Swedish bank, SEB, will acquire Norwegian lender DnB NOR’s retail customer mortgage loan portfolio in Sweden. The deal covers a mortgage lending volume of about $1.1 billion.
The agreement covers around 5,000 customers, who will be gradually be transferred to SEB over a period of three months. The move follows DnB NOR’s decision to discontinue its mortgage lending business in Sweden.
Click here for the release from SEB.