SEB realized a good quarter with a changing growth mix more turned towards NII development. Profitability was however slightly undermined by lower efficiency due to costs as well as provision build-up. Management expects NII to continue to benefit from a rising rate environment in the coming quarters and has thus maintained its targets. The excess capital situation lingers and buybacks should continue.
14 Jul 2022
A solid quarter built on NII tailwinds
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A solid quarter built on NII tailwinds
Skandinaviska Enskilda Banken AB Class A (SEB.A:OME), 0 | Skandinaviska Enskilda Banken AB Class C (0GUX:LON), 0
- Published:
14 Jul 2022 -
Author:
Sylvain Perret -
Pages:
3
SEB realized a good quarter with a changing growth mix more turned towards NII development. Profitability was however slightly undermined by lower efficiency due to costs as well as provision build-up. Management expects NII to continue to benefit from a rising rate environment in the coming quarters and has thus maintained its targets. The excess capital situation lingers and buybacks should continue.