Nordic company financial institution SEB – which is headquartered in Swedish money Stockholm – has been present in Latin The usa for 50 several years.
Officers serve Latin The usa and the Caribbean from a representative workplace in São Paulo, offering financing, advisory and other services for companies performing small business in the location.
To discover out additional about SEB’s regional operations and in which it sees development seams, BNamericas interviewed with two of the bank’s Brazil-centered senior workers: chief representative Christian Rezende (pictured remaining) and deputy consultant and affiliate region supervisor for Latin The us Vilhelm Dhejne (on the proper).
BNamericas: What types of products and services or goods do you are likely to deliver in Latin The us?
Rezende & Dhejne: SEB is current in Latin The united states due to the fact 1972 with a consultant workplace in São Paulo, Brazil. Since 2019, SEB São Paulo is also accountable for the Latin The usa and Caribbean locations covering all nations around the world from Mexico to Uruguay.
Over the yrs, SEB has targeted on supporting Scandinavian, Baltic, German and British isles corporates in performing enterprise in Brazil by means of providing financing, trade finance alternatives and advisory services. SEB São Paulo was the initial international business outside the house the Nordic area. SEB is effective with a large network of correspondent banks in the location to aid payments and trade finance transactions in relation to our core consumers and their subsidiaries in the region. SEB’s presenting consists of letters of credit score, ensures, export funding transactions, challenge financing and in some international locations bilateral operating capital facilities.
BNamericas: What nations are you mainly targeted on?
Rezende & Dhejne: SEB has been pursuing our purchasers in their global expansion, generally striving to guide their needs the place it is pertinent for them. SEB functions with a huge selection of correspondent banks across the entire region, constituting a mix of international, regional and regional banks. This infrastructure is paramount to help the wants of our global clients, not only in the big economies but also in more compact international locations. It is vital to emphasize that our customers are much more present and have more enterprise activity in the greatest economies of Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador and Uruguay, which demand from customers an improved target. Nevertheless, SEB upholds relations with correspondent banking institutions in additional than 20 countries in the region to be in a position to assist our shoppers.
BNamericas: What sectors are driving demand at the moment and where by do you see advancement coming from above the up coming handful of decades, for instance, electricity, infrastructure?
Rezende & Dhejne: SEB’s ambition is to be a related and dependable lover for our global purchasers, who need our insights and support to facilitate their company. Those customers are spread amid a large variety of sectors, but are notably uncovered inside the pulp and paper, energy, ports, telecom, automotive, and industrial segments. Telecom, for case in point, is driving a whole lot of awareness as lots of Latin American international locations are transferring ahead with the 5G rollout this calendar year and future. Pulp and paper has also been in the spotlight as the sector has been struggling with a substantial expansion all through the previous a few a long time, with numerous new crops beneath construction in countries like Brazil, Chile, Uruguay, and Paraguay. Even so, just one of the most relevant sectors now and for the approaching decades is the strength sector, thanks to the increasing demand to speed up investments in renewable strength sources (primarily solar and wind) and new jobs relevant to the strength changeover, provided the ESG objectives of various gamers in this sector.
BNamericas: What’s your standard outlook on Latin America? There is of program political hazard but also chances, particularly individuals joined to the strength transition: renewables, transmission strains, hydrogen and derivatives.
Rezende & Dhejne: SEB has been current in Latin America for the earlier 50 years and will proceed to be here for our global shoppers. During this period of time, SEB has navigated by way of many financial crises, times of political instability and adverse current market conditions. Having said that, SEB has normally taken care of its extended-expression watch and dedication to support our international prospects in the area.
The problems Latin The us is experiencing this year relate to enhanced inflation, disruptions in the world offer chain and the penalties of the Russia-Ukraine conflict on commodity pricing. All people elements have been compelling central financial institutions to raise curiosity prices to gradual down inflation, which translates into far more high-priced money ailments for providers and people today with the opportunity to minimize GDP development next yr and improve social inequalities. On the other hand, many companies began to unlock their expenditure strategies that were frozen during the past two years due to the COVID-19 pandemic. The beneficial impact is the enhancement of labor marketplaces throughout many nations around the world.
Latin The usa has lots of normal sources essential in the modern planet and very good problems for a thoroughly clean strength changeover. Latin The united states has fantastic pure potential for photo voltaic and wind jobs, and it has been the most significant driver for the progress of new electricity providing. So, we foresee many possibilities throughout the area for the providers associated in the renewable strength sector.
SEB will not adjust its approach and will continue on subsequent our clientele and their need for letters of credit score, guarantees, export finance, venture finance and functioning funds amenities. SEB has been performing intently with customers on their power transition strategies and will proceed to assistance them accomplishing ESG aims.