SEB's third quarter 2021 result
The operating profit for the third quarter 2021 amounted to SEK 8.0bn, with a return on equity of 14.1 per cent and a Common Equity Tier 1 capital ratio of 20.2 per cent.
“Throughout the pandemic, we have supported our customers while maintaining a strong financial position. Net profit increased compared to the previous quarter with net commission income close to the record high level seen last quarter and increased customer satisfaction among corporate, private and wealth management customers in Sweden. Our strong financial position allows capital repatriation, as the capital buffer exceeds both the regulatory requirement and our own target. SEB’s Board of Directors has decided to initiate a SEK 2.5bn share buyback program and to propose a further ordinary dividend of SEK 4.10 per share,” says Johan Torgeby, SEB’s President and CEO.
| Q3 | Q2 | Q3 | Jan–Sep | Full year | |||||||||
| SEK m | 2021 | 2021 | % | 2020 | % | 2021 | 2020 | % | 2020 | ||||
| Total operating income | 13 716 | 13 680 | 0 | 12 563 | 9 | 40 744 | 36 651 | 11 | 49 717 | ||||
| Total operating expenses | -5 671 | -5 759 | -2 | -5 547 | 2 | -17 148 | -16 905 | 1 | -22 747 | ||||
| Net expected credit losses | - 49 | - 7 | -1 098 | -96 | - 211 | -5 282 | -96 | -6 118 | |||||
| Operating profit before items affecting comparability |
7 997 | 7 916 | 1 | 5 916 | 35 | 23 388 | 14 463 | 62 | 20 846 | ||||
| Items affecting comparability | -1 000 | -100 | -1 000 | ||||||||||
| Operating profit | 7 997 | 7 916 | 1 | 5 916 | 35 | 23 388 | 13 463 | 74 | 19 846 | ||||
| NET PROFIT | 6 634 | 6 574 | 1 | 4 766 | 39 | 19 225 | 10 623 | 81 | 15 746 | ||||
| Return on equity, % | 14.1 | 14.7 | 11.7 | 14.2 | 8.8 | 9.7 | |||||||
| Return on equity excluding items affecting comparability, % | 14.1 | 14.7 | 11.6 | 14.2 | 9.7 | 10.3 | |||||||
| Basic earnings per share, SEK | 3.06 | 3.04 | 2.21 | 8.88 | 4.91 | 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 20 October 2021.