SEB seeks European scale

Lars Thunell, president of SEB, in which Investor has a large stake, explains its strategy

       
Lars Thunell

What prompted your merger with ForeningsSparbanken?

Our merger with ForeningsSparbanken will allow us to become stronger in our home market and give us the base for international expansion. Prior to the merger we stood no higher than forty fifth in terms of market capitalization among all European banks and that was much too low. With the merger, we rise to number twenty five, a much better position. With the merger, we will have also created a Nordic player that will participate in the restructuring of the European banking scene.

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