SEB's Annual Accounts 2016
Excluding items affecting comparability the operating result was SEK 20.3bn and return on equity 11.3 per cent. The operating result for 2016 amounted to SEK 14.9bn (20.9) and the return on equity was 7.8 per cent. "Following a cautious start of the year, business sentiment grew more positive and event-driven transactions picked up. Large corporate credit demand rose and SEB participated in a number of large initial public offerings in the Nordic region. Both in Sweden and in the Baltic countries we saw that domestically focused SMEs showed a growing willingness to invest. Customers need