SEB released this morning its Q1 17 earnings. Total income at SEK11.2bn is higher than our expectations and those of the consensus on the back of strong revenues from trading. While total expenses were in line with expectations, SEB disclosed very low loan losses at SEK204m (in line with what was disclosed by Swedbank and Handelsbanken), better than the SEK284m from the consensus and our forecasts of SEK330m. The CET1 ratio at 18.9% is 10bp higher qoq.
27 Apr 2017
Low loan losses and high revenues from trading
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Low loan losses and high revenues from trading
Skandinaviska Enskilda Banken AB Class A (SEBA:FRA) | 0 0 0.5% | Mkt Cap: 212,477m
- Published:
27 Apr 2017 -
Author:
Farhad Moshiri -
Pages:
3
SEB released this morning its Q1 17 earnings. Total income at SEK11.2bn is higher than our expectations and those of the consensus on the back of strong revenues from trading. While total expenses were in line with expectations, SEB disclosed very low loan losses at SEK204m (in line with what was disclosed by Swedbank and Handelsbanken), better than the SEK284m from the consensus and our forecasts of SEK330m. The CET1 ratio at 18.9% is 10bp higher qoq.