SEB's first quarter result 2017
(Thomson Reuters ONE) -
"With SEB's diversified business mix, we can support our customers and deliver
sustainable profitable growth also in the prevailing complex environment.
Despite many worrying tendencies and events on a global scale, there are also
reasons to be more optimistic on growth in the world economy. Just as seen
towards the end of last year, business sentiment has continued to grow more
positive which was reflected in the financial markets during the quarter. This
resulted in a solid start of the year for SEB", says Johan Torgeby, SEB's
President and CEO, commenting on the quarterly result.
The operating profit for the first quarter 2017 was SEK 5.5bn (5.6) and return
on equity 12.2 per cent (12.2). Excluding items affecting comparability, which
occurred in 2016, return on equity was 11.7 per cent (11.8).
Operating income for the first quarter amounted to SEK 11.2bn (11.6). Compared
to the first quarter 2016, operating income increased by 10 per cent. Operating
expenses amounted to SEK 5.4bn, a decrease of 5 per cent compared to the
previous quarter (5.7).
Asset quality remained strong. The net credit loss level was 5 basis points for
the quarter (8). The liquidity coverage ratio was 133 per cent (168 at year-
end). The capital position continued to strengthen with a Common Equity Tier 1
capital ratio of 18.9 per cent (18.8 at year-end). Our own assessment of the
CET1 requirement, including the maturity floor and corporate risk weights, was
17.0 per cent.
You can download the Interim report, Press Conference Presentation and Fact Book
for the first quarter at https://sebgroup.com/investor-relations/reports-and-
presentations/financial-reports.
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 27 April 2017. |
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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 31 March 2017, the Group's total assets amounted to
SEK 2,927bn while its assets under management totalled SEK 1,800bn. The Group
has around 15,000 employees. Read more about SEB at http://www.sebgroup.com.
Interim Report January - March 2017:
http://hugin.info/1208/R/2099423/795498.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SEB via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2017 - 07:01 Uhr
Sprache: Deutsch
News-ID 538644
Anzahl Zeichen: 4003
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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