SEB acquires DnB NOR's mortgage loan portfolio

SEB has signed an agreement to acquire DnB NOR's retail customer mortgage loan
portfolio in Sweden. The agreement covers around 5.000 customers and a mortgage
lending volume of approximately SEK 7bn.

"DnB NOR has decided to discontinue its mortgage lending business in Sweden. SEB
can solve these customers' needs  of financing their housing. And beeing a
universal bank SEB can also meet other banking needs for the customers, such as
saving in a broad perspective and financial advicing," says Mats Torstendahl,
Head of SEB Retail Banking.

The mortgage loan portfolia transferres to SEB as of today. The customers will
gradually be transfered to SEB over a period of three months.


For further information, please contact

Ola Kallemur, Group Press Officer
[phone], [phone]
[e-mail]

Eva Odefalk, Press and PR
[phone], [phone]
[e-mail]


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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 31 December 2010, the Group's total assets amounted to SEK 2,180bn while its
assets under management totalled SEK 1,399bn. The Group has about 17,000
employees. Read more about SEB at www.sebgroup.com.





Press release PDF: 


http://hugin.info/1208/R/1500737/436133.pdf




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