SEB second quarter 2015 - Operating profit SEK 5.3bn (5.3)
(Thomson Reuters ONE) -
As indicated in SEB's press release dated 5 May 2015, the second quarter result
includes a negative one-off item of SEK 902m relating to the Swiss Supreme
Court's decision to deny SEB's application for a refund of withholding tax
dating back to the years 2006-2008.
Reported operating profit in the second quarter amounted to SEK 5.3bn (SEK
5.3bn in the second quarter of 2014). Excluding the one-off item, the operating
income for the second quarter would have been SEK 12.0bn, up 8 per cent compared
to the second quarter 2014. Operating profit would have reached SEK 6.2bn, up
17 per cent compared to the second quarter 2014, and return on equity 14.8 per
cent.
"Over the past years we have built a broader platform strengthening our Nordic
and German corporate franchise. With our diversified business-mix and strong
balance sheet, we can continue to support and grow with our customers", says
Annika Falkengren, SEB's President and CEO, commenting on the second quarter
results.
"Customer activity was high in this exceptional market environment as evidenced
by corporate and institutional customers' increased demand for risk management
products."
"We continued to generate capital and our Common Equity Tier 1 capital ratio
amounted to 17.2 per cent."
Reported operating income in the second quarter amounted to SEK 11.1bn.
Operating expenses increased by 2 per cent to SEK 5.6bn as previously
communicated due to headwinds from higher pension costs and currency effects.
Asset quality remained high. Credit losses amounted to SEK 220m, corresponding
to a net credit loss level of 6 basis points.
Return on equity for the quarter amounted to 12.0 per cent and the Common Equity
Tier 1 capital ratio increased to 17.2 per cent.
The liquidity coverage ratio was 123 per cent, and the core liquidity reserve
amounted to SEK 462bn.
Download Annika Falkengren's presentation here:
http://sebgroup.com/siteassets/investor_relations1/presentations/interim/pressco
nference_2015_Q2.pdf
Download Fact Book here:
http://sebgroup.com/siteassets/investor_relations1/factbook/2015_Q2_factbook.pdf
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
--------------------------------------------------------------------------------
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 2015, the Group's total assets amounted to SEK 2,760
billion while its assets under management totalled SEK 1,780 billion. The Group
has around 16,000 employees. Read more about SEB at http://www.sebgroup.com.
Interim Report January - June 2015:
http://hugin.info/1208/R/1938549/698874.pdf
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(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 GlobeNewswire
[HUG#1938549]
Unternehmensinformation / Kurzprofil:
Datum: 14.07.2015 - 07:01 Uhr
Sprache: Deutsch
News-ID 406472
Anzahl Zeichen: 4151
contact information:
Town:
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Kategorie:
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