15 July 2013 07:08

SEB Earnings Beat Views as Swedish Economy Rebounds

Euroinvestor_Analysts_470x300

DOW JONES NEWSWIRES

Swedish bank SEB AB (SEB-A.SK) Monday reported a stronger-than-expected rise in second-quarter net profit, helped by growing net interest and commission income, and said activity among its customers is picking up as Sweden's economy is rebounding somewhat.

MAIN FACTS:

-Second-quarter net profit rose to SEK3.79 billion from SEK2.96 billion against analysts' expectations for SEK3.27 billion.

-Net interest income rose to SEK4.68 billion from SEK4.53 billion against expectations for SEK4.54 billion.

-Net fee and commission income rose to SEK3.81 billion from SEK3.45 billion.

-Net credit losses widened to SEK291 million from SEK269 million against expectations for SEK285 million.

-The Common Equity Tier 1 capital ratio under Basel III rules -- a measure of banks' financial strength -- improved to 14.2% in June 2013 from 13.1% in December 2012.

-"In SEB's main market, the Nordic region, the Swedish economy has rebounded somewhat although the export sector is still hampered by the low growth in Europe," Chief Executive Annika Falkengren said.

-"All in all, we see a cautiously more positive business sentiment among our customers with activity levels picking up," she said.

-Shares closed Friday at SEK69.40.

Get access to indepth equity research for SEB here.

Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com

Subscribe to WSJ: https://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

July 15, 2013 01:30 ET (05:30 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

 

 

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
18 Aug
PNDORA
Foerst den ene vej 📈 og saa den anden vej 📉 og tju og tju og skomagerdreng... 🎶 Jeg er helt overb..
29
14 Aug
VELO
Vi har diskuteret markedet for immunosuppressive medikamenter før, og jeg har i et tidligere indlæg ..
23
16 Aug
GEN
Det er interimdata vi venter på og altså ikke det fulde data sæt - kigger vi på de tre andre fase II..
19
17 Aug
VELO
Q2-18 er udkommet og jeg har fået set lidt på regnskabet. Overordnet set fulgte selskabets resultat ..
18
15 Aug
VELO
Bare t.o. Jeg taler efter planen med Craig Collard i eftermiddag og sender en artikel ud i morgen.  ..
18
13 Aug
VELO
Husk at markedet er gigantisk! Astellas' to produkter AstagrafXL og Prograf solgte for ca. 12 mia. k..
18
15 Aug
 
Endnu et fantast firma på First North...og denne gang med det flatterende navn Hypefactor...   Når m..
16
13 Aug
VELO
Dette er på alle måder et super regnskab. jeg er helt enig med dem der forventer endnu en opjusterin..
16
13 Aug
PNDORA
22,8 mia. kr. i 2017 synes smykkerne var pæne. det tæller mere end din ene mening
16
14 Aug
VELO
Svar fra Kevin Grønnemann, Medwatch.....   Mange tak for din mail og for jeres forslag.   Det er nog..
14

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

Related news
21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Sophos Sweeps Network and Endpoint Security Categories in CRN’s 2018 Annual Report Card – Again!
2
SHAREHOLDER ALERT: FIZZ ACAD FB ABBV TTPH RMTI HMNY GDS NLSN ZN SBGI ORCL: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
3
SHAREHOLDER ALERT: MRCY GLCNF GLNCY MD COOL HAIR FPI SBGL NWL GOGO FLKS: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
4
Key Energy Services Announces Appointment of Rob Saltiel as New President and Chief Executive Officer
5
AC Immune Announces Important Clinical Milestones for ACI-24 Vaccine in Alzheimer's Disease and Down Syndrome

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2018   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
20 August 2018 13:29:48
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20180816.1 - EUROWEB6 - 2018-08-20 14:29:48 - 2018-08-20 13:29:48 - 1000 - Website: OKAY