SEB Expands and Improves the Internet Bank.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--June 20, 2001 Customers in SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare staphylococcal enterotoxin B Trygg Liv who subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; SEB's Internet branch office can now also gain an overview of their traditional insurance over the net. This includes private pension insurance, endowment insurance Noun 1. endowment insurance - life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured , individual occupational insurance and early retirement insurance. Information regarding the insurance value, comparable to the value statement received once a year by post, can be retrieved at any time on the Internet. Among other services, customers can see how the value has developed and a listing of deposits and withdrawals. "We have 800,000 customers with traditional insurance that previously did not have the possibility to use the Internet branch for this specific service. We are now improving service and providing customers an overview of all their undertakings with us," says Jan Ramirez, acting manager of the Internet unit at SEB Trygg Liv. At the same time, the Internet service for unit-linked insurance and Individual Pension Savings (IPS) is being expanded to contain more detailed information about how the insurance works. This increase in service is a step toward providing SEB customers a total view of their financial situation, which comprises both bank and insurance savings. SEB is a European financial group especially for corporations and financially active private individuals. SEB has 630 branch offices in Sweden, Germany and the Baltic States Baltic states, the countries of Estonia, Latvia, and Lithuania, bordering on the eastern coast of the Baltic Sea. Formed in 1918, they remained independent republics until their involuntary incorporation in 1940 into the USSR. They regained their independence in Sept. , with 4 million customers in total. Of these, 900,000 are Internet customers. SEB also has operations in the rest of the Nordic countries, Great Britain, Luxembourg and Switzerland. The balance sheet total is SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1,123 billion and assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. amount to SEK 910 billion. The number of employees amount to 21,500. Read more about SEB: www.seb.net |
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