SEB returned to profit in the third quarter on Wednesday and announced its withdrawal from the Swedish government credit guarantee programme amid signs of stabilisation in the crisis-hit Baltic region. Sweden recently extended its bank support scheme for a further six months as Nordic lenders battle mounting losses in the Baltic economies of Latvia, Lithuania and Estonia. SEB joined the programme in April but avoided using the safety net.

This entry was posted by Gwen Robinson on Thursday, October 22nd, 2009 at 4:44 and is filed under Capital markets. Tagged with SEB. Edit this entry.