Skandinaviska Enskilda Banken (SEB) released this morning its numbers for Q4 18. Total income at SEK11.75bn was 1% lower yoy but still 2.5% above expectations, driven by a good quarter in fees/commissions and trading (contrary to its European and US counterparts). Net interest income (NII) was a bit disappointing being 1.2% lower than expected (-2% qoq). Profit before loan losses at SEK6.2bn was 5% higher than expected. The CET1 ratio at 17.6% was 40bp higher than expected. The ratio is well
30 Jan 2019
Swedish banking is definitely different...
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Swedish banking is definitely different...
Skandinaviska Enskilda Banken AB Class A (SEBA:FRA) | 0 0 0.5% | Mkt Cap: 212,477m
- Published:
30 Jan 2019 -
Author:
Farhad Moshiri -
Pages:
3
Skandinaviska Enskilda Banken (SEB) released this morning its numbers for Q4 18. Total income at SEK11.75bn was 1% lower yoy but still 2.5% above expectations, driven by a good quarter in fees/commissions and trading (contrary to its European and US counterparts). Net interest income (NII) was a bit disappointing being 1.2% lower than expected (-2% qoq). Profit before loan losses at SEK6.2bn was 5% higher than expected. The CET1 ratio at 17.6% was 40bp higher than expected. The ratio is well