SEB Reports Full-Year 2018 Results; Loan Volume Growth and Baltics Bright Spots
Skandinaviska Enskilda Banken closed its books for 2018 with an operating profit before special items of SEK 22.8 billion, up about half a percentage point compared with last year. This rather uninspiring full-year result comes on the back of net financial income and net other income declines more than offsetting solid growth of 6% and 4% for net interest income and net fee and commission income, respectively. Loan volumes were up by SEK 159 billion to SEK 1.6 trillion in total, largely due to g...Skandinaviska Enskilda Banken provides corporate, retail, investment and private banking services, as well as asset management and life insurance services. Merchant Banking provides wholesale and investment banking services to corporations and institutions. Retail Banking provides products mainly to private customers and small and medium-sized corporate. Wealth Management performs asset management and private banking activities and Life provides life, care and pension insurance. Division Baltic provides retail, asset management and private banking services in the Baltic countries. As of Dec 31 2013, Co. had total assets of SEK1,904.16 billion and total deposits of SEK821.47 billion.
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