SEB rated Best Overall Bank for Cash Management 2009 in the Nordic
Region
SEB has been named Best Overall Bank for Cash Management 2009 in the
Nordic Region, as well as Best bank for Liquidity Management, and
Best bank for Risk Management 2009 in the Nordic Region in Global
Finance's survey on the World's Best Treasury and Cash management
Providers 2009 to be published in March.
"We are very proud to receive this award for the 3rd consecutive year
in a very competitive environment. This continuity is a testament to
SEB's competence and strength in the cash management area", says Erik
Zingmark, Global head of Cash Management.
"SEB has a clear and long term cash management strategy. The
introduction of SEPA totally changes the business conditions for the
European financial community, and in terms of cash management,
European banks must now transform from being local or regional
providers to become pan-European providers. SEB is very well
positioned for this transformation", he concludes.
The Global Finance Magazine survey ranks the performance of the cash
management community on a yearly basis. The selection criteria
included profitability, market share and reach, customer service,
competitive pricing, product innovation and the extent to which
treasury and cash management banks have successfully differentiated
themselves from their competitors around core treasury and cash
management service provision. With input from industry analysts,
corporate executives and technology experts, Global Finance editors
selected the best providers of treasury and cash management services
globally.
SEB is a North European financial group serving some 400,000
corporate customers and institutions and five million private
individuals. SEB offers universal banking services in Sweden, Germany
and the Baltic countries - Estonia, Latvia and Lithuania. It also has
local presence in the other Nordic countries, Poland, Ukraine and
Russia and a global presence through its international network in
another ten countries. On 30 September 2008, the Group's total assets
amounted to SEK 2,416bn (~EUR 237bn) while its assets under
management totalled SEK 1,244bn (~EUR 122bn).The Group has about
22,000 employees. Read more about SEB at www.sebgroup.com
______________________________________________________________
For further information, please contact:
Erik Zingmark, Global Head of Cash Management, tel. +46-8-7638435,
+46 70-3041515
Elisabeth Lennhede, Press Officer, tel. +46 70 763 99 16,
elisabeth.lennhede@seb.se
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
