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

Q1 2023 Skandinaviska Enskilda Banken AB Earnings Call Transcript

Apr 26, 2023 / 08:00AM GMT
Release Date Price: $11.11
Operator

Good morning. This is the conference operator. Welcome, and thank you for joining the SEB's First Quarter 2023 Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Johan Torgeby, President and CEO. Please go ahead, sir.

Johan Torgeby;publ;President
Skandinaviska Enskilda Banken AB;CEO & Director

()- -

Thank you very much, and good morning, and welcome to the financial results for the first quarter 2023. As customary, we will go through a presentation, which you can find on the SEB Group website under the IR tab.

Turning to Page 2, the highlights of Q1. We recorded in SEB, a 17.9% return on equity on a core equity Tier 1 capital ratio of 19.2% equivalent to a 480 basis points buffer above the regulatory minimum requirement. We saw particularly high activity within the area of risk management, which clearly benefited the client activity and the financial results for FICC, fixed income currencies and commodities. And the Board of Directors have also

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