Estonia, SEB Pank AS
We had to close our business.
We were not able to collect money from our clients and make payments to our cooperation partners.
It was Estonian company with Estonian management board and Estonian UBO.
On 12 February I received a registered letter from SEB that our account will be closed on 14 Feb 2020.
According to the letter it was sent on 14 January but I never received it and I was informed about account closure only 2 days in advance.
They did not explain anything
No, they did not prolong the account closure.
They said that as we are doing business with non Baltic companies (we were trading meat products from EU to Estonia and Latvia) then SEB is focusing only on clients who operate in Baltics.
No. I asked from Swedbank, COOP and LHV but they did not want to open an account. They said that if SEB closed the account then we are a high risk client and they cannot open an account for us.
Professional / trade associations
YPIOS TRADING COMPANY OÜ