Skandinaviska - Internet Banking Appointment

RNS No 8114r
SKANDINAVISKA ENSKILDA BANKEN
21 July 1999


SEB Intensifies Internet Drive
Johan H Larson is recruited as head of Internet banking and becomes a member of
SEB's Group Management.

SEB is now accelerating its successful Internet development.  Johan H Larson 
will be responsible for the SEB Group's Internet project.  The Internet drive
aimed at private individuals and small corporate clients will be moved from
Retail Distribution to become a separate business development project.  This new
arrangement is being made in order to focus upon Internet and SEB's expansive 
plans for the future within this area of business.

Johan H Larson will assume main responsibility for the SEB Group's Internet
venture.  His new job will start in August.  Goals include developing and
improving functions for clients who are already users of SEB's wide range of
Internet banking products for current clients, as well as making it easier for
new clients to start using SEB's Internet Services.

"The recruitment of Johan Larson, secures and facilitates further development of
the expansion that SEB has already begun within the Internet area.  By giving
Internet its own area of operations we place additional focus upon our Internet
related products for clients," says Lars Thunell, President and CEO of SEB.

"SEB already has a well developed range of Internet products and many clients.
I see further development of Internet products for private clients and small
companies as one of the most important tasks.  Clients are becoming more
discerning," says Johan H Larson.

At present SEB's Internet bank has 270 000 clients and is one of Europe's 
leading Internet banks.  SEB is now starting to export its Internet bank.
Denmark will be first in line after SEB's purchase of Denmark's Codan Bank.
Several international Internet banking projects are being planned.

Background Information:

Johan H Larson: 47 years of age, worked for IBM from 1979 to 1988 - among other
things as head of the telcom business area.  He was with Stadshypotek from 1988
to 1997, as Marketing Director and Managing Director of Stadshypotek Bank.
Managing Director of Skandia Fonder from 1997 to 1999.  During the last half
year he has been an independent consultant.

Fact Sheet: SEB and Internet banking:

Internet banking for private individuals and small corporate clients.
World leader as regards proportion of clients using Internet banking - today
approximatelly 20 per cent of SEB's total client base.  35 per cent of all
private payments via SEB, 20 percent of all private securities trading as well
as 10 per cent of all mutual fund deals are carried out via SEB's Internet bank.

Othe services include: E-giro, which is electronic payment of bills and invoices
via the Internet.
Self Trade: French Internet broker with low brokerage fees - SEB owns 25 per
cent of Self Trade.

For further information, please contact:

Johan H Larson:Head of Internet business development project:Tel +46 705 123802
Boo Ehlin, Press Officer, SEB: Tel: +46 70 763 85 77

END




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