Press

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.