SEB's third quarter 2015 - Operating profit SEK 4.3bn (6.7)
(Thomson Reuters ONE) -
The comparability of the third quarter result is affected by a one-off item in
the third quarter 2014, when shares in MasterCard Inc. were sold at a gain of
SEK 1,321m, before tax.
"In the prevailing economic environment, our customers were cautious, refraining
from new investments but increasing their demand for risk management services.
The seasonality of the third quarter was accentuated this year. We continued to
strengthen our balance sheet to secure our long-term role to support all our
customers. Our Common Equity Tier 1 capital ratio of 17.8 per cent exceeds the
regulator's requirement", says Annika Falkengren, SEB's President and CEO,
commenting on the third quarter results.
Operating income in the third quarter amounted to SEK 10.1bn, compared to an
operating income for the third quarter last year of SEK 12.7bn, including the
one-off item. Operating expenses decreased by 1 per cent to SEK 5.5bn. Operating
profit in the third quarter amounted to SEK 4.3bn (6.7).
Asset quality remained high. Credit losses amounted to SEK 256m, corresponding
to a credit loss level of 7 basis points.
Return on equity for the quarter amounted to 10.1 per cent while the Common
Equity Tier 1 capital ratio increased to 17.8 per cent.
The liquidity coverage ratio was 116 per cent, and the core liquidity reserve
amounted to SEK 486bn.
Download Annika Falkengren's presentation here:
http://sebgroup.com/siteassets/investor_relations1/presentations/interim/pressco
nference_2015_Q3.pdf
Download Fact Book here:
http://sebgroup.com/siteassets/investor_relations1/factbook/2015_Q3_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
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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 September 2015, the Group's total assets
amounted to SEK 2,743bn while its assets under management totalled
SEK 1,631bn. The Group has around 15,500 employees. Read more about SEB at
http://www.sebgroup.com.
Interim Report January - September 2015:
http://hugin.info/1208/R/1960279/714548.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1960279]
Unternehmensinformation / Kurzprofil:
Datum: 21.10.2015 - 07:00 Uhr
Sprache: Deutsch
News-ID 428329
Anzahl Zeichen: 3586
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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