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Skandinaviska Enskilda Banken AB (SEBc.ST)

SEBc.ST on Stockholm Stock Exchange

100.80SEK
19 Jan 2018
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-0.40kr (-0.40%)
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Latest Key Developments (Source: Significant Developments)

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

SEB appoints Erika Lundquist as new head of private banking
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Skandinaviska Enskilda Banken Ab :Says Erika Lundquist new head of private banking.  Full Article

BRIEF-SEB Q2 op profit tops forecasts
Thursday, 14 Jul 2016 

SEB : Q2 underlying operating profit SEK 5,016 mln (4,493) . Reuters poll: SEB Q2 operating profit was seen at SEK 4,862 mln . Says need for advisory and risk management services have continued to increase . Says for first half of this year and excluding both positive and negative one-off effects, all income lines were lower compared to first half of 2015 . Q2 net fee and commission income 4.1 bln SEK vs mean forecast 4.2 bln in Reuters poll . Q2 net interest income 4.6 bln SEK vs mean forecast 4.7 bln in Reuters poll .Q2 loan losses 221 mln SEK vs mean forecast 289 mln in reuters poll.  Full Article

SEB Q2 op profit tops forecasts
Thursday, 14 Jul 2016 

SEB : Q2 underlying operating profit SEK 5,016 mln (4,493) . Reuters poll: SEB Q2 operating profit was seen at SEK 4,862 mln . Says need for advisory and risk management services have continued to increase . Says for first half of this year and excluding both positive and negative one-off effects, all income lines were lower compared to first half of 2015 . Q2 net fee and commission income 4.1 bln SEK vs mean forecast 4.2 bln in Reuters poll . Q2 net interest income 4.6 bln SEK vs mean forecast 4.7 bln in Reuters poll .Q2 loan losses 221 mln SEK vs mean forecast 289 mln in reuters poll.  Full Article

Magnolia Bostad sells more than 300 rental apartments to SEB's housing fund Domestica II
Thursday, 23 Jun 2016 

Magnolia Bostad AB : The properties being sold are Vallentuna-Åby 1:94 and Vallentuna-Åby 1:149, and the sale is made through company transfers at a price of approximately 100 million Swedish crowns . The property value at completion will be about 500 million Swedish crowns ($60.83 million) .Construction is scheduled to start in the first quarter of 2017 and moving in occurs during 2018-2019.  Full Article

Skandinaviska Enskilda Banken AB raises dividend more than expected
Thursday, 4 Feb 2016 

Skandinaviska Enskilda Banken AB:Raised FY 2015 dividend to 5.25 crowns per share, up from 4.75 crowns in FY 2014.  Full Article

UPDATE 1-Swedish bank SEB shareholder equity cut by new accounting rules

STOCKHOLM, Jan 19 SEB's shareholder equity will fall by 8.2 billion Swedish crowns ($1.02 billion), the Swedish bank said on Friday, mostly due to new accounting rules, but also as a result of a 1.9 billion crown hit to its 2017 fourth quarter results.