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Annual Accounts 2000

ALL-TIME HIGH EARNINGS

  • 2000 - a year of growth.

  • Integration of the German BfG Bank, acquisition of the Baltic banks and a stake in the Polish Bank BOS.

  • Number of employees now 21,500 (13,000).

  • Number of e-banking customers 800,000 (390,000)

  • The Group's total result* increased by 34 per cent to SEK 10,080 M (SEK 7,497 M).

  • Operating result rose by 72 per cent to SEK 8,800 M (SEK 5,122 M). Operating result for comparable entities excluding one-off items rose by 59 per cent.

  • Return on equity was 16.5 per cent (17.2 per cent) based on total result* after tax and 16.9 per cent (14.6 per cent) based on the operating result for the year.

  • Earnings per share improved by 35 per cent to SEK 9.43 (SEK 6.96).

  • Assets under management amounted to SEK 910 billion (SEK 702 billion).

  • Income in the fourth quarter from all areas was record high; record results in Retail Distribution and Merchant Banking.

  • Costs in the fourth quarter were above previous quarters, partly due to increased bonuses and partly attributable to IT- and e-banking costs.

  • A dividend of SEK 4.00 (SEK 3.50) is proposed - an increase of 14 per cent.

    * Operating result plus change in surplus values in life insurance operations and pension settlements/provisions.

    Stockholm, 20 February, 2001
    Lars H Thunell
    President and Group Chief Executive

    The interim report for January-March 2001 will be published on 4 May, 2001. The printed version of the annual report will be distributed in the second half of March. Annual General Meeting will be held on 5 April 2001. SEB's reports are available on the Internet (www.seb.se; www.seb.net).

    The full interim report including tables is available to download from the enclosed link.



    Additional information is available from:
    Gunilla Wikman, Head of Group Communications, +46 8 763 81 25
    Lotta Treschow, Head of Investor Relations, +46 8 763 95 59