Q3 2025 Skandinaviska Enskilda Banken AB Earnings Call Transcript
Key Points
- Skandinaviska Enskilda Banken AB (SVKEF) reported a solid financial result for Q3 2025, despite it being a seasonally slower quarter.
- Investment banking activity showed resilience with an increase in capital markets activity in the latter half of the quarter.
- Customer satisfaction and employee engagement continue to show relative strength.
- The board decided to continue the 2.5 billion share buyback program per quarter.
- The bank is making significant progress in AI, with 130 internal projects and investments in compute capabilities.
- Operating income for the third quarter declined from the previous quarter due to typical seasonal patterns.
- Net financial income was negatively impacted by market valuations of strategic holdings, resulting in a 500 million delta in net financial income.
- Net interest income is expected to decline in the coming quarters due to downward trending interest rates.
- Total fees and commissions declined by around 400 million compared to the previous quarter.
- The CET1 ratio is expected to face a negative impact of around 70 basis points due to ongoing work with Baltic IRB models.
Good day and thank you for standing by. Welcome to the SEB's financial results Q3 2025 conference call. (Operator Instructions) Please be advised to take on franences being recorded.
I would now like to hand the conference over to your speaker today, Johan Torgeby, CEO. Please go ahead.
Good morning, and I'd like to extend a warm welcome to all of you today for SEBs Q3 financial results.
Going to our first page with highlights. We today post a solid financial result in quarter, which is seasonally slower, but we've also experienced less volatile and stable financial markets. Noteworthy is that investment banking activity has held up and showed resilience, and we saw an increase in capital markets activity to the later half of the quarter.
Customer satisfaction and employee engagement continue to show relative strength, and it has been decided to continue the 2.5 billion share buyback program per quarter by the board as we announced today.
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