Press releases

COVID-19 vaccine roll-outs and powerful stimulus measures are laying the groundwork for a rapid recovery, once the pandemic releases its grip on the world economy, says Nordic Outlook for February.

SEB and the largest banks in Sweden started a cooperation with the Swedish Police Authority to fight money laundering and organised crime.

On Wednesday, 27 January, at approximately 07:00 (Swedish time) SEB’s results for the fourth quarter 2020 will be announced.

Mats Torstendahl has been appointed deputy CEO and president. New head of division Corporate & Private Customers will be Jonas Söderberg, currently regional manager within C&PC.

Impending vaccines and a US election outcome that was well received by investors help SEB’s experts feel more confident as they lift their gaze to 2021 and 2022. 

After a surprisingly strong economic recovery in the third quarter of 2020, the second wave of the novel coronavirus is becoming significantly worse than expected, leading to negative GDP growth during the fourth quarter, says Nordic Outlook for November.

The financial outlook is showing a significant improvement since this past spring, says the CFO Survey for the autumn of 2020.

The operating profit for the third quarter 2020 amounted to SEK 5.9bn with a return on equity of 11.7 per cent and a Common Equity Tier 1 capital ratio of 19.4 per cent. 

On Thursday, 22 October, at approximately 07:00 (Swedish time) SEB’s results for the third quarter 2020 will be announced.

SEB is forming a new unit within the bank that will invest venture capital in green technology to contribute to a sustainable transition. 

SEB’s Annual General Meeting will be held on Tuesday, 30 March 2021. 

With markets are near all-time highs and bonds are approaching pre-crisis levels, SEB's experts still choose to continue investing in both equities and corporate bonds.

Sweden: Continued rebound after smaller GDP decline than feared, says Nordic Outlook for September.

As announced in today’s interim report for the second quarter of 2020, the following changes in SEB’s Group Executive Committee will be effective as of 1 November 2020.

The operating profit before items affecting comparability for the second quarter 2020 amounted to SEK 5.6bn with a return on equity of 11.2 per cent and a Common Equity Tier 1 capital ratio of 17.8 per cent.

SEB’s results for the second quarter 2020 will be announced on Wednesday, 15 July, at approximately 07:00 (Swedish time).

Skandinaviska Enskilda Banken AB has today, 29 June 2020, held its Annual General Meeting. 

SEB comments the decision by the Swedish Financial Supervisory Authority (FSA) following its supervisory review of routines and processes that governs anti-money laundering. 

Region Stockholm has issued a Health Impact Bond of 30 million kronor. Skandia is the investor and SEB has been the adviser and financial arranger of the bond.

The invitation to SEB’s Annual General Meeting on 29 June 2020 was published in a press release on 28 May 2020. The Nomination Committee's proposals have been updated.

SEB, AMF and FAM are together investing SEK 3.5bn in a jointly owned company, Sindre Invest AB, which will support Swedish companies in need of capital to make it through the corona crisis.

The Swedish National Debt Office and the Swedish government have now established the framework for Sweden’s first sovereign green bond. SEB is, as a special advisor, assisting the debt office in that work.

Pawel Wyszynski has been appointed new Head of Investor Relations at SEB and will assume his position on 7 September 2020.

The Annual General Meeting in Skandinaviska Enskilda Banken AB will be held on 29 June 2020.

Through increased information sharing, SEB and the biggest banks in Sweden will intensify their cooperation with the Swedish Police Authority in the fight against money laundering, terrorism financing and organized crime. 

The question that investors are asking themselves is how fast economies can be restarted and revert to some kind of normality. Our forecast is a short but deep recession this year, followed by a robust recovery in 2021, says Investment Outlook  for May 2020.

The COVID-19 pandemic has brought the world economy to an unprecedented halt, says Nordic Outlook for May 2020.

The board of Skandinaviska Enskilda Banken AB has decided that the annual general meeting will be held on 29 June 2020. 

The operating profit for the first quarter 2020 amounted to SEK 3bn with a return on equity of 6 per cent and a Common Equity Tier 1 capital ratio of 16.8 per cent.

SEB’s results for the first quarter 2020 will be announced on Wednesday, 29 April, at approximately 07:00 (Swedish time). Given the current circumstances the results presentation will be held as a telephone conference.

SEB.s Board of Directors has made the decision to postpone the AGM until a later date. Chairman Marcus Wallenberg comments on the decision.

Wednesday March 18, 08:00 CET, SEB will participate at the Morgan Stanley European Financials Conference. 

Due to the new coronavirus, SEB has decided to take a number of precautionary measures at the annual general meeting at Konserthuset, Hötorget, Stockholm on 23 March, at 1pm. Registration starts at 11.30.

SEB's Annual Report, which includes the Sustainability Report, and the Report on Capital Adequacy and Risk Management, are now available at SEB's website, together with SEB's Green Bond Investor Report.

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Skandinaviska Enskilda Banken AB will hold the Annual General Meeting in Stockholm on 23 March 2020.

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“We expect another positive stock market year in 2020, but returns well below those of 2019.” That is the message in SEB’s Investment Outlook.

Growth gears up cautiously but remaining political uncertainty and supply restrictions dampen the power of the upturn, write SEB's economists in a new edition of the Nordic Outlook report.

Mark Luscombe, today country manager in UK, will in August return to Denmark, where he gradually will replace Peter Höltermand as country manager. Anders Engstrand, Head of Debt Capital Markets, will in August replace Mark Luscombe as country manager in UK.

SEB’s results for the fourth quarter 2019 will be announced on Wednesday, 29 January, at approximately 07:00 (Swedish time). 

SEB comments on the Swedish Financial Supervisory Authority announcement that it will initiate a sanction evaluation process regarding SEB AB’s internal control and governance of its subsidiary banks in the Baltics.

SEB responds to a number of claims made by the programme Uppdrag granskning from Sveriges Television's, SVT, broadcast on 27 November 2019.

In the opinion of the CFOs of large Swedish companies, business opportunities are less favourable compared with in the spring survey, says CFO Survey for Autumn 2019.

Since 2006, SEB has taken considerable measures in order to minimize the risk of being exploited for money laundering in the Baltics. This is shown in the historical transactional data for Estonia 2005–2018, which SEB publishes today.

Global growth is decelerating, and corporate earnings forecasts are being lowered, but stock markets are climbing to record highs. All else being equal, this suggests that caution is advisable, write SEB’s experts in a new issue of Investment Outlook.

US Federal Reserve (Fed) key interest rate cuts and progress in international trade negotiations have boosted global confidence. 

As announced in today’s interim report for the third quarter of 2019, the following management changes will be effective as of 1 January 2020.

The operating result for the third quarter 2019 amounted to SEK 5.9bn and return on equity, excluding items affecting comparability, was 13.2 per cent.

SEB’s results for the third quarter 2019 will be announced on Wednesday, 23 October, at approximately 06:45 (Swedish time). 

SEB’s Annual General Meeting will be held on Monday, 23 March 2020. Now the Nomination Committee is appointed.

Weaker global growth, trade conflicts and Brexit as well as strong financial market performance so far in 2019 has led SEB's experts to decrease risk exposure.

The operating result for the second quarter 2019 amounted to SEK 6.1bn and return on equity, excluding items affecting comparability, was 13.9 per cent.

SEB, along with five other banks, has established a joint venture company to develop a platform for handling KYC (Know Your Customer) data.

SEB’s results for the second quarter 2019 will be announced on Friday, 12 July, at 07:00 (Swedish time).

Since the last issue of Investment Outlook, SEB’s experts have reduced the risk level in their portfolios to a neutral stance, with some overweighting in global equities compared to Swedish equities.

CFOs of Swedish companies are less optimistic about the business climate than previously, fewer are planning for capex projects and the willingness to hire is falling, shows a new survey.

Leading central banks, and the Swedish Riksbank, are likely to deliver fewer rate hikes than previously anticipated. This is providing new support for slowing economic growth.

SEB's results for the first quarter 2019 will be announced on Tuesday, 30 April, at 07:00 (Swedish time). 

On March 26th, SEB's Annual General Meeting was held at Konserthuset in Stockholm.

SEB's Annual Report, which includes the Sustainability Report, and the Report on Capital Adequacy and Risk Management for 2018 are now available at SEB's web site, together with SEB's Green Bond Investor Report.

The Annual General Meeting in Skandinaviska Enskilda Banken AB will be held on Tuesday, 26 March 2019 at 13.00h. (CET) at Stockholm Concert Hall, Hötorget, Stockholm.

SEB's experts  expect 2019 to be a stormy year, since we are still in the late phase of the economic cycle.

SEB has appointed Javiera Ragnartz new CEO of fund management company SEB Investment Management AB and Head of Division Investment Management. 

The operating result, before items affecting comparability, for 2018 was SEK 22.8bn (22.7) and return on equity 13.4 per cent (12.9).

SEB’s economists have cut their growth forecasts for both the Swedish and the global economy in the latest edition of Nordic Outlook.

SEB's annual result for 2018 will be announced on Wednesday, 30 January, at 07:00 (Swedish time). 

SEB has decided on the Business Plan for 2019-2021. Thursday, 13 December, SEB will host an investor- and press conference presenting a summary of the new business plan, including a cost target for 2021.

Sweden's CFOs remain optimistic about the future, although the upward trend is waning in strength, shows the latest edition of the Deloitte/SEB CFO Survey.

Market signals indicate a peak in the rate of increase in both economic growth and earnings. Corporate earnings are expected to keep rising in 2019, but at a slower pace.

SEB’s economists are adjusting their GDP growth outlook slightly lower, but still project the global economy will grow somewhat above trend in 2019 and 2020.

Operating income for the third quarter amounted to SEK 11.4bn (11.9). Compared to the third quarter 2017, operating income increased by 3 per cent. 

SEB's result for the third quarter 2018 will be announced on Thursday, 25 October, at 07:00 (Swedish time). 

For the third consecutive year, SEB is included as the only Nordic bank in the Dow Jones Sustainability Index, the world's most recognized investor sustainability rating.

SEB’s investment experts recommend a neutral allocation between equities, fixed-income and alternative investments. This is a slight change away from equities compared to the previous issue in May.

SEB’s economists are sticking to an optimistic forecast in which global GDP will increase by about 4 per cent yearly in 2018 and 2019, followed by a mild deceleration in 2020. 

Operating profit for the second quarter 2018 was SEK 10.7bn (5.3). Return on equity was 29.9 per cent (11.6) while return on equity before items affecting comparability was 16.5 per cent (11.6).

SEB's result for the second quarter 2018 will be announced on Tuesday, 17 July, at 07:00 (Swedish time). 

Following the approval by the Danish Competition Council, Konkurrencerådet, on 30 May 2018, and as earlier communicated on 14 December 2017, SEB divests all shares in SEB Pensionsforsikring A/S and SEB Administration A/S (SEB Pension) to Danica Pension Livsforsikringsaktieselskab (Danica), a subsidiary to Danske Bank.

Leading Nordic banks DNB, Danske Bank, Nordea, Handelsbanken and SEB have decided to explore the possible establishment of a Nordic Know Your Customer (KYC) infrastructure. 

In line with our expectations, financial markets have been turbulent so far during 2018. The question is whether this is a first step towards a successively more defensive attitude, or much-needed profit-taking during a continued positive trend.

Swedish CFOs remain optimistic about the future, but the rising trend is slowing somewhat. 

SEB’s economists are sticking to their optimistic forecast, now projecting global GDP growth of about 4 per cent annually in both 2018 and 2019. In Sweden, the economists forecast decelerating growth.

Sara Öhrvall, has been appointed Chief Digital, Customer Experience and Communications Officer and member of SEB's Group Executive Committee.

Operating profit before items affecting comparability for the first quarter 2018 was SEK 5.3bn (6.1). Operating profit for the first quarter 2018 was SEK 5.3bn (4.2). 

The listed Finnish credit information company Asiakastieto Group Plc ("Asiakastieto") has come to an agreement with all owners of UC AB ("UC")to acquire UC.

Survey results from our European corporates continue to deliver a positive business outlook for China, says SEB's China Financial Index for April 2018.

SEB's result for the first quarter 2018 will be announced on Monday, 30 April, at 07:00 (Swedish time).

William Paus will join Joachim Alpen in co-heading the LC&FI division as of 1 April and John Turesson will become new head of SEB in Norway. Additionally, Viveka Hirdman-Ryrberg has decided to move on and take up a role at Investor AB.

At the Annual General Meeting (AGM) in Skandinaviska Enskilda Banken AB (publ) this Monday the Directors of the Board Johan H. Andresen, Signhild Arnegård Hansen, Samir Brikho, Winnie Fok, Tomas Nicolin, Sven Nyman, Jesper Ovesen, Helena Saxon, Johan Torgeby, Marcus Wallenberg and Sara Öhrvall were re-elected. The AGM re-elected Marcus Wallenberg as Chairman of the Board.

SEB's annual report, sustainability report, and report on capital adequacy and risk management for 2017 are now available.

SEB appoints Nina Korfu-Pedersen and Masih Yazdi members of the Group Executive Committee as Chief Financial Officer Jan Erik Back has decided to leave the bank.

Christoffer Geijer has been appointed new Head of Investor Relations and will assume his new position on 1 April 2018.

The Annual General Meeting in Skandinaviska Enskilda Banken AB will be held on Monday, 26 March 2018 at 13.00h. (CET) at Stockholm Concert Hall, Hötorget, Stockholm.

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SEB’s experts this year expect more erratic and volatile market performance compared to last year.

A group of major Swedish, Danish, Norwegian and Finnish banks is currently exploring the possibility of establishing a pan-Nordic payment infrastructure supplemented by common products.

SEB's economists are adjusting their global GDP growth forecast higher by one tenth of a percentage point per year for 2017-2019, leading to a stable global GDP upturn of around 4 per cent.

Excluding items affecting comparability the operating result was SEK 22.7bn and return on equity 12.7 per cent. 

Following the adoption of the new accounting principles as of January 2018, SEB discloses the financial consequences of IFRS 9, IFRS 15 as well as the transformation of the German business and other items affecting comparability for the fourth quarter 2017.

SEB's annual result for 2017 will be announced on Wednesday, 31 January, at 07:00 (Swedish time). 

Jonas Söderberg, Head of Investor Relations has been appointed Head of Region North within Division Corporate & Private Customers.

SEB has signed an agreement to sell all shares in SEB Pensionsforsikring A/S and SEB Administration A/S (SEB Pension) to Danica Pension Livsforsikringsaktieselskab (Danica, a subsidiary to Danske Bank).

The world economy has now entered what looks like a mature expansion period. Despite political uncertainty, we also anticipate that this healthy growth can last for another couple of years, without inflation necessarily speeding up significantly. 

The Deloitte/SEB CFO index for autumn 2017 rose for the second survey in a row and is now at its highest level since 2011. From Nordic and European perspectives, Swedish CFOs still hold a positive view.

Our bright global economic picture has been confirmed this autumn, and SEB is again revising its outlook a bit higher. There will be a gradual shift in the focus of global growth away from the United States and towards the euro zone and the emerging market sphere.

Companies that participated in an SEB's survey maintain a positive a view on doing business in China, with two-thirds expecting an increase in profits.

The operating profit for the third quarter 2017 was SEK 5.4bn (5.7). Compared to the third quarter 2016, operating profit increased by 3 per cent. Return on equity was 12.1 per cent (13.2).

SEB's result for the third quarter 2017 will be announced on Wednesday, 25 October, at 07:00 (Swedish time).

SEB's Annual General Meeting will be held on Monday, 26 March 2018. The members of the Nomination Committee have been appointed.

SEB's experts remain optimistic about the prerequisites for growth as well as inflation during the next couple of years - a good background situation for risk assets such as equities.

SEB is the only Nordic bank included in the Dow Jones Sustainability Index, the most recognised global sustainability ranking for investors.

Late-cycle growth forces are lifting the global economy, which will expand faster than the historical average throughout our 2017-2019 forecast period. 

The operating profit for the second quarter 2017 was SEK 5.7bn (5.5) and return on equity 13.2 per cent (12.2). Excluding items affecting comparability, which occurred in 2016, return on equity was 12.7 per cent (11.7).

SEB's result for the second quarter 2017 will be announced on Friday, 14 July, at 07:00 (Swedish time). 

Global economic growth is accelerating and broadening while corporate reports show both strong sales and earnings, creating good conditions for the stock market. 

Well-founded optimism - not mere hopes - will characterise the world economy in 2017-18. Although conflict levels have escalated and political challenges should not be minimised, protectionist rhetoric is not identical with practical policy.

The operating profit for the first quarter 2017 was SEK 5.5bn (5.6) and return on equity 12.2 per cent (12.2). Excluding items affecting comparability, which occurred in 2016, return on equity was 11.7 per cent (11.8).

SEB's result for the first quarter 2017 will be announced on Thursday, 27 April, at 07:00 (Swedish time). 

The Deloitte/SEB CFO Index for spring 2017 increased from 54.1 to 58.2 - which is the most positive result since May 2011. The survey shows a marked increase in optimism among Swedish Chief Financial Officers.

Annual General Meeting in Skandinaviska Enskilda Banken AB (publ) was held on Tuesday, 28 March 2017. 

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Survey results from our Nordic and German corporates continue to deliver a positive business outlook for China, increasing further in terms of staffing, investments and sales. However, profits are unchanged from the last survey.

SEB's annual report, sustainability report, and report on capital adequacy and risk management are now available.

Annual General Meeting in Skandinaviska Enskilda Banken AB (publ) will be held on Tuesday, 28 March 2017 at 13.00h. (CET) at Stockholm Concert Hall, Hötorget, Stockholm.

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SEB's investment experts increasingly like relatively risky assets on the back of broad global economic growth and positive earnings development in the corporate sector.

SEB's Board of Directors has appointed Johan Torgeby new President and CEO following Annika Falkengren's resignation which was announced on 16 January.

Economic signals are generally positive but political turbulence will open the way for both negative and positive economic outcomes in 2017-2018, say SEB's economists in a new issue of Nordic Outlook.

SEB continues to strengthen its sustainability efforts and has appointed Marie Baumgarts as new Head of Sustainability.

Excluding items affecting comparability the operating result was SEK 20.3bn and return on equity 11.3 per cent. The operating result for 2016 amounted to SEK 14.9bn (20.9) and the return on equity was 7.8 per cent.

SEB's result for the Annual Accounts 2016 will be announced on Wednesday, 1 February, at 07:00 (Swedish time). 

Annika Falkengren has informed the Board of Directors that she wishes to resign from SEB.

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Prospects for the equity markets and other relatively risky assets have improved slightly in recent months. So say SEB's experts in a new issue of Investment Outlook.

Sweden will grow above trend next year before slowing down, while the other Nordic countries start slower and gain speed in 2018. The Baltic region will pick up speed already in 2017 after a slow 2016.

SEB has appointed Frank Hojem new Group Press Officer and head of media relations.  He most recently served as head of corporate communications for mining and minerals group LKAB.

Operating profit for the third quarter was SEK 5,229m (5,536) and return on equity 12.3 per cent. 

The Deloitte/SEB CFO index for September is still showing expansion but continues to fall - down to 54.1 from 55.3 in the spring survey - and is now at its lowest level since 2013.

SEB's result for the third quarter 2016 will be announced on Thursday, 20 October, at 07:00 (Swedish time). 

Nordic and German companies see an upswing in the business environment in China and plans for hiring and rising profits.

After the Brexit investor risk appetite has increased, and financial markets are showing strength again, say SEB's experts in a new issue of Investment Outlook.

SEB is the only Nordic bank included in the Dow Jones Sustainability Index, the most recognised global sustainability ranking for investors.

There have been various growth reversals during the first half of 2016, but more recent economic signals have been predominantly positive.

Excluding a one-off item of SEK 520m, the transaction of SEB's Visa memberships in the Baltic countries, operating profit for the second quarter was SEK 5,016m (4,493) corresponding to a return on equity of 11.9 per cent. 

SEB's result for the second quarter 2016 will be announced on Thursday, 14 July, at 07:00 (Swedish time). 

A possible British exit from the European Union ("Brexit"), Chinese debt and the pace of global economic growth are worrying investors, say SEB's experts in a new issue of Investment Outlook.

Global economic growth will remain anaemic and fragile in 2016. In Sweden, however, SEB's economists forecast GDP growth at 4 percent. 

Excluding one-off items amounting in total to SEK 5,949m, operating profit for the first quarter was SEK 4,493m (5,505) and a return on equity of 10.1 per cent.

SEB's result for the first quarter 2016 will be announced on Wednesday, 27 April, at 07:30 (Swedish time).

A new Deloitte/SEB CFO Survey shows that large Swedish companies are still financially strong but show clear signs of increased anxiety.

Following the new organisation as of 1 January 2016, SEB discloses restated segment information, goodwill impairment and one off effects for the first quarter 2016.

SEB's General Annual Meeting 2016 has been held on March 22 in Konserthuset in Stockholm.

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SEB's annual reporting 2015 is now published on the website

Annual General Meeting in Skandinaviska Enskilda Banken will be held on Tuesday, 22 March 2016 at 13.00h. (CET) at Stockholm Concert Hall, Hötorget, Stockholm.

Global economic growth has the potential to gain strength but is imbalanced and fragile. Downside risks dominate, say SEB's economists in a new issue of Nordic Outlook.

SEB's Annual Accounts 2015 will be announced on Thursday, 4 February, at 07:00 (Swedish time).

The consumer and service sectors are in fairly good shape while conditions are tougher for the manufacturing and commodity sectors, says new issue of Investment Outlook.

Despite various reversals and new challenges, global growth will strengthen in 2016-2017, says SEB´s chief economist Robert Bergqvist in our latest Nordic Outlook.

In a new issue of Deloitte/SEB CFO Survey Swedish financial chiefs remain optimistic and say they intend to increase strategy focus on the Nordic region.

SEB's result for the third quarter 2015 will be announced on Wednesday, 21 October, at 07:00 (Swedish time).

Northern European companies have a less positive view on the business climate. SEB's China Financial Index in September falls to 57.1 from 62.6 in February.

In a new Investment Outlook report, SEB's experts focus especially on China and India in light of recent events.

The world economy is hesitating due to still-cautious behaviour  in developed-market countries and uncertainty about emerging market economic performance, say SEB's economists in a new issue of Nordic Outlook.

SEB's result for the second quarter 2015 will be announced on Tuesday, 14 July, at 07:00 (Swedish time).

Equities have the highest expected returns, say SEB's experts in a new issue of Investment Outlook.

SEB’s result for the first quarter 2015 will be announced on Thursday, 23 April, at 07:00 (Swedish time).

Robust private consumption is allowing allow the Baltic countries and Central Europe to show good resilience against problems in Ukraine and Russia, write SEB’s economists in Eastern European Outlook.

In a new issue of Investment Outlook, SEB’s experts say they remain positive towards equities despite sharply rising share prices. This applies both to the Swedish and global stock market.

Exceptional monetary policies and negative interest rates are contributing to a brighter growth outlook, but deflation risks and geopolitical worries persist, write SEB’s economists in a new issue of Nordic Outlook.

Northern European companies are defying the bearish macro data published in China recently and have a more positive view of sales prospects in 2015, shows SEB's  latest China Financial Index.

SEB has appointed Jonas Söderberg new head of Investor Relations. He will assume his new position on February 1, 2015.

Things are moving in the right direction, though at a slow pace, say SEB’s experts in a new issue of Investment Outlook.