Skandinaviska Enskilda Banken AB (formerly SEB)

Skandinaviska Enskilda Banken AB (SEB) offers a broad range of retail and corporate banking products and services as well as insurance products to private individuals and companies.

Financials

Total Assets (2017)
1 892.16 bln SEK  (-5.38%)
Number of Employees (2017)
6 869  (-3.39%)

In 2017 total assets of Skandinaviska Enskilda Banken AB were 1 892,16 bln SEK. Skandinaviska Enskilda Banken AB had 6 869 employees in 2017.

Skandinaviska Enskilda Banken AB 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).

Skandinaviska Enskilda Banken AB participates in deposit guarantee scheme of Sweden. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Skandinaviska Enskilda Banken AB is a member of Skandinaviska Enskilda Banken (Sweden).

Contacts

KUNGSTRADGARDSGATAN 8, 106 40, Stockholm, Sweden
08-763 80 00

Skandinaviska Enskilda Banken AB is headquartered in Stockholm.

Bank Identifiers

MFI ID
SE5020329081
Company Number
502032-9081

Financial Positions

Total Assets (2017)
1 892.16 bln SEK  (-5.38%)
Total Equity (2017)
104.76 bln SEK  (+3.34%)

In 2017 total assets of Skandinaviska Enskilda Banken AB were 1 892.16 bln SEK. Decline compared to the previous period (2016) was -5.38%. The evolution of the total assets of Skandinaviska Enskilda Banken AB is shown at Chart 1 below.

Total Assets of Skandinaviska Enskilda Banken AB.

Chart 1. Total Assets of Skandinaviska Enskilda Banken AB.

Recent changes in total assets of Skandinaviska Enskilda Banken AB and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 1 172.1 1 196.8 +2.11%
Total Assets 1 999.8 1 892.2 -5.38%
Table 1. Recent changes in total assets of Skandinaviska Enskilda Banken AB (bln SEK).

Recent changes in total liabilities of Skandinaviska Enskilda Banken AB and its main components are shown in Table 2.

2016 2017 % change
Customer deposits 782.6 822.2 +5.06%
Total Liabilities 1 999.8 1 892.2 -5.38%
Table 2. Recent changes in total liabilities of Skandinaviska Enskilda Banken AB (bln SEK).

Number of Employees

Number of Employees (2017)
6 869  (-3.39%)

In 2017 there were 6 869 employees of Skandinaviska Enskilda Banken AB. Decline compared to the previous period (2016) was -3.39%. The evolution of the number of employees of Skandinaviska Enskilda Banken AB is shown at Chart 2 below.

Number of Employees of Skandinaviska Enskilda Banken AB.

Chart 2. Number of Employees of Skandinaviska Enskilda Banken AB.

Credit Ratings (as of May 2018)

Fitch Moody's
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. Skandinaviska Enskilda Banken AB is rated by Fitch and Moody's.

Credit ratings assigned to Skandinaviska Enskilda Banken AB as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Skandinaviska Enskilda Banken AB 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 Skandinaviska Enskilda Banken AB is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A+
    Outlook  positive
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a+
Support Rating  2
Support Rating Floor  BBB-

Viability rating for Skandinaviska Enskilda Banken AB is set to a+ (high fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is BBB- (good credit quality).

Moody's

Long-term rating for Skandinaviska Enskilda Banken AB 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 Rating  Aa2
Long-Term Bank Deposit Rating  Aa2
Baseline Credit Assessment  a3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Skandinaviska Enskilda Banken AB is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
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 Sweden are obliged to participate in Swedish deposit guarantee scheme.

In the case of Skandinaviska Enskilda Banken AB failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, companies and other legal entities
Covered Accounts  deposits in all types of accounts
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

MFI ID

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 Skandinaviska Enskilda Banken AB is shown in the table below.

MFI ID  SE5020329081

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  502032-9081

Domestic Presence

Branches (2017)
118  (-13.87%)

In 2017 Skandinaviska Enskilda Banken AB had 118 branches in Sweden. Decline compared to the previous period (2016) was -13.87%. The evolution of the number of branches of Skandinaviska Enskilda Banken AB is shown at Chart 3 below.

Branches of Skandinaviska Enskilda Banken AB.

Chart 3. Branches of Skandinaviska Enskilda Banken AB.