reports
- Elisabeth Rudman
- Maria Jesus Parra
- Maria Jesus Parra
- William Schwartz
- Elisabeth Rudman
- Mario De Cicco
- Mario De Cicco
- Ross Abercromby
- Elisabeth Rudman
- Mario De Cicco
- Vitaline Yeterian
SEB Q1 Reports Strong Profits; Up on Sharp Decline in LLPs and Recover...
Skandinaviska Enskilda Banken AB (SEB or the Bank) reported a net profit of SEK 6,018 million in Q1 2020, compared to SEK 2,355 million in the same quarter last year and SEK 5,123 million in Q4 2020. The result was mostly driven by a sharp decline in loan loss provisions as well as a significant recovery of net financial income. Return on equity increased to 13.8% in Q1 2021 compared to 6% in Q1 2020 and 12.2% in Q4 2020. The Bank maintained its long term ROE aspiration of 15%.
- Elisabeth Rudman
- Mario De Cicco
- Vitaline Yeterian
- Elisabeth Rudman
- Mario De Cicco
- Elisabeth Rudman
- Mario De Cicco
- Vitaline Yeterian
SEB FY20 Profit Down Due to High LLPs; Capital Remains Strong
Skandinaviska Enskilda Banken AB (SEB or the Bank) reported net income of SEK 15,746 million in 2020, down 22% Year-on-Year (YoY). The reduction has been mainly driven by the high level of loan loss provisions (LLPs) while underlying income before provisions and taxes (IBPT) remained almost flat YoY. On a quarterly basis, net profit was SEK 5,123 million in Q4 2020, up 7% Quarter-on-Quarter (QoQ) but down 12% YoY. Excluding one-offs (SEK 1 billion fine imposed by the Swedish FSA in June 2020 ove...
- Arnaud Journois
- Elisabeth Rudman
- Vitaline Yeterian
SEB Q3 Up Thanks to Lower LLPs, However Revenues Down QoQ
Skandinaviska Enskilda Banken AB (SEB or the Bank) reported net income of SEK 4,766 million in Q3 2020, up 36% Quarter-on-Quarter (QoQ) and almost flat Year-on-Year (YoY). The increase has been mainly driven by lower loan loss provisions (LLPs) in Q3 2020 which more than offset decreasing revenues QoQ. LLPs continued to weigh negatively on the Bank's bottom line profitability year-to-date as net profit in 9M 2020 declined by 26% compared to 9M 2019. However, on an underlying basis (excluding the...
- Arnaud Journois
- Elisabeth Rudman
- Vitaline Yeterian
SEB Q2 Core Revenues Under Pressure; LLPs Largely Affected by the Oil-...
Skandinaviska Enskilda Banken AB (SEB or the Bank) reported a net profit of SEK 3.5 billion in Q2 2020 vs. SEK 2.4 billion in Q1 2020, up 49% Quarter-on-Quarter (QoQ) and down 28% Year-on-Year (YoY), whilst the Bank's Return on Equity (ROE) improved to 8.7% in Q2 2020 from 6.0% in Q1 2020. The improvement was mainly due to market valuations positively impacting net financial income in this quarter, while net interest income (NII) and net fee and commission income showed signs of pressure compare...
- Arnaud Journois
- Elisabeth Rudman
- Vitaline Yeterian
- Elisabeth Rudman
- Vitaline Yeterian
- Elisabeth Rudman
- Vitaline Yeterian
European Banking: Key Themes in 2020
With prolonged ultra-low interest rates affecting European banks’ revenues, in 2020 it will be key for banks to reduce operating costs further, while maintaining necessary investments in IT, regulatory and compliance requirements. Other key themes that DBRS Morningstar considers important in 2020 include the importance of banks having adequate controls in place to manage operational risks, regulators and investors making increasing demands on banks to recognise the impact of climate change, an...
BNP BNP PARIBAS SA CLASS A
DBK DEUTSCHE BANK AG
HSBA HSBC HOLDINGS PLC
LYG.. LLOYDS BANKING GROUP PLC ADS
LLOY LLOYDS BANKING GROUP PLC
BARC DEUTSCHE TELEKOM AG
DTE NATWEST GROUP PLC
NWG BANCO SANTANDER S.A.
SAN BANCO BILBAO VIZCAYA ARGENTARIA S.A.
BBVA SWEDBANK AB ADS
SWDBY COÖPERATIEVE RABOBANK U.A.
RABO SOCIÉTÉ GÉNÉRALE
2908Z S.A.
BBV/D BANCO BILBAO VIZCAYA ARGENTARIA
BBVXF S.A.
1111Z ING BANK N.V.
44250Z DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK
CRARY CREDIT AGRICOLE S.A. ADS
CRARF CRÉDIT AGRICOLE S.A.
167214Z SKANDINAVISKA ENSKILDA BANKEN AB
SWEDA SWEDBANK AB (PUBL)
SHBA SVENSKA HANDELSBANKEN AB (PUBL)
1211M BARCLAYS PLC
BCSYF ABN AMRO BANK N.V.
3531454Z ROYAL BANK OF SCOTLAND GROUP PLC
RBOS THE
BNPQF BNP PARIBAS SA
- Elisabeth Rudman
- Vitaline Yeterian
BNP BNP PARIBAS SA CLASS A
DBK DEUTSCHE BANK AG
HSBA HSBC HOLDINGS PLC
LYG.. LLOYDS BANKING GROUP PLC ADS
LLOY LLOYDS BANKING GROUP PLC
BARC DEUTSCHE TELEKOM AG
DTE NATWEST GROUP PLC
NWG BANCO SANTANDER S.A.
SAN BANCO BILBAO VIZCAYA ARGENTARIA S.A.
BBVA SWEDBANK AB ADS
SWDBY COÖPERATIEVE RABOBANK U.A.
RABO SOCIÉTÉ GÉNÉRALE
2908Z S.A.
BBV/D BANCO BILBAO VIZCAYA ARGENTARIA
BBVXF S.A.
1111Z ING BANK N.V.
44250Z DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK
CRARY CREDIT AGRICOLE S.A. ADS
CRARF CRÉDIT AGRICOLE S.A.
167214Z SKANDINAVISKA ENSKILDA BANKEN AB
SWEDA SWEDBANK AB (PUBL)
SHBA SVENSKA HANDELSBANKEN AB (PUBL)
1211M BARCLAYS PLC
BCSYF ABN AMRO BANK N.V.
3531454Z ROYAL BANK OF SCOTLAND GROUP PLC
RBOS THE
BNPQF BNP PARIBAS SA
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