SEB second quarter 2016 - underlying operating profit SEK 5,016m (4,493)
(Thomson Reuters ONE) -
"In the prevailing environment of uncertainty, customers' need for advisory and
risk management services have continued to increase. This is reflected in higher
net fee and net financial income between the second and the first quarter" says
Annika Falkengren, SEB's President and CEO, commenting on the quarterly result.
However, for the first half of this year and excluding both positive and
negative one-off effects, all income lines were lower compared to the first half
of 2015 mirroring the impact of negative interest rates and a more cautious
business sentiment.
The market environment is challenging but we are determined - and well
positioned with our diverse business mix and strong balance sheet - to support
our customers."
Excluding a one-off item of SEK 520m, the transaction of SEB's Visa memberships
in the Baltic countries, operating profit for the second quarter was SEK 5,016m
(4,493) corresponding to a return on equity of 11.9 per cent. Including the one-
off item, operating profit was SEK 5,536m and the return on equity was 14.0 per
cent.
Operating income excluding the one-off item amounted to SEK 10.6bn, an increase
of 4 per cent compared to the first quarter this year. Operating expenses
decreased by 2 per cent to SEK 5,332m, excluding one-off items in the first
quarter.
Asset quality remained high. The net credit loss level was 6 basis points during
the quarter. The liquidity coverage ratio was 129 per cent (128). The capital
position was strong with a Common Equity Tier 1 capital ratio of 18.7 per cent
(18.8).
Download Annika Falkengren's presentation here:
http://sebgroup.com/siteassets/investor_relations1/presentations/interim/pressco
nference_2016_Q2.pdf
Download Fact Book here:
http://sebgroup.com/siteassets/investor_relations1/factbook/2016_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
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| |
| 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 2016. |
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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 2016, the Group's total assets amounted to
SEK 2,677bn while its assets under management totalled SEK 1,657bn. The Group
has around 15,500 employees. Read more about SEB at http://www.sebgroup.com.
Interim Report January - June 2016:
http://hugin.info/1208/R/2028543/754163.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#2028543]
Unternehmensinformation / Kurzprofil:
Datum: 14.07.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 483264
Anzahl Zeichen: 4427
contact information:
Town:
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Kategorie:
Business News
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