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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Q2 2023 Skandinaviska Enskilda Banken AB Earnings Call Transcript

Jul 18, 2023 / 08:00AM GMT
Release Date Price: $11.65
Operator

Good morning. This is the conference operator. Welcome, and thank you for joining the SEB's Second 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 everyone to SEB's summer quarter 2023. As customary, we will go through a presentation, which you can find on the group website under IR.

Starting with the highlights on Page 2. Return on equity came in at 18.8% on a core equity capital ratio of 19.3%, resulting in a 450 basis points buffer. Much of the activity was positively driven by large corporate customers. We saw both growing lending volumes and growing deposit volumes.

During the quarter, as we previously announced, we have entered into an agreement to acquire AirPlus from Lufthansa, which will further strengthen our

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