OREANDA-NEWS. May 20, 2014. The economic outlook of Spain, Portugal and Italy, central players in the Euro zone debt crisis, has been improving, which is why SEB is offering a new type of investment deposit covering the stock markets of the three states.

Ulle Mathiesen, Business Development Manager of Savings and Investment Area at SEB, noted that the rising stock markets and falling interest rates of Spain, Portugal and Italy, a big cause for concern before, demonstrate that the market is gaining trust again in the region and investors want to be a part of it. “The gradual improvement of the economies of the three states is based on economic growth both on the global level as well as in the more stronger European states. Furthermore, lower interest rates mitigate the states’ high debt servicing costs, adding further momentum for economic growth. While the stock markets are not going to be heading straight up, in the long run the region is becoming attractive again when compared to the markets of other developed industrial states,” noted Mathiesen.

This year, economic growth of 0.9 per cent is expected in Spain, estimated to reach 1.0 per cent in 2015. The situation in the labour market is gradually improving after the reforms in 2012 and rapidly growing exports have significantly improved the balance of current account. As a result of structural reforms, the Italian economy should take an upwards course this year by 0.6 per cent, reaching an estimated 2.0 per cent by 2018. In Portugal, the economy is driven by domestic consumption and strong growth in exports. Expectations for economic growth are 1.2 per cent in 2014 and 1.5 per cent in 2015.

The start date of the new investment deposit is 4 June 2014, and its deposit period is four years. The minimum deposit amount is EUR 100, and contracts may be concluded from 02.06.2014 via SEB Pank Internet Bank or at branches.

Preservation of the deposit amount is guaranteed 100 percent. 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 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 on SEB’s website at www.seb.ee/investeerimishoius.