SEB Outperforms Competitors to Become No. 1 FX Bank in the Nordics

SEB Outperforms Competitors to Become No. 1 FX Bank in the Nordics

(IN BRIEF) SEB, a leading Nordic bank, has been rated as the best foreign exchange (FX) bank in the region according to Prospera’s survey, Foreign Exchange Nordics 2023. SEB’s top ranking reflects its dedication, proactivity, and strong customer focus. Despite a challenging macro environment, the bank has consistently delivered high customer satisfaction and achieved positive results over the years. The survey, based on interviews with 234 large corporates and financial institutions in the Nordics, evaluates bank relationships across 18 categories to determine the overall performance. SEB’s score improved from 4.16 to 4.23, propelling it from second place to first place in this year’s ranking. The bank excelled in various sub-categories, including business ideas, research, risk advisory, and pricing in different FX areas. SEB aims to maintain its position as the best FX bank in the Nordics by continuing to prioritize client needs and pursuing a clear business strategy. The bank expresses gratitude to its clients for their trust and looks forward to further development of the FX market together.

(PRESS RELEASE) STOCKHOLM, 5-Jul-2023 — /EuropaWire/ — SEB improves its rating and beats the competition to earn the top-spot as the best FX bank in the Nordics in Prospera’s survey, Foreign Exchange Nordics 2023.

“We are incredibly proud of this result; it requires constant dedication & proactivity from our teams working closely together across the globe, with our clients always at the core of our focus. This survey confirms our position as the no1 FX bank in the Nordics and comes after a set of strong results in customer satisfaction measurements for 2023, and a positive trend over the last few years. What’s more impressive is that this has been achieved during a challenging macro environment this year”, says Anna Andrén, global head of FX in the Large Corporates & Financial Institutions division.

She adds that FX services are global in nature and the service model extends to 24 hours every day, meaning different SEB sites work in close collaboration. It is also a technology intense product, making the bank’s tech teams an important part of the value chain as well as Business Services and Treasury.

Prospera is basing its survey on interviews with 234 large corporates, and financial institutions in the Nordics. The respondents have rated their bank relationships based on 18 different categories which have then been weighed together to form an overall result “Overall Performance”.

SEB improves its score from 4,16 to 4.23 and climbs from second to first place in this year’s ranking.

Looking at the various sub-categories, SEB is ranked number one in six of the areas, including business ideas in kronor, research, macro and strategy, risk advisory, pricing in Spot and Swaps Kronor and FX Options pricing.

“We have ambitious goals and a clear strategy to ensure we are at the forefront and future proofing our business for and together with our clients. Our ambition is to continue to be the best FX bank in the Nordics for the years to come, says Anna Andrén”.

“Lastly, a great thank you to all our clients for your trust in SEB, we look forward to continuing to develop the FX market together”.

Media Contact:

Niklas Magnusson
Head of Media Relations & External Communication
Mobile: +46707638243

E-mail: niklas.x.magnusson@seb.se

SOURCE: Skandinaviska Enskilda Banken AB