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.
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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.
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