Go to search feature Go to content

You need to use a different browser. To be able to use our internet services, you can instead use one of these browsers: Apple Safari, Google Chrome, Microsoft Edge or Mozilla Firefox.

Read more about recommended browsers

SEB’s Annual Accounts and results for the fourth quarter 2022

Johan Torgeby and Masih Yazdi
Johan Torgeby and Masih Yazdi

SEB’s operating profit for the fourth quarter 2022 amounted to SEK 9.6bn, with a return on equity of 14.7 per cent, a CET1 capital ratio of 19.0 per cent, and a capital management buffer of 470 basis points. The Board of Directors proposes an ordinary dividend of SEK 6.75 per share and has resolved to utilise the authorisation granted by the 2022 Annual General Meeting to initiate a new quarterly share buyback programme of SEK 1.25bn.

“As we close the books for 2022, we look back at a year characterised by a tragic war in Europe, historically high energy prices, global inflationary pressure and central banks responding with rapid interest rate hikes,” says Johan Torgeby, SEB’s President and CEO. “During the fourth quarter, this unprecedented macroeconomic environment continued to impact customer sentiment and activity, with our results driven by strong trading activity and higher interest rates. With our solid earnings capacity, capital and liquidity buffers, we believe we are in a good position to continue to support our customers and invest in our business.”

Income statement

 

Q4

 

Q3

 

Q4

 

Jan-Dec

SEK m

2022

 

2022

%

 

2021

%

 

2022

2021

%

Total operating income

18 829

 

16 551

14

 

14 127

33

 

64 589

55 638

16

Total operating expenses

-6 757

 

-6 293

7

 

-6 097

11

 

-25 044

-23 245

8

Net expected credit losses

- 506

 

- 567

-11

 

- 299

70

 

-2 007

- 510

 

Imposed levies: Risk tax and resolution fees

- 578

 

- 572

1

 

- 255

127

 

-2 288

-1 019

125

Operating profit before
items affecting comparability

10 988

 

9 118

21

 

7 476

47

 

35 249

30 864

14

Items affecting comparability

-1 399

             

-1 399

   

Operating profit

9 590

 

9 118

5

 

7 476

28

 

33 850

30 864

10

                       

NET PROFIT

7 434

 

7 311

2

 

6 198

20

 

26 989

25 423

6

                       
                       

Return on equity, %

14.7

 

14.9

   

12.9

   

13.8

13.9

 

Return on equity excluding items affecting comparability, %

17.4

 

14.9

   

12.9

   

14.5

13.9

 

Basic earnings per share, SEK

3.50

 

3.43

   

2.87

   

12.63

11.75

 
                       

Comparative figures for 2021 have been restated. See section on restated comparative figures for further information.

 


This disclosure contains information that SEB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on January 26, 2023.

For further information, contact:
Masih Yazdi, CFO
+46 771 62 10 00

Pawel Wyszynski, Head of Investor Relations
+46 70 462 2111
pawel.wyszynski@seb.se

Niklas Magnusson, Head of Media Relations & External Communication
+46 70 763 8243
niklas.x.magnusson@seb.se