Skandinaviska Enskilda Banken AB (publ) (SEB_A) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the SEB Results Q1 2025 conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Johan Torjevi. Please go ahead. Good morning, everyone, and welcome to our Q1 2025 financial results for SEB. As always, we will refer to slides that we've posted on our website. On page two, we summarized firstly that we saw higher fee and commission coming from the CIB division that partly offset lower net interest income. We had a stable underlying asset quality despite somewhat higher reserves that we took during the quarter. We'll also come back to some of our AI initiatives that are in production across the bank. and the board has decided to continue its share buyback pace of 2.5 billion per quarter. As the world severely has changed since we closed the quarter, we thought it would be timely to give a few remarks on current trading. Early Q2 observations are that there has been a wait and see mode introduced in the market. the very high volatility and uncertainty that we've experienced since we started to talk about potential trade wars have clearly had an effect in a wait and see stance introduced with our strong capital and liquidity position we stand in a very good position to continue to support our customers as they see new opportunities and or in search of new firmer liquidity to conquer any u...