April 18, 2014 8:45 PM ET

Banks

Company Overview of AS SEB Pank

Company Overview

AS SEB Pank provides various banking products and services in Estonia. It provides savings, term, and investment deposits; investment funds, and securities and investment accounts; and shares and exchange-traded funds. The company also offers home, consumer, car, overdrafts, student, hire purchase, limit, working capital, investment, energy efficiency, and start-up loans; and car, motorcycle, commercial vehicle, water craft, and equipment leasing services. In addition, it is involved in the collection of payments comprising accepting card payments, payments on the Web, direct debit, and collection of payments with e-invoice; and provides trade and supply chain financing, including bank guara...

Tornimäe Street 2

Tallinn,  15010

Estonia

1,080 Employees

Phone:

372 6 655 100

Fax:

372 6 655 102

Key Executives for AS SEB Pank

Chairman of the Management Board
Head of Credits and Member of the Management Board
Head of Communication
Deputy Head of Corporates & Institutions and Member of The Management Board
Member of the Management Board
Compensation as of Fiscal Year 2013.

AS SEB Pank Key Developments

SEB Eesti Reports Earning Results for the Full Year 2013

SEB Eesti reported earning results for the full year 2013. Profit of the company in 2013 increased from EUR 73.1 million on year to EUR 73.9 million. Operating revenue of the company declined from EUR 133.5 million to EUR 132.1 million.

SEB Closes Lounakeskuse Branch in Tartu

SEB announced it is closing the Lounakeskuse Branch in Tartu. The reason for closing down the Lounakeskuse branch is the increased use of electronic banking channels and decreased number of customers, visiting the branch office. The SEB cash deposit and withdrawal ATMs in Lounakeskus will remain in operation and upon request also the services of the Post Bank of Lounakeskus can be used.

AS SEB Pank Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012

AS SEB Pank announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, net interest income was EUR 20.2 million against EUR 23.0 million for the same period a year ago. Profit before impairment losses on loans and advances was EUR 18.2 million against EUR 19.2 million for the same period a year ago. Profit before income tax was EUR 16.0 million against EUR 26.1 million for the same period a year ago. Profit attributable to the sole equity holder was EUR 16.0 million against EUR 26.1 million for the same period a year ago. Interest and similar income was EUR 26.5 million against EUR 33.7 million for the same period in the last year. For the nine months, net interest income was EUR 63.6 million against EUR 65.5 million for the same period a year ago. Profit before impairment losses on loans and advances was EUR 54.7 million against EUR 53.8 million for the same period a year ago. Profit before income tax was EUR 56.2 million against EUR 76.2 million for the same period a year ago. Profit attributable to the sole equity holder was EUR 56.2 million against EUR 76.2 million for the same period a year ago. Cash flow from operating activities was EUR 348.6 million against cash flow used in operating activities of EUR 204.9 million for the same period a year ago. Purchase of investment properties, tangible and intangible assets was EUR 3.8 million against EUR 2.0 million for the same period a year ago. Return on equity was 11.37% against 17.83% for the same period in the last year. Return on assets was 1.82% against 2.37% for the same period in the last year. Interest and similar income was EUR 87.1 million against EUR 95.5 million for the same period in the last year.

Similar Private Companies By Industry

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