Skandinaviska Enskilda Banken AB (Swedish pronunciation: [skandɪˈnɑ̌ːvɪska ˈêːnˌɧɪlːda ˈbǎŋːkɛn], lit. 'Scandinavian Individual Bank'), abbreviated SEB, is a Swedish financial group for corporate customers, institutions and private individuals with headquarters in Stockholm. Its activities comprise mainly banking services, but SEB also carries out significant life insurance operations and also owns Eurocard.In 1972, Stockholms Enskilda Bank (established in 1856 by André Oscar Wallenberg) and Skandinaviska Banken (established in 1864) merged to form SEB.