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{{short description|German subsidiary of Skandinaviska Enskilda Banken}}
{{short description|German subsidiary of Skandinaviska Enskilda Banken}}
{{Infobox company
{{Infobox company
| name = DSK Hyp AG
| name = DSK Deutsch-Skandinavische Verwaltungs AG
| image = Frankfurt, Skylight, SEB.JPG
| image = Frankfurt, Skylight, SEB.JPG
| image_caption = Corporate headquarters
| image_caption = Corporate headquarters
Line 10: Line 10:
| homepage = {{URL|http://www.dskhyp.de/}}
| homepage = {{URL|http://www.dskhyp.de/}}
}}
}}
The '''DSK Hyp AG''' (formerly SEB AG) is the [[Germany|German]] [[subsidiary]] of one of the largest [[Sweden|Swedish]] [[bank]]s, the [[SEB Group|Skandinaviska Enskilda Banken]] (SEB).
'''DSK Deutsch-Skandinavische Verwaltungs AG''' (formerly '''SEB AG''' and '''DSK Hyp AG''') is the [[Germany|German]] [[subsidiary]] of one of the largest [[Sweden|Swedish]] [[bank]]s, the [[SEB Group|Skandinaviska Enskilda Banken]] (SEB).


==History==
==History==
In Germany, the bank began its business activities in 1976 with its own subsidiary (''Deutsch-Skandinavische Bank'', later ''Skandinaviska Enskilda Banken AG''). In the year 2000 the SEB group acquired the former ''Bank für Gemeinwirtschaft'' (BfG), which was renamed SEB AG in 2001.<ref>{{Cite web|url=https://www.handelsblatt.com/archiv/umbenennung-in-seb-ag-vollzogen-bfg-bank-wird-endgueltig-schwedisch/2054070.html?ticket=ST-43909585-rQSyFMOm3NTBxyTGSVYd-ap1|title=BfG Bank wird endgültig schwedisch|website=Handelsblatt|access-date=16 October 2019}}</ref> In the private customer business, the SEB had 174 branches and one million customers in Germany. At the end of January 2011, the SEB sold its private customer business in Germany to the [[Banco Santander|Spanish Santander Consumer Bank]].<ref>{{Cite web|url=https://sebgroup.com/press/press-releases/2011/seb-completes-sale-of-german-retail-banking-business-to-banco-santander|title=SEB completes sale of German retail banking business to Banco Santander|website=SEB Group|access-date=16 October 2019}}</ref> Since then, the bank has concentrated in Germany on its core activities, business with companies and institutional clients. As part of this strategy, the SEB AG sold its subsidiary SEB Asset Management AG at the end of August 2015, including its significant holding SEB Investment GmbH. At the beginning of 2018, the SEB transferred its main business activities – the collaboration with companies, institutional clients and international real estate investors - to a branch (SEB AG Frankfurt Branch) of the Skandinaviska Enskilda Banken AG (publ). The SEB's head office in Germany is in Frankfurt am Main,<ref>{{Cite web|url=https://dskhyp.de/|title=SEB AB Frankfurt Branch|website=DSK Hyp|access-date=16 October 2019}}</ref> and the bank also has a location in [[Munich]].
In Germany, the bank began its business activities in 1976 with its own subsidiary (''Deutsch-Skandinavische Bank'', later ''Skandinaviska Enskilda Banken AG''). In the year 2000 the SEB group acquired the former ''Bank für Gemeinwirtschaft'' (BfG), which was renamed SEB AG in 2001.<ref>{{Cite web|url=https://www.handelsblatt.com/archiv/umbenennung-in-seb-ag-vollzogen-bfg-bank-wird-endgueltig-schwedisch/2054070.html?ticket=ST-43909585-rQSyFMOm3NTBxyTGSVYd-ap1|title=BfG Bank wird endgültig schwedisch|website=Handelsblatt|access-date=16 October 2019}}</ref> In the private customer business, the SEB had 174 branches and one million customers in Germany. At the end of January 2011, the SEB sold its private customer business in Germany to the [[Banco Santander|Spanish Santander Consumer Bank]].<ref>{{Cite web|url=https://sebgroup.com/press/press-releases/2011/seb-completes-sale-of-german-retail-banking-business-to-banco-santander|title=SEB completes sale of German retail banking business to Banco Santander|website=SEB Group|access-date=16 October 2019}}</ref> Since then, the bank has concentrated in Germany on its core activities, business with companies and institutional clients. As part of this strategy, the SEB AG sold its subsidiary SEB Asset Management AG at the end of August 2015, including its significant holding SEB Investment GmbH. At the beginning of 2018, the SEB transferred its main business activities – the collaboration with companies, institutional clients and international real estate investors - to a branch (SEB AG Frankfurt Branch) of the Skandinaviska Enskilda Banken AG (publ). The SEB's head office in Germany is in Frankfurt am Main,<ref>{{Cite web|url=https://dskhyp.de/|title=SEB AB Frankfurt Branch|website=DSK Hyp|access-date=16 October 2019}}</ref> and the bank also has a location in [[Munich]].


On 4 December 2018, SEB AG changed its name to DSK Hyp AG.<ref name="change">{{Cite web|url=https://thebanks.eu/banks/11868/credit_ratings|title=DSK Hyp AG (formerly SEB AG)|website=The Banks|access-date=16 October 2019}}</ref><gallery> Frankfurt Am Main-Trianon-Ansicht vom Messeturm-20130525.jpg|Head office 2001, Trianon, Frankfurt
On 4 December 2018, SEB AG changed its name to DSK Hyp AG.<ref name="change">{{Cite web|url=https://thebanks.eu/banks/11868/credit_ratings|title=DSK Hyp AG (formerly SEB AG)|website=The Banks|access-date=16 October 2019}}</ref><gallery heights=200> Frankfurt Am Main-Trianon-Ansicht vom Messeturm-20130525.jpg|Head office 2001, Trianon, Frankfurt
SEB AG Zentrale Ulmestrasse Frankfurt.jpg|Head office 2001-2013, Ulmenstraße 30, Frankfurt</gallery>
SEB AG Zentrale Ulmestrasse Frankfurt.jpg|Head office 2001-2013, Ulmenstraße 30, Frankfurt</gallery>


==Business==
==Business==
In Germany, the company was active in the fields of corporate clients, institutional clients and structured [[real estate]] finance. In 2005,<ref>{{Cite web|url=https://sebgroup.com/siteassets/investor_relations1/annual_reports/annual_report_2005.pdf|title=Annual Report 2005|website=SEB Group|access-date=16 October 2019}}</ref> it became the first commercial bank to issue [[Covered bond|mortgage bonds]]. The former ''SEB Hypothekenbank'' was therefore incorporated as a mortgage and bonds bank in the SEB AG. The bonds business of SEB in Germany continues to be operated by the SEB AG.
In Germany, the company was active in the fields of corporate clients, institutional clients and structured [[real estate]] finance. In 2005,<ref>{{Cite web|url=https://sebgroup.com/siteassets/investor_relations1/annual_reports/annual_report_2005.pdf|title=Annual Report 2005|website=SEB Group|access-date=16 October 2019|archive-date=22 October 2020|archive-url=https://web.archive.org/web/20201022121620/https://sebgroup.com/siteassets/investor_relations1/annual_reports/annual_report_2005.pdf|url-status=dead}}</ref> it became the first commercial bank to issue [[Covered bond|mortgage bonds]]. The former ''SEB Hypothekenbank'' was therefore incorporated as a mortgage and bonds bank in the SEB AG. The bonds business of SEB in Germany continues to be operated by the SEB AG.


==Solvency==
==Solvency==
The SEB AG is rated A2 by the [[Credit rating agency]] [[Moody's Corporation|Moody's]]. Moody's rates SEB AG's public sector bonds and [[Mortgage-backed security|mortgage bonds]] Aaa. (As of: July 2015)<ref>{{Cite web|url=https://dskhyp.de/rating|title=Rating|website=DSK Hyp|access-date=16 October 2019}}</ref><ref name="change" />
SEB AG was rated A2 by the [[Credit rating agency]] [[Moody's Corporation|Moody's]]. Moody's rates SEB AG's public sector bonds and [[Mortgage-backed security|mortgage bonds]] Aaa. (As of: July 2015)<ref>{{Cite web|url=https://dskhyp.de/rating|title=Rating|website=DSK Hyp|access-date=16 October 2019}}</ref><ref name="change" />


==Subsidiaries==
==Subsidiaries==
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{{Portal|Banks}}
{{Portal|Banks}}


{{Coordinate|article=/|NS=50.116705|EW=8.682235|type=landmark|region=DE-HE}}
{{coord|50.116705|8.682235|region:DE-HE_type:landmark|display=title}}


{{Authority control}}
{{Authority control}}
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[[Category:Banks based in Frankfurt]]
[[Category:Banks based in Frankfurt]]
[[Category:Mortgage lenders]]
[[Category:Mortgage lenders]]
[[Category:1976 establishments in Germany]]
[[Category:1976 establishments in West Germany]]

Latest revision as of 07:40, 28 September 2024

DSK Deutsch-Skandinavische Verwaltungs AG
Company typeJoint-stock company
Industryfinancial service activities, except insurance and pension funding Edit this on Wikidata
PredecessorBank für Gemeinwirtschaft Edit this on Wikidata
Founded2001
HeadquartersFrankfurt, Germany
Number of employees
200
Websitewww.dskhyp.de

DSK Deutsch-Skandinavische Verwaltungs AG (formerly SEB AG and DSK Hyp AG) is the German subsidiary of one of the largest Swedish banks, the Skandinaviska Enskilda Banken (SEB).

History

[edit]

In Germany, the bank began its business activities in 1976 with its own subsidiary (Deutsch-Skandinavische Bank, later Skandinaviska Enskilda Banken AG). In the year 2000 the SEB group acquired the former Bank für Gemeinwirtschaft (BfG), which was renamed SEB AG in 2001.[1] In the private customer business, the SEB had 174 branches and one million customers in Germany. At the end of January 2011, the SEB sold its private customer business in Germany to the Spanish Santander Consumer Bank.[2] Since then, the bank has concentrated in Germany on its core activities, business with companies and institutional clients. As part of this strategy, the SEB AG sold its subsidiary SEB Asset Management AG at the end of August 2015, including its significant holding SEB Investment GmbH. At the beginning of 2018, the SEB transferred its main business activities – the collaboration with companies, institutional clients and international real estate investors - to a branch (SEB AG Frankfurt Branch) of the Skandinaviska Enskilda Banken AG (publ). The SEB's head office in Germany is in Frankfurt am Main,[3] and the bank also has a location in Munich.

On 4 December 2018, SEB AG changed its name to DSK Hyp AG.[4]

  • Head office 2001, Trianon, Frankfurt
    Head office 2001, Trianon, Frankfurt
  • Head office 2001-2013, Ulmenstraße 30, Frankfurt
    Head office 2001-2013, Ulmenstraße 30, Frankfurt

Business

[edit]

In Germany, the company was active in the fields of corporate clients, institutional clients and structured real estate finance. In 2005,[5] it became the first commercial bank to issue mortgage bonds. The former SEB Hypothekenbank was therefore incorporated as a mortgage and bonds bank in the SEB AG. The bonds business of SEB in Germany continues to be operated by the SEB AG.

Solvency

[edit]

SEB AG was rated A2 by the Credit rating agency Moody's. Moody's rates SEB AG's public sector bonds and mortgage bonds Aaa. (As of: July 2015)[6][4]

Subsidiaries

[edit]
  • SEB Leasing GmbH (leasing services)[7]
  • Frankfurter Vermögens Holding GmbH (FVH)[8]

References

[edit]
  1. ^ "BfG Bank wird endgültig schwedisch". Handelsblatt. Retrieved 16 October 2019.
  2. ^ "SEB completes sale of German retail banking business to Banco Santander". SEB Group. Retrieved 16 October 2019.
  3. ^ "SEB AB Frankfurt Branch". DSK Hyp. Retrieved 16 October 2019.
  4. ^ a b "DSK Hyp AG (formerly SEB AG)". The Banks. Retrieved 16 October 2019.
  5. ^ "Annual Report 2005" (PDF). SEB Group. Archived from the original (PDF) on 22 October 2020. Retrieved 16 October 2019.
  6. ^ "Rating". DSK Hyp. Retrieved 16 October 2019.
  7. ^ "SEB Leasing GmbH". firma-online. Retrieved 16 October 2019.
  8. ^ "FVH Frankfurter Vermoegens-Holding GmbH". Bloomberg. Retrieved 16 October 2019.
[edit]

50°07′00″N 8°40′56″E / 50.116705°N 8.682235°E / 50.116705; 8.682235

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