61KN Westpac 24 S

RNS Number:7245C
Skandinaviska Enskilda Banken
17 December 1999

SEB's purchase of BfG approved by Swedish Financial Supervisory Authority

The Swedish Financial Supervisory Authority has granted permission to SEB to
purchase all shares of BfG Bank AG for 13.9 billion kronor.  Furthermore, the
Swedish Financial Supervisory Authority has approved the acquisition, by SEB, of
subordinated debt, in the amount of approximately 3.3 billion kronor, issued by
BfG to Credit Lyonnais, the seller of BfG.

BfG Bank AG is Germany's fifth largest privately owned bank, with 177 offices
throughout Germany and approximately 1 million private customers - the
equivalent of a 1 per cent market share.

For further information, please contact:

Boo Ehlin, Press Officer at SEB, telephone: +46 8-763 85 77, +46 70-763 85 77
Lotta Treschow, Head of Investor Relations at SEB, Telephone +46 8-763 95 59

END

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