November 29, 2022


Enduring Values

Exactly where Nordic bank SEB sees enterprise alternatives in Latin The united states

Nordic corporate financial institution SEB – which is headquartered in Swedish funds Stockholm – has been present in Latin The united states for 50 several years.

Officers serve Latin The usa and the Caribbean from a consultant place of work in São Paulo, delivering financing, advisory and other expert services for organizations performing enterprise in the location.

To find out additional about SEB’s regional operations and where by it sees development seams, BNamericas interviewed with two of the bank’s Brazil-primarily based senior workers: main representative Christian Rezende (pictured left) and deputy consultant and associate region supervisor for Latin America Vilhelm Dhejne (on the appropriate).

BNamericas: What kinds of expert services or products and solutions do you have a tendency to deliver in Latin The us?

Rezende & Dhejne: SEB is existing in Latin The us considering that 1972 with a representative business in São Paulo, Brazil. Given that 2019, SEB São Paulo is also accountable for the Latin America and Caribbean locations covering all nations around the world from Mexico to Uruguay.

Above the decades, SEB has focused on supporting Scandinavian, Baltic, German and Uk corporates in undertaking enterprise in Brazil via delivering funding, trade finance solutions and advisory providers. SEB São Paulo was the initially intercontinental workplace exterior the Nordic area. SEB functions with a large network of correspondent banking companies in the area to facilitate payments and trade finance transactions in relation to our main clientele and their subsidiaries in the area. SEB’s giving incorporates letters of credit history, assures, export financing transactions, project funding and in some international locations bilateral working money amenities.

BNamericas: What international locations are you mainly focused on?

Rezende & Dhejne: SEB has been subsequent our purchasers in their intercontinental growth, often striving to assist their requirements the place it is appropriate for them. SEB is effective with a vast variety of correspondent banking companies throughout the full area, constituting a mix of worldwide, area and regional banking companies. This infrastructure is paramount to support the requirements of our worldwide shoppers, not only in the significant economies but also in more compact nations around the world. It is essential to highlight that our clients are far more present and have extra organization exercise in the biggest economies of Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador and Uruguay, which demand an enhanced target. Even so, SEB upholds relations with correspondent banking companies in much more than 20 countries in the region to be equipped to support our buyers. 

BNamericas: What sectors are driving need at present and wherever do you see advancement coming from about the up coming few decades, for illustration, strength, infrastructure?

Rezende & Dhejne: SEB’s ambition is to be a related and reliable spouse for our global clientele, who need our insights and support to aid their business enterprise. All those clientele are spread among the a huge assortment of sectors, but are significantly found inside the pulp and paper, electrical power, ports, telecom, automotive, and industrial segments. Telecom, for illustration, is driving a great deal of attention as numerous Latin American international locations are going in advance with the 5G rollout this calendar year and up coming. Pulp and paper has also been in the highlight as the sector has been struggling with a sizeable expansion in the course of the past 3 several years, with many new plants less than building in countries like Brazil, Chile, Uruguay, and Paraguay. However, a person of the most applicable sectors now and for the impending years is the electricity sector, owing to the escalating demand from customers to speed up investments in renewable strength resources (typically photo voltaic and wind) and new projects associated to the electricity transition, specified the ESG targets of quite a few gamers in this sector.  

BNamericas: What is your standard outlook on Latin America? There is of program political threat but also opportunities, significantly these linked to the energy changeover: renewables, transmission traces, hydrogen and derivatives.

Rezende & Dhejne: SEB has been current in Latin America for the previous 50 years and will carry on to be listed here for our international shoppers. All through this interval, SEB has navigated by way of various economic crises, moments of political instability and adverse market place ailments. Nonetheless, SEB has normally taken care of its extensive-time period perspective and dedication to assist our world wide consumers in the region. 

The problems Latin The usa is going through this 12 months relate to enhanced inflation, disruptions in the worldwide offer chain and the consequences of the Russia-Ukraine conflict on commodity pricing. All these components have been compelling central financial institutions to improve fascination rates to slow down inflation, which translates into more high-priced financial circumstances for providers and people today with the potential to decrease GDP development following year and maximize social inequalities. On the other hand, numerous businesses started to unlock their financial investment options that were being frozen throughout the past two decades thanks to the COVID-19 pandemic. The optimistic outcome is the advancement of labor marketplaces throughout several nations around the world.   

Latin The usa has lots of all-natural methods wanted in the modern-day entire world and very good circumstances for a clean strength changeover. Latin The us has fantastic normal prospective for solar and wind assignments, and it has been the most crucial driver for the growth of new power giving. As a result, we foresee lots of options through the location for the organizations concerned in the renewable energy sector.

SEB will not modify its tactic and will continue next our clientele and their need for letters of credit score, guarantees, export finance, undertaking finance and operating money amenities. SEB has been functioning closely with customers on their electrical power transition programs and will keep on to assist them achieving ESG targets.