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    SEB A   SE0000148884

ENSKILDA BANKEN

(SEB A)
  Report
Delayed Nasdaq Stockholm  -  11:29:55 2023-01-27 am EST
123.90 SEK   +1.47%
01/26European Companies Feeling the Pinch of Inflation -- At a Glance
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01/26European Midday Briefing: Mood Brighter on -2-
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01/26Transcript : Skandinaviska Enskilda Banken AB, 2022 Earnings Call, Jan 26, 2023
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Swedbank sees income growth outpacing costs as eyes set on ROE boost

12/06/2022 | 05:19pm EST
FILE PHOTO: Swedbank logo is pictured on its branch in Riga

STOCKHOLM (Reuters) - Swedbank said on Tuesday it would grow average annual income by 3 percentage points more than costs as it looked to boost returns on equity by 2025, driven by a normalised interest rate environment and rising lending volumes and commissions.

The Swedish bank also said it expected to have generated around 300 basis points of capital in excess of its target management buffer of 200 basis points by 2025 as it outlined strategy for the coming years.

The rival of banks including Handelsbanken, SEB and Nordea said in a statement it would maintain its dividend policy of a 50% payout ratio and that any excess capital would be distributed to shareholders.

"A sustainable bank is a profitable bank. Our target is therefore to reach a 15% return on equity," Chief Executive Jens Henriksson said.

The bank, which is holding a capital markets day for investors and analysts on Tuesday, recorded a return on equity of 12.4% in the first nine months of this year.

With inflation running at its highest levels in decades, in part due to the war in Ukraine, central banks have hiked rates repeatedly this year, lifting interest income for Sweden's banks sharply but also squeezing households and businesses and hitting asset markets.

(Reporting by Niklas Pollard, editing by Anna Ringstrom)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ENSKILDA BANKEN 1.47% 123.9 Delayed Quote.1.79%
NORDEA BANK ABP 0.90% 121.2 Delayed Quote.7.56%
SVENSKA HANDELSBANKEN AB 0.05% 108.05 Delayed Quote.2.76%
SWEDBANK AB 2.34% 196.45 Delayed Quote.8.26%
All news about ENSKILDA BANKEN
01/26European Companies Feeling the Pinch of Inflation -- At a Glance
DJ
01/26European Midday Briefing: Mood Brighter on -2-
DJ
01/26Transcript : Skandinaviska Enskilda Banken AB, 2022 Earnings Call, Jan 26, 20..
CI
01/26SEB profit climbs on strong interest income, raises dividend
RE
01/26SEB Group's FY22 Profit Rises on Strong Trading Activity, Higher Interest Rates
MT
01/26SEB's Annual Accounts and results for the fourth quarter 2022
AQ
01/26Skandinaviska Enskilda Banken AB Reports Earnings Results for the Full Year Ended Decem..
CI
01/25Sweden's SEB To Launch SEK1.3 Billion Share Buyback
MT
01/25SEB initiates new share buyback program
AQ
01/24SEB Lifts 2022, 2023 GDP Global Growth Forecasts Despite Impending Mild Recession in Eu..
MT
More news
Analyst Recommendations on ENSKILDA BANKEN
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Financials
Sales 2023 68 693 M 6 671 M 6 671 M
Net income 2023 28 083 M 2 727 M 2 727 M
Net Debt 2023 - - -
P/E ratio 2023 9,17x
Yield 2023 5,59%
Capitalization 258 B 25 099 M 25 099 M
Capi. / Sales 2023 3,76x
Capi. / Sales 2024 3,76x
Nbr of Employees 16 500
Free-Float 72,9%
Chart ENSKILDA BANKEN
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Technical analysis trends ENSKILDA BANKEN
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 122,10 SEK
Average target price 135,05 SEK
Spread / Average Target 10,6%
EPS Revisions
Managers and Directors
Johan Torgeby President, Chief Executive Officer & Director
Marcus Wallenberg Chairman
Nicolas Moch Chief Information Officer
Petra ┼lund Head-Technology
AuÜra Matuseviciene Head-Operations
Sector and Competitors