SEB’s business in Ukraine has reported loan volumes of less than SEK2bn at mid-year 2011.
SEB said it will remain in Ukraine as a corporate bank, continuing to serve its Nordic, Baltic and German corporate and institutional customers.
The sale is expected to be finalised by mid-2012, upon regulatory approvals.
In Sweden and the Baltic countries SEB offers financial advice and a wide range of financial services whereas in Denmark, Finland, Norway and Germany the bank’s operations focus on corporate and investment banking based on a full-service offering to corporate and institutional clients.
As of 30 September 2011, the group’s total assets amounted to SEK2.36 trillion while its assets under management totalled SEK1.24 trillion.
