SEB signed a mortgage loan portfolio in Sweden with DnB NOR's. The agreement consists of 5.000 customers and a mortgage lending volume of approximately SEK 7bn.
Mats Torstendahl, Head of SEB Retail Banking, commented in the company press release: "DnB NOR has decided to discontinue its mortgage lending business in Sweden. SEB can solve these customers' needs of financing their housing. And beeing a universal bank SEB can also meet other banking needs for the customers, such as saving in a broad perspective and financial advicing," says The mortgage loan portfolia transferres to SEB as of today. The customers will gradually be transfered to SEB over a period of three months.
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