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"As business sentiment continued to grow more positive, customer
activity increased in all segments and markets where we operate. With
SEB's diversified business mix, we can support our customers and deliver
sustainable profitable growth also in the prevailing complex
environment. In the second quarter, operating income and operating
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result increased both compared to last year and the first quarter this
year", says Johan Torgeby, SEB's President and CEO, commenting on the
The operating profit for the second quarter 2017 was SEK 5.7bn (5.5) and
return on equity 13.2 per cent (12.2). Excluding items affecting
comparability, which occurred in 2016, return on equity was 12.7 per
Operating income for the second quarter amounted to SEK 11.4bn (11.2).
Compared to the second quarter 2016, operating income increased by 2 per
cent. Operating expenses amounted to SEK 5.5bn (5.4). Compared to the
second quarter 2016, operating expenses increased by 3 per cent.
Asset quality remained strong. The net credit loss level was 6 basis
points for the quarter (5). The liquidity coverage ratio was 120 per
cent (168 at year-end). The capital position remained strong with a
Common Equity Tier 1 capital ratio of 18.9 per cent (18.8 at year-end).
SEB's own assessment of the CET1 requirement, including the maturity
floor and corporate risk weights, was 17.0 per cent.
You can download the Interim Report, Press Conference Presentation and
Fact Book from
For further information, please contact
Jan Erik Back, CFO, +46 8 22 19 00
Jonas Söderberg, Head of Investor Relations, +46 8 763 83 19; +46
73 521 02 66
Viveka Hirdman-Ryrberg, Head of Corporate Communication, +46 8 763 85
77, +46 70 550 35 00
This is information that Skandinaviska Enskilda Banken
AB (publ.) is obliged to make public pursuant to the
EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact
persons set out above, at 7 am CET, on 14 July 2017.
SEB is a leading Nordic financial services group with a strong belief
that entrepreneurial minds and innovative companies are key in creating
a better world. SEB takes a long term perspective and supports its
customers in good times and bad. In Sweden and the Baltic countries, SEB
offers financial advice and a wide range of financial services. In
Denmark, Finland, Norway and Germany the bank's operations have a strong
focus on corporate and investment banking based on a full-service
offering to corporate and institutional clients. The international
nature of SEB's business is reflected in its presence in some 20
countries worldwide. At 30 June 2017, the Group's total assets amounted
to SEK 2,777bn while its assets under management totalled SEK 1,835bn.
The Group has around 15,000 employees. Read more about SEB at
Interim Report January -- June 2017:
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
Source: Skandinaviska Enskilda Banken AB via Globenewswire
(END) Dow Jones Newswires
July 14, 2017 01:15 ET (05:15 GMT)