SEB delivered strong results in Q1 22 thanks to a very positive surprise on NII and fees, while the slight rise in costs constituted a welcomed unexpected event too, resulting in a record low cost/income ratio. Management increased its provisions, resulting in an 8bp cost of risk, to account for a potential impact from a deterioration in the coming macro-economic environment. Despite a rise in RWA, SEB was still overcapitalised but management indicated that buy-backs are likely to continue indef ....

27 Apr 2022
Strong revenue growth and disciplined cost inflation allows for record efficiency

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong revenue growth and disciplined cost inflation allows for record efficiency
Skandinaviska Enskilda Banken AB Class A (SEB.A:OME), 0 | Skandinaviska Enskilda Banken AB Class C (0GUX:LON), 0
- Published:
27 Apr 2022 -
Author:
Sylvain Perret -
Pages:
3 -
SEB delivered strong results in Q1 22 thanks to a very positive surprise on NII and fees, while the slight rise in costs constituted a welcomed unexpected event too, resulting in a record low cost/income ratio. Management increased its provisions, resulting in an 8bp cost of risk, to account for a potential impact from a deterioration in the coming macro-economic environment. Despite a rise in RWA, SEB was still overcapitalised but management indicated that buy-backs are likely to continue indef ....