Information on SEB's exposure to Icelandic bank...
SEB's total credit exposure to banks in Iceland amounts to 19 MSEK,
whereof 14 MSEK to Landsbanka Islands HF.
In addition SEB has exposure of 295 MSEK to Icelandic owned banks
outside Iceland, whereof the largest part, 276 MSEK, to the Norwegian
bank BNbank, now Glitnir ASA, and 11 MSEK to the Danish bank FIH,
subsidiary of Kaupthing HF.
No parts of these exposures are in Icelandic currency. They are
disclosed at current foreign exchange and market levels.
SEB is a North European financial group serving some 400,000
corporate customers and institutions and five million private
individuals. SEB offers universal banking services in Sweden, Germany
and the Baltic countries - Estonia, Latvia and Lithuania. It also has
local presence in the other Nordic countries, Poland, Ukraine and
Russia and a global presence through its international network in
another ten countries. On 30 June 2008, the Group's total assets
amounted to SEK 2,304bn (EUR 244 bn) while its assets under
management totalled SEK 1,295bn (EUR 137 bn). The Group has about
22,000 employees. Read more about SEB at www.sebgroup.com.
_____________________________________________
For further information, please contact:
Ulf Grunnesjö, Head of Investor Relations, +46 8 763 8501, + 46 70
763 8501
Odd Eiken, Head of Group Communications, +46 8 763 87 30, +46 70 763
8730
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