Edition:
India

Skandinaviska Enskilda Banken AB (SEBa.ST)

SEBa.ST on Stockholm Stock Exchange

81.24SEK
20 Nov 2019
Change (% chg)

-0.72kr (-0.88%)
Prev Close
81.96kr
Open
81.90kr
Day's High
82.52kr
Day's Low
80.76kr
Volume
7,560,307
Avg. Vol
4,385,742
52-wk High
99.38kr
52-wk Low
78.88kr

Latest Key Developments (Source: Significant Developments)

SEB AB Operating Result For Q2 2019 At SEK 6.1 Bln
Friday, 12 Jul 2019 

July 12 (Reuters) - Skandinaviska Enskilda Banken AB ::REG-SEB: SEB'S SECOND QUARTER 2019 RESULT.OPERATING RESULT FOR Q2 2019 AMOUNTED TO SEK 6.1BN.SEB'S DIVERSIFIED BUSINESS MODEL REMAINED FAVOURABLE.BOTH CORPORATE AND PRIVATE CUSTOMERS WERE ACTIVE AND LENDING VOLUMES INCREASED.HIGH CORPORATE AND PRIVATE CUSTOMER ACTIVITY IN THE FIRST SIX MONTHS OF THE YEAR.TRADE AND POLITICAL UNCERTAINTIES REMAINED HIGH ON THE AGENDA OF INVESTORS AND BUSINESSES DURING THE FIRST HALF OF THE YEAR, WHILE MARKET SENTIMENT AND ECONOMIC DATA CONTINUED TO DIVERGE.THE SWEDISH INSURANCE MARKET CONTINUED TO GROW DURING THE FIRST HALF OF THE YEAR, BUT WITH COMPETITION AND MARGIN PRESSURE INTENSIFYING.PRIVATE AND CORPORATE CUSTOMER ACTIVITY REMAINED HIGH IN OUR BALTIC DIVISION THROUGHOUT THE FIRST HALF OF THE YEAR, THUS CONTRIBUTING TO GROWTH IN LENDING VOLUMES AS WELL AS INCREASING MARGINS.SEB Q2 NET INTEREST INCOME SEK 5,692 MILLION.SEB Q2 NET FEE AND COMMISSION INCOME SEK 4,735 MILLION.  Full Article

SEB to sell 11.6 pct LR Realkredit stake to Nykredit Realkredit
Thursday, 11 Apr 2019 

April 11 (Reuters) - Seb AB ::SEB - SEB TO SELL MINORITY SHAREHOLDING IN LR REALKREDIT A/S TO NYKREDIT REALKREDIT A/S.SAYS MINORITY SHAREHOLDING THAT AMOUNTS TO 11.63 PER CENT.SAYS HAS ENTERED INTO AN AGREEMENT TO SELL TO NYKREDIT REALKREDIT A/S FOR 302.3 MILLION DANISH KRONER.  Full Article

SEB sets total cost target of around 23 bln SEK by 2021
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Skandinaviska Enskilda Banken AB ::WILL CONTINUE TO OPERATE WITH A STRICT COST DISCIPLINE ENSURING THAT ITS CURRENT OPERATIONS ARE RUN WITH AN UNCHANGED COST BASE DURING BUSINESS PLAN PERIOD 2019-2021.NEW STRATEGIC INITIATIVES, ON AN ACCUMULATED BASIS, ARE ESTIMATED TO LEAD TO TOTAL ADDITIONAL INVESTMENTS OF SEK 2-2.5BN DURING 2019-2021.THIS TRANSLATES INTO AN ANNUAL COST INCREASE OF SEK 1BN BY 2021, AND A NEW TOTAL COST TARGET OF AROUND SEK 23BN BY 2021, ASSUMING 2018 FX-RATES.PACE OF INVESTMENTS WILL BE DEPENDENT ON PROGRESS AND WILL BE GRADUALLY RAMPED UP OVER NEXT THREE YEARS.STRATEGIC INITIATIVES ARE EXPECTED TO LEAD TO BOTH IMPROVED REVENUE GROWTH AND COST EFFICIENCIES OVER TIME.FINANCIAL TARGETS REMAIN UNCHANGED: DIVIDEND PAYOUT RATIO AT 40 PCT OR MORE OF EPS, COMMON EQUITY TIER 1 CAPITAL RATIO OF AROUND 150 BPS ABOVE REQUIREMENT.WITH OPEN BANKING, NEW REVENUE OPPORTUNITIES WILL ARISE OUTSIDE EXISTING DISTRIBUTION CHANNELS.  Full Article

SEB AB Says Does Not Offer Or Participate In Structures Whose Aim Is To Avoid Tax
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Skandinaviska Enskilda Banken AB ::SEB AB SAYS DOES NOT OFFER OR PARTICIPATE IN STRUCTURES WHOSE AIM IS TO AVOID TAX.SAYS STATEMENT IN RESPONSE TO MEDIA REPORTS ON FRIDAY THAT THE BANK HAS CREATED TAX STRUCTURES WITH THE AIM OF REDUCING TAX ON DIVIDENDS IN SWEDEN.  Full Article

SEB divests shares in UC
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Skandinaviska Enskilda Banken AB ::SEB AB SAYS LISTED FINNISH CREDIT INFORMATION COMPANY ASIAKASTIETO HAS COME TO AN AGREEMENT WITH ALL OWNERS OF UC AB.SEB AB SAYS OWNS 28 % OF SHARES IN UC AND WILL RECEIVE 2 441 920 SHARES IN ASIAKASTIETO, EQUIVALENT TO 10.2% OF COMPANY, AND SEK 0.3 BN IN CASH.SEB AB SAYS TRANSACTION RESULTS IN A CAPITAL GAIN OF ABOUT SEK 0.9 BN.  Full Article

SEB writes down shareholders equity by SEK 8.2 bln due to new accounting principles, German business transformation
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Skandinaviska Enskilda Banken Ab ::REG-SEB: DISCLOSURE OF IMPACT OF CHANGES IN ACCOUNTING PRINCIPLES, IMPAIRMENT AND OTHER ITEMS AFFECTING COMPARABILITY.SEB AB SAYS ‍ON APPLICATION OF NEW ACCOUNTING PRINCIPLES, TECHNICAL EFFECT ON SEB LEADS TO AN OVERALL REDUCTION IN GROUP'S SHAREHOLDERS EQUITY OF SEK 6.0BN​.SEB AB SAYS ‍OTHER ITEMS AFFECTING COMPARABILITY IN Q4 2017 RESULTS WILL AMOUNT TO SEK -1.9BN BEFORE TAX AND SEK -1.7BN AFTER TAX​.SEB AB SAYS ‍IN TOTAL, ABOVE MENTIONED EFFECTS WILL LOWER EQUITY WITH SEK 8.2BN, CAPITAL BASE WITH SEK 4.3BN AND DECREASE CAPITAL BUFFER BY AROUND 50 BASIS POINTS​.SEB AB SAYS ‍BUSINESS OUTLOOK REMAINS UNCHANGED AND SEB REMAINS COMMITTED TO FINANCIAL TARGETS INCLUDING A CAPITAL BUFFER OF AROUND 150 BASIS POINTS, AND COST CAP OF SEK 22BN FOR 2018.​.SEB AB SAYS ‍IFRS-RELATED CHANGES OF SEK 6.0BN WILL TAKE EFFECT IN Q1 OPENING BALANCE 2018, AND REMAINING SEK 1.7BN IN Q4 RESULTS 2017​.  Full Article

BRIEF-SEB sells SEB Pension in Denmark to Danica in 6.5 bln DKK deal
Thursday, 14 Dec 2017 

Adds Danske Bank instrument code:REG-SEB DIVESTS SEB PENSION IN DENMARK.SAYS ‍TOTAL PROCEED OF DKK 6.5BN, CONSISTING OF A CASH CONSIDERATION OF DKK 5.0BN AND A PRE-CLOSING DIVIDEND OF DKK 1.5BN​.SAYS ‍PRE-CLOSING DIVIDEND WILL BE IN ADDITION TO DIVIDEND OF DKK 1.1BN WHICH SEB RECEIVED IN FIRST SIX MONTHS OF 2017​.SAYS ‍AGREEMENT TO SELL ALL SHARES IN SEB PENSIONSFORSIKRING A/S AND SEB ADMINISTRATION A/S (SEB PENSION) TO DANICA PENSION LIVSFORSIKRINGSAKTIESELSKAB (Danica, a subsidiary to Danske Bank)​.  Full Article