With 42% growth in assets, a 32% increase in Tier 1 capital and a significant boost in RoE to 25.6%, SEB provided strong performance figures along with key market developments.
In the past year, the bank has expanded its branch network in Estonia to 68 offices, more than 500 post banks and more than 360 ATMs. The bank also launched a start-up package for SMEs, which proved extremely popular and expanded the market share in this sector from 18% to 38%. SEB became the clear market leader in investment deposits, trade finance and bond issuance, where it has already achieved a 50% market share.
SEB Ühispanga Fondid became the largest asset company in the Baltics in 2005 and this year the bank began organising IPOs, with the successful launch of SEB Enskilda and in April Estonia’s third largest IPO of all time. Although the bank is mostly focused in Estonia, it is also expanding its international activities: SEB Russian Leasing is a 100%-owned subsidiary, which is growing fast in St Petersburg, Russia.
“It is a great pleasure to win the Bank of the Year in Estonia award from The Banker. It is a great acknowledgment of our work in the past few years,” says CEO Ahti Asmann. “For three years in a row, SEB Eesti Ühispank has been elected the top bank in Estonia when it comes to customer satisfaction for all customer segments: private individuals, SMEs and large corporations. Having satisfied customers is our greatest asset and we are determined to keep improving ourselves.”
