SEB’s results for the first quarter 2025
SEB’s operating profit for the first quarter 2025 amounted to SEK 10.0bn, with a return on equity of 13.4 per cent, a CET1 capital ratio of 17.5 per cent, and a capital buffer of 280 basis points.
“During the quarter, the lower net interest income was offset by other income lines. We saw higher customer activity, and hence an increase in both net fee and commission income and net financial income from the Corporate & Investment Banking division compared to the previous quarter. This is a testament to our well diversified business model,” says SEB’s President and CEO Johan Torgeby.
Overall asset quality was stable, despite somewhat higher reserves.
The announcement of new trade tariffs led to notable market turbulence at the beginning of the second quarter. These developments have raised concerns globally about both economic growth and inflation.
“SEB is one of the most well-capitalised banks in Europe, with a strong liquidity position. This makes us well-positioned against unforeseen events and enables us to continue supporting our customers and the economy at large,” says Johan Torgeby.
| Income statement | ||||||||||
| Q1 | Q4 | Jan-Mar | Full-year | |||||||
| SEK m | 2025 | 2024 | % | 2025 | 2024 | % | 2024 | |||
| Total operating income | 19 822 | 19 985 | -1 | 19 822 | 20 682 | -4 | 81 887 | |||
| Total operating expenses | 8 241 | 8 688 | -5 | 8 241 | 7 160 | 15 | 30 949 | |||
| Net expected credit losses | 663 | 377 | 76 | 663 | 73 | 886 | ||||
| Imposed levies | 964 | 851 | 13 | 964 | 1 133 | -15 | 4 009 | |||
| Operating profit | 9 954 | 10 069 | -1 | 9 954 | 12 316 | -19 | 46 043 | |||
| NET PROFIT | 7 824 | 7 493 | 4 | 7 824 | 9 503 | -18 | 35 865 | |||
| Return on equity, % | 13.4 | 13.2 | 13.4 | 17.2 | 16.2 | |||||
| Basic earnings per share, SEK | 3.89 | 3.69 | 3.89 | 4.60 | 17.51 | |||||
This disclosure contains information that SEB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 29-04-2025 06:30 CET.
For further information, contact:
Christoffer Malmer, CFO
+46 771 62 10 00
Pawel Wyszynski, Head of Investor Relations
+46 70 462 2111
pawel.wyszynski@seb.se
Petter Brunnberg, Head of Media Relations & External Communication
+46 70 763 5166
petter.brunnberg@seb.se
SEB is a leading northern European financial services group with international reach. We exist to positively shape the future with responsible advice and capital, today and for generations to come. By partnering with our customers, we want to be a leading catalyst in the transition to a more sustainable world. 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, we 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 our presence in more than 20 countries worldwide, with around 19,000 employees. At 31 March 2025, the Group's total assets amounted to SEK 4,087bn while assets under management totalled SEK 2,669bn. Read more about SEB at sebgroup.com.