Skandinaviska Enskilda Banken Ab Class A · OMXSTO:SEB_A
Skandinaviska Enskilda Banken Ab Class A — Q3 2025 Earnings Presentation
21 slides from Skandinaviska Enskilda Banken Ab Class A's earnings presentation, Oct 23, 2025
Slide 1: Financial results Q3 2025
Financial results Q3 2025 23 October 2025 Johan Torgeby, President & CEO Christoffer Malmer, CFO
Slide 2: Highlights in Q3 2025
Highlights in Q3 2025 Return on equity 14.0% • Solid result in seasonally slower and less volatile markets Cost income ratio 0.42 • Investment Banking activity showed resilience and capital markets saw increased activity in the latter part of the quarter • Customer satisfaction surveys and employee
Slide 3: Recent events
Recent events Euro-denominated stablecoin AirPlus SEB part of consortium with major European banks Eurocard for corporates rebrands as AirPlus to issue euro-denominated stablecoin 1 1 The other consortium members are ING, Banca Sella, KBC, Danske Bank, Deka Bank, Unicredit, Caixa Bank and Raiffeisen
Slide 4: SEB's approach to banking the AI community
SEB’s approach to banking the AI community SEB Growth SEB business unit formed in 2022 Offering Integrating into the Tailored offering for products fast-growing companies Companies with high innovation and plans to raise capital or list within a few years AI Nordic Angels partnership Running Enablin
Slide 5: Development of credit and lending portfolio
Development of credit and lending portfolio Credit portfolio by sector Lending by sector SEK bn QoQ YoY QoQ YoY 1,800 Corporates -2% -1% -2% 1% 1,600 FX-adjusted -1% 2% -1% 4% 1,400 1,200 1,000 Households 1 0% 2% 0% 2% 800 Swedish mortgages 1 0% 2% 0% 2% 600 400 Property management 0% 4% 0% 2% 200 0
Slide 6: Focus on returning to positive jaws
Focus on returning to positive jaws Average quarterly income Average quarterly expenses Average quarterly profit before credit losses and imposed levies 19.3 11.3 9.4 8.0 5.9 3.5 2011 2016 2021 Jan-Sep 2011 2016 2021 Jan-Sep 2011 2016 2021 Jan-Sep Note: Excluding items affecting comparability. 2025
Slide 7: Financials
Financials 7 SEB
Slide 8: Financial summary Q3 2025
Financial summary Q3 2025 SEK m Q3 2025 Q2 2025 Q3 2024 Net interest income 10,418 10,342 1% 11,266 -8% Net fee and commission income 6,287 6,685 -6% 6,034 4% RoE 14.0% Net financial income 1,889 2,468 -23% 3,562 -47% Operating income 18,664 19,559 -5% 20,908 -11% C/I Operating expenses 7,921 7,982
Slide 9: Net interest income development
Net interest income development Net interest income (SEK bn) Net interest income (SEK bn) Jan-Sep 2024 vs Jan-Sep 2025 Q2 2025 – Q3 2025 -10% 34.8 31.2 10.3 0.3 10.4 -0.2 -0.1 0.0 Q2 2025 CIB BRB Baltic WAM, Funding, Q3 2025 Jan-Sep 2024 Jan-Sep 2025 Other 9
Slide 10: Net fee and commission income development
Net fee and commission income development Net fee and commission income (SEK bn) Net fee and commission income by income type (SEK bn) Jan-Sep 2024 vs Jan-Sep 2025 Q3 2023 – Q3 2025 YoY QoQ Net securities commissions (custody, mutual funds, brokerage) 12% 2.3 2.7 2.5 -6% -9% 19.7 Q3-23 Q3-24 Q3-25 1
Slide 11: Net financial income development
Net financial income development Net financial income (SEK bn) Net financial income development (SEK bn) Jan-Sep 2024 vs Jan-Sep 2025 Q3 2023 – Q3 2025. Mean and standard deviation (SD) based on last 16 quarters -24% NFI Divisions NFI Other +1 SD 1.3 3.1 9.4 Mean 0.8 2.5 -1 SD 1.8 1.8 2.2 1.9 7.1 0.
Slide 12: Development of CET1 buffer quarter-on-quarter
Development of CET1 buffer quarter-on-quarter Buffer above regulatory requirement, bps 22 14 360 41 -18 290 8 ~290 ~-70 Remaining Target buffer Article 3 REA for 100 – 300bps Baltic IRB models 1 2 30 Jun 2025 P2R Profit net REA asset quality REA other REA Article 3 30 Sep 2025 Pro forma 1 Profit net
Slide 13: Strong asset quality and balance sheet
Strong asset quality and balance sheet Q2 2025 Q3 2025 Asset quality Asset quality Net expected credit loss level 4bps Net expected credit loss level 3bps Funding & liquidity Funding & liquidity Customer deposits (SEK) 1,974bn Customer deposits (SEK) 1,880bn Liquidity coverage ratio (LCR) 130% Liqui
Slide 14: SEB Group financial targets
SEB Group financial targets ~50% 1–3 percentage points Return on equity competitive with peers Dividend payout ratio of EPS CET1 ratio above requirement Long-term aspiration 15% Share repurchases will be the main form of capital distribution when SEB’s capital is in excess of the targeted capital po
Slide 15: Appendix
Appendix SIEIB
Slide 16: Feedback from our customers
Feedback from our customers Nordics Peers in Sweden Sweden All banks 3 Large Corporates Prospera Financial Institutions Prospera Sustainability Advisor Prospera Mid Corporate Prospera 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 1 1 1 1 2 3 1 1 1 1 1 1 1 1 1 1 2020 2024 2020 2024 2020 2024 2020 2025 Corp
Slide 17: Feedback from SME and retail customers
Feedback from SME and retail customers SKI Corporates Long-term trend in advisory service provided by branch offices SEB score Peer avg. excl. SEB Net Promoter Score, rolling 3-month average Peers in Sweden 1 70 70 68 68 Private advisory Corporate advisory 66 1 1 62 64 64 2 2 3 3 3 80 4 2 All banks
Slide 18: Financial summary Jan-Sep 2025
Financial summary Jan-Sep 2025 SEK m Jan-Sep 2025 Jan-Sep 2024 Net interest income 31,229 34,819 -10% Net fee and commission income 19,677 17,595 12% RoE 14.1% Net financial income 7,101 9,381 -24% Operating income 58,045 61,901 -6% C/I Operating expenses 24,144 22,260 8% 0.42 Profit before ECL and
Slide 19: Increasing share of investment grade companies
Increasing share of investment grade companies Large corporates, Sweden 1 Large corporates, outside Sweden 1 Probability of Default (PD) External Rating Category range equivalent 2 Investment 0.0 - 0.4% AAA - BBB grade Non-investment 0.4 - 1.1% BB grade (BB) Non-investment 1.1 - 6% B+ 63% 66% grade
Slide 20: Lending portfolio more sector-diverse than competitors'
Lending portfolio more sector-diverse than competitors’ Lending portfolio by industry 1 Q4 2024, total lending excl. banks, reversed repos and collateral margin 100% Public Administration Other 80% Mining and quarrying Hotels and restaurants Electricity, gas and water supply 60% Construction Service
Slide 21: SIEIB
21 SIEIB
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