Skandinaviska Enskilda Banken AB (publ) (SEB_A) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the SEB Financial Results Q2 2026 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 Torgeby, President and CEO. Please go ahead. Good morning and welcome to summer in Stockholm to SEB's second quarter financial results presentation. Starting with the highlights for the second quarter we once again stab established positive jaws where income grew faster than costs reflecting a very strong business momentum that we've experienced during the quarter we noted a new high for our net fee and commission income supported by high customer activity and and we definitely saw some change to the demand for borrowings, including an acceleration of corporate lending growth. A few events during the quarter that I'd like to highlight. First, after the 7% increase Q1Q for our asset under management, we broke the notable number 3,000 billion kronor for the first time. Our corporate bank in Germany continues to develop very positively and now we are ranked as the third most appreciated foreign bank in Germany according to the German corporate customers. And thirdly, we have partaken in an initiative which is cross-industry in the Nordics to ensure and promote European and Nordic competitiveness and this is called Nordic Compass. SEB's contribution in this group will predominantly be focusing...