Swedish bank SEB said on Monday that it has agreed to buy Norwegian lender DnB NOR's retail customer mortgage loan portfolio in Sweden. The agreement covers around 5,000 customers and a mortgage lending volume of approximately SEK 7 bn (EUR 780 mln).
Swedish bank SEB said on Monday that it has agreed to buy Norwegian lender DnB NOR's retail customer mortgage loan portfolio in Sweden. The agreement covers around 5,000 customers and a mortgage lending volume of approximately SEK 7 bn (EUR 780 mln).
'DnB NOR has decided to discontinue its mortgage lending business in Sweden. SEB can solve these customers' needs of financing their housing. And being a universal bank SEB can also meet other banking needs for the customers, such as saving in a broad perspective and financial advicing,' said Mats Torstendahl, head of SEB Retail Banking.
The customers will gradually be transfered to SEB over a period of three months.
