“Our solid result reflects the signs of economic recovery and return of confidence among both corporates and households. Corporate customers were active, particularly within investment banking and equity capital markets. We also noted higher activity among private customers in most areas, including payments and savings. We have a strong capital position with a management capital buffer of 860 basis points. With net expected credit losses at zero basis points in the second quarter, we now foresee that the total for the full year of 2021 will be below the 8-10 basis points previously indicated” says Johan Torgeby, President and CEO.
|
Q2 |
|
Q1 |
|
Q2 |
|
Jan–Jun |
|
Full year |
||||
SEK m |
2021 |
|
2021 |
% |
|
2020 |
% |
|
2021 |
2020 |
% |
|
2020 |
Total operating income |
13 680 |
13 347 |
2 |
13 999 |
-2 |
27 028 |
24 089 |
12 |
49 717 |
||||
Total operating expenses |
-5 759 |
-5 718 |
1 |
-5 712 |
1 |
-11 477 |
-11 358 |
1 |
-22 747 |
||||
Net expected credit losses |
- 7 |
- 156 |
-96 |
-2 691 |
-100 |
- 163 |
-4 185 |
-96 |
-6 118 |
||||
Operating profit before |
7 916 |
7 475 |
6 |
5 598 |
41 |
15 391 |
8 547 |
80 |
20 846 |
||||
Items affecting comparability |
-1 000 |
-100 |
-1 000 |
-100 |
-1 000 |
||||||||
Operating profit |
7 916 |
7 475 |
6 |
4 598 |
72 |
15 391 |
7 547 |
104 |
19 846 |
||||
NET PROFIT |
6 574 |
6 018 |
9 |
3 501 |
88 |
12 591 |
5 856 |
115 |
15 746 |
||||
Return on equity, % |
14.7 |
13.8 |
8.7 |
14.2 |
7.4 |
9.7 |
|||||||
Return on equity excluding items affecting comparability, % |
14.7 |
13.8 |
11.2 |
14.2 |
8.6 |
10.3 |
|||||||
Basic earnings per share, SEK |
3.04 |
2.78 |
1.62 |
5.82 |
2.70 |
7.28 |
You can download the Quarterly Report, Results Presentation and Fact Book from https://sebgroup.com/investor-relations/reports-and-presentations/financial-reports.
For further information, please contact
Masih Yazdi, CFO, +46 771 621 000
Pawel Wyszynski, Head of Investor Relations, +46 70 462 21 11
Karin Lepasoon, Head of Group Marketing and Communication, +46 771 621 000
Henrik Westman, Acting Head of Corporate Communication, +46 70 763 51 34
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 15 July 2021.