SEB: Third quarter 2013 - Operating profit SEK 4,618m (3,857)
(Thomson Reuters ONE) -
"During the third quarter, we saw increasing activity on the corporate side and
despite a continued high level of economic uncertainty globally, the corporate
community showed emerging optimism. As a corporate bank, we have responded to
the improved business sentiment", says Annika Falkengren, SEB's President and
CEO, commenting on the third quarter.
"Operating profit was 20 per cent higher than last year's third quarter, with a
continued trend of increased revenues and lower costs. We continue to grow in
our core areas, as well as to attract more customers."
"With our strong balance sheet, we can support corporate customers if the
business cycle further improves. Our capital situation and liquidity resources
have been further strengthened, which also creates resilience if the economy
were to decline or market uncertainty to increase."
Operating income amounted to SEK 10.3bn, which was 7 per cent higher than the
third quarter last year but 3 per cent down on the previous quarter. Operating
expenses, at SEK 5.5bn, were 3 per cent lower from a year ago and 2 per cent
lower than the previous quarter. Operating profit amounted to SEK 4.6bn, which
was up 20 per cent from the third quarter 2012 but down 3 per cent from the
previous quarter.
Provisions for credit losses amounted to SEK 0.3bn, corresponding to a net
credit loss level of 8 bps. Non-performing loans were 30 per cent lower than a
year ago.
The liquidity coverage ratio was 114 per cent, the core liquidity reserve
amounted to SEK 438bn and the total liquid resources were SEK 702bn.
The Core Tier 1 capital ratio was 17.4 per cent according to current regulation.
The Common Equity Tier 1 ratio was 15.0 per cent (Basel 3).
Return on equity in the quarter was 13.4 per cent and earnings per share
SEK 1.71.
Download Annika Falkengren's presentation here:
http://www.sebgroup.com/Documents/Investor_Relations/Presentations/Interim/Press
Conference_2013_Q3.pdf
Download Fact Book here:
http://www.sebgroup.com/Documents/Investor_Relations/Factbook/2013_Q3_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
--------------------------------------------------------------------------------
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 September 2013, the Group's total assets amounted to SEK 2,569
billion while its assets under management totalled SEK 1,427 billion. The Group
has around 16,000 employees. Read more about SEB at http://www.sebgroup.com.
Interim Report January ? September 2013:
http://hugin.info/1208/R/1737827/582825.pdf
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Source: SEB via Thomson Reuters ONE
[HUG#1737827]
Unternehmensinformation / Kurzprofil:
Datum: 24.10.2013 - 07:02 Uhr
Sprache: Deutsch
News-ID 308822
Anzahl Zeichen: 4102
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Kategorie:
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