Q2 2025 Skandinaviska Enskilda Banken AB Earnings Call Transcript

Jul 16, 2025 / 06:00AM GMT

Release Date Price: €14.72

Transcript

Operator

Good day, and thank you for standing by. Welcome to the SEB financial results Q2 2025 conference call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Johan Torgeby. Please go ahead.

Johan Torgeby

Skandinaviska Enskilda Banken AB - President, Chief Executive Officer, Director

Good morning, and welcome to SEB's second quarter results presentation. As customary, you can follow the slides from our website.

Starting with reflecting a bit about the macro situation. I think it's sometimes helpful to make the distinction between risk and uncertainty. The typical risk definition is something that is measurable, something that is tradable or insurable or hedgeable and you can monitor and you can have risks going up or down in one's portfolio or business engagement.

Here, I just show two classic risk measures. That is the risk premium in the credit market here measured as the credit default swaps and also the stock market and its outlook

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