Swedish Banks Can Withstand Real Estate Rout, SEB Says

Source: SEB AB

Sweden’s largest bank says the nation’s lenders are strong enough to support the turbulent property markets, even as funding costs and their exposures are rising.

Asked in an interview about concerns abroad that there is blood running in the streets of Sweden relating to the commercial property sector, SEB AB Chief Financial Officer Masih Yazdi said that “there is, but not in the bank sector.”