Sweden’s second-largest bank by assets, SEB,
has completed the sale of its retail banking business in Ukraine to
Eurobank, on 7 June, 2012.
Plans to sell SEB’s retail banking operations in Ukraine to
Greece-based Eurobank – due to business being “limited” – were
announced on 18 November, 2011.
Go deeper with GlobalData
Eurobank is the third largest bank in Greece
with more than 300 branches across the country.
SEB will continue to operate in Ukraine as a
corporate bank, offering services to its Nordic, Baltic and
German corporate and institutional customers.
SEB Group’s total assets amounted to SEK
2,331bn ($327.5bn) on 31 March, 2012 and the group has
approximately 17,000 employees.
