SEB: Second quarter 2013 - Operating profit SEK 4,783m (3,889)
(Thomson Reuters ONE) -
"SEB's second quarter result is a testimony to the investments we have made
over the past years in our franchise and broader customer base", says Annika
Falkengren, SEB's President and CEO, commenting on the second quarter.
"This quarter we saw a cautiously more positive business sentiment among our
customers with activity levels picking up. SEB has continued to attract
customers in all markets."
"We have further added to our strong capital ratios and at the same time
improved return on equity. We stay true to our strong belief that long-term
customer relationships drive competitive and sustainable profitability."
Operating income amounted to SEK 10.6bn, which was 7 per cent higher from the
second quarter last year and 11 per cent up on the previous quarter. Operating
expenses, at SEK 5.6bn, were 3 per cent lower from a year ago and unchanged from
the previous quarter. Operating profit amounted to SEK 4.8bn, up 23 per cent
from the second quarter 2012 and 29 per cent from the previous quarter.
Provisions for credit losses amounted to SEK 0.3bn, corresponding to a net
credit loss level of 9 bps. Non-performing loans were 24 per cent lower than a
year ago.
The liquidity coverage ratio was 114 per cent, the core liquidity reserve
amounted to SEK 411bn and the total liquid resources were SEK 686bn.
The Core Tier 1 capital ratio was 16.1 per cent according to current regulation.
The Common Equity Tier 1 ratio was 14.2 per cent (Basel 3).
Return on equity in the quarter was 14.0 per cent and earnings per share
SEK 1.73.
Download Annika Falkengren's presentation here:
http://www.sebgroup.com/Documents/Investor_Relations/Presentations/Interim/Press
Conference_2013_Q2.pdf
Download Fact Book here:
http://www.sebgroup.com/Documents/Investor_Relations/Factbook/2013_Q2_factbook.p
df
For further information, please contact
Jan Erik Back, CFO, +46 8 22 19 00
Ulf Grunnesjö, Head of Investor Relations,
+46 8 763 85 01; +46 70 763 85 01
Viveka Hirdman-Ryrberg, Head of Corporate
Communication, +46 8 763 85 77, +46 70 550 35 00
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SEB is a leading Nordic financial services group. As a relationship bank, SEB
in Sweden and the Baltic countries 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 2013, the Group's total assets amounted to
SEK 2,596 billion while its assets under management totalled SEK 1,387
billion. The Group has around 16,000 employees. Read more about SEB at
http://www.sebgroup.com.
Interim Report April - June 2013:
http://hugin.info/1208/R/1716316/570515.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SEB via Thomson Reuters ONE
[HUG#1716316]
Unternehmensinformation / Kurzprofil:
Datum: 15.07.2013 - 07:01 Uhr
Sprache: Deutsch
News-ID 278123
Anzahl Zeichen: 3848
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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