SEB's third quarter 2021 result

2021-10-20 07:00:00

"Throughout the pandemic, we have supported our customers while maintaining a strong financial position. Net profit increased compared to the previous quarter with net commission income close to the record high level seen last quarter and increased customer satisfaction among corporate, private and wealth management customers in Sweden. Our strong financial position allows capital repatriation, as the capital buffer exceeds both the regulatory requirement and our own target. SEB's Board of Directors has decided to initiate a SEK 2.5bn share buyback program and to propose a further ordinary dividend of SEK 4.10 per share," says Johan Torgeby, SEB's President and CEO.

Q3 Q2 Q3 Jan-Sep Full
year
SEK m 2021 2021 % 2020 % 2021 2020 % 2020
Total 13 13 0 12 9 40 744 36 11 49
operating 716 680 563 651 717
income
Total -5 -5 -2 -5 2 -17 148 -16 1 -22
operating 671 759 547 905 747
expenses
Net expected - 49 - 7 -1 -96 - 211 -5 -96 -6
credit losses 098 282 118
Operating 7 997 7 916 1 5 916 35 23 388 14 62 20
profit before 463 846
items
affecting
comparability
Items -1 -100 -1
affecting 000 000
comparability
Operating 7 997 7 916 1 5 916 35 23 388 13 74 19
profit 463 846

NET PROFIT 6 634 6 574 1 4 766 39 19 225 10 81 15
623 746

Return on 14.1 14.7 11.7 14.2 8.8 9.7
equity, %
Return on 14.1 14.7 11.6 14.2 9.7 10.3
equity
excluding
items
affecting
comparability,
%
Basic earnings 3.06 3.04 2.21 8.88 4.91 7.28
per share, SEK

You can download the Quarterly Report, Results Presentation and Fact Book from https://sebgroup.com/investor-relations/reports-and-presentations/financial-reports.

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 around 7.00 am CET, on 20 October 2021.

Cision