Q2 2023 Skandinaviska Enskilda Banken AB Earnings Call Transcript
Good morning. This is the conference operator. Welcome, and thank you for joining the SEB's Second Quarter 2023 Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Johan Torgeby, President and CEO. Please go ahead, sir.
()- -
Thank you very much, and good morning. And welcome to everyone to SEB's summer quarter 2023. As customary, we will go through a presentation, which you can find on the group website under IR.
Starting with the highlights on Page 2. Return on equity came in at 18.8% on a core equity capital ratio of 19.3%, resulting in a 450 basis points buffer. Much of the activity was positively driven by large corporate customers. We saw both growing lending volumes and growing deposit volumes.
During the quarter, as we previously announced, we have entered into an agreement to acquire AirPlus from Lufthansa, which will further strengthen our
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
![](https://static.gurufocus.com/material/money-back-guarantee.png)
![](https://static.gurufocus.com/trust_rating.png)
![](https://static.gurufocus.com/trust.png)