The Russian division of SEB Financial institution is being closed as rapidly as doable, and SEB has by no means had and doesn’t have Russian corporations in its Russian division, stated Masih Yazdi, head of the monetary division of SEB Financial institution.
“These are Scandinavian and German corporations with which we’ve got robust relationships within the Scandinavian nations and in Germany. They want a financial institution to position deposits and haven’t any entry to different providers apart from depositing with SEB in Russia. (…) However these deposits have an expiration date, they can not merely be closed. There’s nonetheless one left. However we’re speaking regarding low single digits in US {dollars}. However we’ve got deposits, as a result of it’s unattainable to switch cash from Russia,” Yazdi advised the enterprise information portal Verslo zinios.
Based on him, to shut a financial institution in Russia, the signature of the President of Russia is required.
“We’ve no ambitions in Russia. We’re merely closing the enterprise as rapidly and in a balanced method as doable, defending our staff, which is our foremost precedence, defending our clients and our model. That is what it appears to be like like,” he emphasised.
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2024-06-03 23:58:44
