Eastern European Markets

November the 19th, 2011

SEB divests its Ukrainian retail business to Eurobank Group

SEB has signed an agreement to sell its retail banking operations in Ukraine to Eurobank Group. SEB's business in Ukraine is limited: at mid-year 2011, loan volumes amounted to less than SEK 2bn.

SEB will remain in Ukraine as a corporate bank, continuing to serve its Nordic, Baltic and German corporate and institutional customers.

The completion of the sale is conditional upon regulatory approvals and is expected to be finalised by mid-2012.

For further information, please contact
Viveka Hirdman-Ryrberg, Head of Corporate Communication,
+46-8-763 85 77, +46-70-550 35 00
Ulf Grunnesjö, Head of Investor Relations, +46 8-763 85 01,
+46 70-763 85 01

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