SEB: SEB's second quarter 2019 result

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"SEB’s diversified business model remained favourable. Both corporate and private customers were active and lending volumes increased. The operating profit of SEK 6.1bn increased by 4 per cent compared with the first quarter this year. We have the financial strength needed to support our customers going forward”, says , President and CEO.

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SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long-term perspective and supports its customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in some 20 countries worldwide. At 30 June 2019, the Group's total assets amounted to SEK 2,912bn while its assets under management totalled SEK 1,932bn. The Group has around 15,000 employees. Read more about SEB at sebgroup.com

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Globe Newswire: 06:00 GMT Friday 12th July 2019

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