SEB has revised the presentation of interest accruals on derivatives that economically hedge banking book items. From 2026, these accruals are reported in net interest income instead of net financial income, to better reflect banking margin performance. In addition, interest income and expense from derivatives in hedge accounting relationships, is presented in net interest income and now aligned with the presentation of the hedged item under the effective interest rate method.
The move of Mid Corporate clients from Business & Retail Banking to Corporate & Investment Banking has resulted in a restatement of both divisions for the last eight quarters, 2024-2025. This restatement affects both the income statement and balance sheet according to the attached files.
The restatements do not affect SEB’s net profit or equity for these years.