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Swedish banks here to stay

Jun 04, 2009
By TBT Staff

RIGA - SEB bank has announced plans to consolidate its operations in the Baltics within a single division in order to better manage the current economic slowdown.  SEB’s lending to the Baltics amounts to 13 percent of SEB’s total outstanding loans. “The next few years will be challenging in all three countries and will continue to require considerable management attention. Therefore, for the time being, we are consolidating the responsibility for our Baltic operations within a sing ...

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