OREANDA-NEWS.  January 22, 2014. The anticipated recovery of growth in the euro area should have a favourable impact on Central and Eastern Europe.

Accordingly, SEB is offering you the opportunity to take out investment deposits tracking the share price movement of bigger and stronger companies in Poland, the Czech Republic and Hungary.

Ulle Mathiesen, Business Development Manager of Savings and Investment Area at SEB, noted that improvement in the state of the economies in Western Europe should have a good effect also on Central and Eastern European nations and that currently this region, forgotten by money, is turning into an attractive investment environment. “For instance, the key factor in the recovery of growth in Poland, the Czech Republic and Hungary is demand in developed European nations, primarily Germany. Also, growing domestic consumption, mainly supported by rapid growth in real wages, and additionally the business environment in those nations should improve.”
The best prospects in the region are held by Poland, whose growth in 2014 and 2015 is forecast by SEB to be 3.1 and 3.5 per cent, respectively.

The “Central and Eastern Europe” investment deposit is a deposit with an investment risk, interest on which is linked to price movement on the CECE Composite Index EUR including shares of companies in Poland, the Czech Republic and Hungary. The above index has been assembled from the most liquid shares traded on the exchanges in Budapest, Prague and Warsaw, with the Polish financial corporations PKO Bank Polski, PZU and Bank Pekao accounting for the highest share in the index.

The start date of the new investment deposit is 5 February 2014, and its deposit period is four years. The minimum deposit amount is EUR 100, and contracts may be concluded through 3 February 2014 via SEB Pank Internet Bank or at branches.

Preservation of the deposit amount is guaranteed 100%. When opening a deposit, it should be taken into consideration, however, that prices of shares are affected by several factors, including unforeseeable circumstances, which is why the prices need not rise as expected. No return from additional interest is guaranteed on the deposit.

Detailed information on the options and interest terms for the deposit are available at SEB’s website at www.seb.ee/eng/savings-and-investments/deposits/investment-deposit