products and services: Financial services, including loans, savings and investment products, payment services, and financial advisory services for individuals, corporations, and institutions.
* Year founded: 1856
* Key people: Johan Torgeby (President and CEO), Olof Faxander (Chairman)
* Revenue: SEK 109.7 billion (2020)
* Number of employees: Approximately 15,000 (2020)
* Presence: SEB has presence in more than 20 countries worldwide, with a focus on the Northern European markets.
* Mission statement: "To enable people and businesses to grow by providing financial services and expert advice in a sustainable way."
* Values: Responsibility, Openness, Simplicity and Professionalism.">
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SEB
SEB

-5.25%

Industry & manufacturing / Small appliances, cookware

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

SEB (Svenska Enskilda Banken) is a Swedish financial group founded in 1972 and headquartered in Stockholm, Sweden. It is one of the largest banks in the Nordic countries and provides banking, asset management, and other financial services to individuals, businesses, and institutions globally.
The bank has a presence in more than 20 countries and employs over 14,000 people. It offers a wide range of services, including corporate and investment banking, private banking, asset management, and life insurance. It also has a strong focus on sustainable investments and has been named the most sustainable bank in the Nordic region several times.
SEB is listed on the Stockholm Stock Exchange and is a component of the OMX Stockholm 30 index. It has a strong financial standing and has consistently been ranked among the top banks in the world in terms of profitability and financial stability.
SEB is committed to promoting diversity and inclusion, both within its organization and in the wider community. It has been recognized as a leading employer for diversity and inclusion initiatives, and has also implemented various environmental and social initiatives in line with its sustainability goals.
In addition to its banking services, SEB also supports various cultural and social initiatives through its SEB Art Prize and other sponsorship programs. It also has a long history of supporting sports and is a major sponsor of the Swedish Olympic Committee.

What is special about the company?

1. Leading Provider in its Industry: SEB is a global company that is a leading provider of financial services and products, particularly in the Scandinavian region. With its strong market position, the company has a significant influence in shaping the financial landscape.
2. Long History: The company has a long history, dating back to the 19th century when it was founded. SEB has been able to navigate through many challenging economic and political environments, demonstrating its resilience and expertise in the financial industry.
3. Strong Reputation: SEB has a strong reputation for its commitment to ethical business practices and responsible corporate behavior. This has been recognized by its stakeholders, including investors, customers, and employees.
4. Diversified Business Portfolio: SEB offers a wide range of financial products and services, including corporate banking, wealth management, investment banking, and insurance. This diversification allows the company to serve different markets and customers, reducing its dependence on a single source of revenue.
5. International Presence: SEB has a global presence, with operations in over 20 countries around the world. This allows the company to tap into different markets and benefit from the expertise and resources of diverse cultures and economies.
6. Focus on Innovation: The company has a strong focus on innovation and digitalization, which has helped it stay ahead of competitors and adapt to changing market trends. SEB invests heavily in research and development to develop new and innovative products and services.
7. Strong Financial Performance: SEB has a track record of strong financial performance, with consistent revenue growth and profitability. This has been achieved through effective risk management, cost controls, and strategic investments.
8. Employee Engagement and Development: SEB values its employees and invests in their development and well-being. The company has a strong employee engagement program, and its focus on diversity and inclusion has led to a diverse and talented workforce.
9. Sustainable Practices: SEB is committed to sustainable practices and has integrated environmental, social, and governance factors into its business operations. The company has set ambitious goals to reduce its environmental impact and promote social responsibility.
10. Strong Corporate Culture: SEB has a well-defined corporate culture based on its core values of teamwork, integrity, and customer focus. This has helped create a positive work environment and foster a sense of belonging among its employees.

What the company's business model?

SEB (Skandinaviska Enskilda Banken) is a Swedish financial services company that offers a wide range of banking, financial, and investment products and services to individuals, organizations, and corporate clients. Its business model can be broken down into the following components:
1. Core business: SEB’s core business is traditional banking services, including savings and checking accounts, loans, mortgages, and credit cards. It also offers investment products such as stocks, bonds, mutual funds, and insurance.
2. Corporate and investment banking: SEB provides services to large corporations and institutional clients, such as cash management, financing, and risk management.
3. Private banking and wealth management: SEB offers tailored solutions to high-net-worth individuals and families, including wealth planning, asset management, and advisory services.
4. Transaction banking: SEB’s transaction banking services include trade finance, cash management, and liquidity management for corporate and institutional clients.
5. e-commerce solutions: SEB provides e-commerce solutions for merchants, including online payment processing and e-commerce finance.
6. Digital and mobile banking: SEB has invested heavily in its digital and mobile banking capabilities to offer convenient and efficient banking services to its customers.
7. Geographic diversification: SEB operates in several countries, primarily in Northern Europe, but also in Germany, the UK, and Eastern Europe, allowing the company to have a diverse customer base and mitigate risk.
8. Sustainable banking: SEB incorporates sustainability into its business model by offering sustainable investment options, promoting responsible lending practices, and reducing its own environmental impact.
Through its diverse range of products and services, SEB aims to meet the financial needs of a wide range of customers while also maintaining a sustainable and responsible approach to business.

Interesting facts about the company

1. SEB was founded in 1856 in Stockholm, Sweden, as the Stockholm Bank.
2. The company’s name was changed to Skandinaviska Enskilda Banken (SEB) in 1972.
3. SEB is one of the oldest and largest banks in Scandinavia, with operations in more than 20 countries.
4. SEB has more than 15,000 employees, serving around 4 million private individuals and 500,000 corporate clients.
5. The company has a strong focus on sustainability and was one of the first banks to issue a green bond in 2008.
6. SEB is considered a leader in digital banking and has won several awards for its innovative digital solutions.
7. The bank is a major player in the Nordic markets, with a top three ranking in investment banking and asset management.
8. In 2018, SEB was ranked as the 40th most valuable banking brand in the world by Brand Finance.
9. SEB has a long history of supporting the arts and cultural institutions, and the company’s art collection includes works by renowned Scandinavian artists.
10. In 1997, SEB became the first bank in the world to launch a mobile banking app.
11. The bank has a long-term partnership with the Swedish Olympic Committee and has been a major sponsor of the Swedish Olympic team since 1912.
12. SEB has been recognized for its commitment to diversity and inclusion, and was named one of the “Best Workplaces for Diversity” by Fortune in 2020.
13. The bank has faced criticism in the past for its involvement in controversial industries, such as the coal and arms industries.
14. In 2020, SEB announced its goal to be carbon neutral by 2023 and to achieve net-zero emissions from its lending and investment portfolio by 2040.
15. SEB is listed on the Stockholm and Helsinki stock exchanges and has a market capitalization of around 223 billion Swedish kronor (as of August 2021).

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