SEB completes sale of German retail banking bus...

In accordance with the announcement regarding the restructuring of SEB's German
business on 12 July 2010, the sale of SEB AG's German retail banking business
has now been completed and the business is transferred to Santander Consumer
Bank AG, a German affiliate of Banco Santander.

All conditions for the sale have been fulfilled and the business including
employees, customer accounts and systems are transferred from SEB to Banco
Santander on 31 January 2011.



For further information, please contact        Press contact
Ulf Grunnesjö, Head of Investor Relations      Ola Kallemur, Group Press Officer
[phone]                              [phone], [phone]

Viveka Hirdman-Ryrberg, Head of Corporate
Communications
+46 (0)8 763 8577


SEB is a leading Nordic financial services group. As a relationship bank, SEB in
Sweden and the Baltic countries offers financial advice and a wide range of
financial services. In Denmark, Finland, Norway and Germany 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 20 countries worldwide.
On 30 September 2010, the Group's total assets amounted to SEK 2,254bn while its
assets under management totalled SEK 1,343bn. The Group has about 17,000
employees, excluding the German retail operations. Read more about SEB
atwww.sebgroup.com




Press release PDF: 


http://hugin.info/1208/R/1483712/418881.pdf




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Source: SEB via Thomson Reuters ONE

[HUG#1483712]