SEB's second quarter 2021 result
The operating profit for the second quarter 2021 amounted to SEK 7.9bn with a return on equity of 14.7 per cent and a Common Equity Tier 1 capital ratio of 21.1 per cent.
“Our solid result reflects the signs of economic recovery and return of confidence among both corporates and households. Corporate customers were active, particularly within investment banking and equity capital markets. We also noted higher activity among private customers in most areas, including payments and savings. We have a strong capital position with a management capital buffer of 860 basis points. With net expected credit losses at zero basis points in the second quarter, we now foresee that the total for the full year of 2021 will be below the 8-10 basis points previously indicated” says Johan Torgeby, President and CEO.
| Q2 | Q1 | Q2 | Jan–Jun | Full year | |||||||||
| SEK m | 2021 | 2021 | % | 2020 | % | 2021 | 2020 | % | 2020 | ||||
| Total operating income | 13 680 | 13 347 | 2 | 13 999 | -2 | 27 028 | 24 089 | 12 | 49 717 | ||||
| Total operating expenses | -5 759 | -5 718 | 1 | -5 712 | 1 | -11 477 | -11 358 | 1 | -22 747 | ||||
| Net expected credit losses | - 7 | - 156 | -96 | -2 691 | -100 | - 163 | -4 185 | -96 | -6 118 | ||||
| Operating profit before items affecting comparability |
7 916 | 7 475 | 6 | 5 598 | 41 | 15 391 | 8 547 | 80 | 20 846 | ||||
| Items affecting comparability | -1 000 | -100 | -1 000 | -100 | -1 000 | ||||||||
| Operating profit | 7 916 | 7 475 | 6 | 4 598 | 72 | 15 391 | 7 547 | 104 | 19 846 | ||||
| NET PROFIT | 6 574 | 6 018 | 9 | 3 501 | 88 | 12 591 | 5 856 | 115 | 15 746 | ||||
| Return on equity, % | 14.7 | 13.8 | 8.7 | 14.2 | 7.4 | 9.7 | |||||||
| Return on equity excluding items affecting comparability, % | 14.7 | 13.8 | 11.2 | 14.2 | 8.6 | 10.3 | |||||||
| Basic earnings per share, SEK | 3.04 | 2.78 | 1.62 | 5.82 | 2.70 | 7.28 | |||||||
You can download the Quarterly Report, Results Presentation and Fact Book from https://sebgroup.com/investor-relations/reports-and-presentations/financial-reports.
This is information that Skandinaviska Enskilda Banken AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at around 7.00 am CET, on 15 July 2021.
