SEB's third quarter 2019 result

The operating result for the third quarter 2019 amounted to SEK 5.9bn and return on equity, excluding items affecting comparability, was 13.2 per cent.

"Despite a seasonal slowdown and a softening macroeconomic environment, clients remained active in the third quarter. Our diversified business model remains favourable and the operating profit increased by 5 per cent compared with last year while return on equity reached 13.2 per cent”, says Johan Torgeby, President and CEO.

Financial information

	Q3	Q2		Q3		Jan–Sep			Full year
SEK m	2019	2019	%	2018	%	2019	2018	%	2018
Total operating income	11 942	12 197	-2	11 433	4	36 045	34 123	6	45 868
Total operating expenses	-5 589	-5 708	-2	-5 421	3	-16 918	-16 379	3	-21 940
Net expected credit losses	- 489	- 386	27	- 424	15	-1 297	- 753	72	-1 166
Operating profit before items affecting comparability	5 864	6 103	-4	5 587	5	17 831	17 011	5	22 779
Operating profit	5 864	6 103	-4	5 587	5	17 831	21 517	-17	27 285
NET PROFIT	4 772	4 892	-2	4 539	5	14 346	18 558	-23	23 134
Return on equity, %	13.2	13.9		12.7		13.1	17.7		16.3
Return on equity excluding items affecting comparability, %	13.2	13.9		13.1		13.2	13.6		13.4
Basic earnings per share, SEK	2.21	2.26		2.10		6.64	8.57		10.69

You can download the Interim Report, Results Presentation and Fact Book from https://sebgroup.com/investor-relations/reports-and-presentations/financial-reports.

For further information, please contact
Masih Yazdi, Finance Director, [phone]
Christoffer Geijer, Head of Investor Relations,  [phone]
Frank Hojem, Head of Corporate Communication, [phone]

This is information that Skandinaviska Enskilda Banken AB (publ) is obliged to make public pursuant to the EU Market
Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out
above, at around 6.45 am CET, on 23 October 2019.

SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long-term perspective and supports its customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in some 20 countries worldwide. At 30 September 2019, the Group's total assets amounted to SEK 3,046bn while its assets under management totalled SEK 1,943bn. The Group has around 15,000 employees. Read more about SEB at sebgroup.com

Attachment

• Interim report Q3 2019