SEB operates in Germany as a corporate bank providing comprehensive solutions for corporate and institutional clients.
In 2017 total assets of SEB AG were 17 294,80 mln EUR. In 2017 the bank's net income was 0,00 EUR.
SEB AG is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade).
SEB AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
SEB AG is a member of Skandinaviska Enskilda Banken (Sweden).
SEB AG is headquartered in Frankfurt Am Main.
|Total Assets (2017)|
|17 294.80 mln EUR (-14.41%)|
In 2017 total assets of SEB AG were 17 294.80 mln EUR. Decline compared to the previous period (2016) was -14.41%. The evolution of the total assets of SEB AG is shown at Chart 1 below.
Chart 1. Total Assets of SEB AG.
|Net Income (2017)|
In 2017 net income of SEB AG was 0.00 EUR. The value didn't change compared to the previous period (2016). The evolution of the net income of SEB AG is shown at Chart 2 below.
Chart 2. Net Income of SEB AG.
|A+ (high credit quality)||Aa2 (high grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. SEB AG is rated by Fitch and Moody's.
Credit ratings assigned to SEB AG as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for SEB AG it is set to A+ (high credit quality), outlook is positive (may be raised). The rating is not on watch. Short-term issuer default rating for SEB AG is set to F1 (highest short-term credit quality).
|Long-Term Issuer Default Rating||A+|
|Short-Term Issuer Default Rating||F1|
|Support Rating Floor||-|
Viability rating for SEB AG is not set support rating is 1 (extremely high probability of external support); support rating floor is not set.
Long-term rating for SEB AG it is set to Aa2 (high grade). Long-term bank deposit rating is Aa2 (high grade). Baseline credit assessment is a3. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Aa2|
|Baseline Credit Assessment||a3|
Outlook for the ratings of SEB AG is set to stable (not likely to change).
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.
In the case of SEB AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Covered Accounts||all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)|
|Covered Currencies||EU currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of SEB AG and its components are shown in the table below.
|Bank BIC Code||ESSE|
|Country Code||DE (Germany)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of SEB AG is shown in the table below.