Skandia Starts Internet Bank in Switzerland


STOCKHOLM, Sweden, Aug. 9, 2002 (PRIMEZONE) -- Skandia Bank Switzerland today opened for business. The bank is a wholly owned subsidiary of Skandia and is independent from SkandiaBanken, which is established in Sweden, Norway and Denmark.

Skandia Bank Switzerland caters primarily to expatriates, offering a range of services including deposit accounts, credit cards, mutual funds, equity trading, and accounts in various currencies.

Visit Skandia Bank's website at www.skandiabank.ch


For further information, please contact: Mats Goransson, President, 
Skandia Bank Switzerland, tel, + 41-1-389 26 00 Carl-Henrik Knutsson, 
Communication Manager, Skandia, + 46-8-788 25 00

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www.waymaker.net/bitonline/2002/08/09/20020809BIT00520/wkr0001.doc
www.waymaker.net/bitonline/2002/08/09/20020809BIT00520/wkr0002.pdf