SEB released this morning its numbers for FY2020. These were better across-the-board aprt from the level of loan losses.
In terms of financial targets, management is targeting a 100–300bp CET1 buffer vs 150bp previously but the CET1 ratio is 160bp higher qoq at the same time. Management is paving the way to SBB once the Swedish FSA’s recommendations on capital distribution are dismissed (+ a 50% pay-out ratio).
27 Jan 2021
Strong capital but a high degree of uncertainty is looming...
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Strong capital but a high degree of uncertainty is looming...
- Published:
27 Jan 2021 -
Author:
Farhad Moshiri -
Pages:
3
SEB released this morning its numbers for FY2020. These were better across-the-board aprt from the level of loan losses.
In terms of financial targets, management is targeting a 100–300bp CET1 buffer vs 150bp previously but the CET1 ratio is 160bp higher qoq at the same time. Management is paving the way to SBB once the Swedish FSA’s recommendations on capital distribution are dismissed (+ a 50% pay-out ratio).