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Swedish bank SEB ready for 'Grexit'
Swedish bank SEB's Chief Executive Annika Falkengren said Wednesday the bank is as prepared as it could be for a possible Greek exit from the euro zone.
"We are as prepared as we possibly could be for such an event," Falkengren said, according to Dow Jones Newswire, adding that the bank has reviewed all its exposure towards Greece as well as its customers' exposure towards the troubled euro-zone country.
She added that the bank SEB has made sure it has enough liquidity and capital buffers to cope with a Greek exit of the euro zone.
Prime Minister Fredrik Reinfeldt said the same day that a Greek withdrawal from the euro area does not necessarily mean a further downturn in the global or Swedish economy.
Last Updated (Thursday, 24 May 2012 05:11)