Skandinaviska Enskilda Banken AB (OTCPK:SVKEF)
$ 13.391 0 (0%) Market Cap: 26.99 Bil Enterprise Value: 51.71 Bil PE Ratio: 7.84 PB Ratio: 1.32 GF Score: 67/100
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Q3 2019 Skandinaviska Enskilda Banken AB Earnings Call Transcript

Oct 23, 2019 / 12:15PM GMT
Release Date Price: $8.8
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the SEB's Q3 2019 Results Conference Call. (Operator Instructions) I would now like to hand the conference over to the first speaker today, Mr. Masih Yazdi. Thank you. Please go ahead.

Masih Yazdi;publ.;Finance Director
Skandinaviska Enskilda Banken AB

()-

Thank you very much. This is Masih Yazdi, Finance Director, and I have together here with me, Christoffer Geijer, Head of IR. I'll just do a short introduction and then I'll open up for Q&A. So I'll just go through the numbers quickly so that you have all the information we also gave this morning at the press conference. If I start with net interest income, as you've seen, it's up 5% quarter-on-quarter. That's mainly driven by the lending growth we've had but also partly driven by the lower funding costs.

In addition to that, as you probably used to since the past, is that we sometimes have some volatility in our net interest income coming from our markets business. We noted this quarter that NII from

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