DOCSLIB.ORG

View Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
View Annual Report Annual Report 13 Contents 2013 in brief This is SEB Cover Chairman’s statement 2 2013 2012 President’s statement 3 Operating income, SEK m 41,553 38,823 Strategy and markets 4 Profi t before credit losses, SEK m 19,266 15,171 People and culture in SEB 12 Operating profi t, SEK m 18,127 14,235 Corporate sustainability 14 Return on equity, per cent 13.1 11.1 The SEB share 16 Earnings per share, SEK 6.74 5.31 Proposed dividend, SEK 4.00 2.75 Report of the Directors 18 Common Equity Tier I capital ratio1), per cent 15.0 13.1 Financial review of the Group 18 Core Tier I capital ratio2), per cent 11.0 10.1 Result and profi tability 18 1) Basel III 2) Basel II with transitional rules Financial structure 24 Divisions and business support 26 Risk, liquidity and capital management 36 The most important events in 2013: Corporate governance at SEB 49 Internal Control over Financial Reporting 57 ● The EU decided on implementation of the requirements on capital Board of Directors 58 and liquidity under Basel III - CRR/CRD IV. Group Executive Committee 60 ● SEB’s investments in the corporate segments resulted in 108 new Remuneration report 62 The new regulatory framework 64 large corporate and institutional customers and 16,700 new SME Defi nitions 66 customers. The number of private customers increased by some 37,400. Financial Statements 67 ● SEB launched a new mobile app for corporate customers and SEB Group 68 an upgraded internet bank for private individuals in Sweden. Income statement 68 ● SEB was the bank that large Nordic corporations and fi nancial Balance sheet 69 institutions were most willing to recommend (Prospera). Statements of changes in equity 70 ● Cash fl ow statement 71 SEB was awarded as the best bank for small and medium-sized Skandinaviska Enskilda Banken 72 companies in Sweden by the magazine Privata Aff ärer. Notes to the fi nancial statements 76 ● For the fourth year in a row SEB received Global Private Banking Five-year summary 148 Award as the best Nordic bank for private banking services Proposal for the distribution of profi t 150 (The Banker and PWM). Auditor’s report 151 ● SEB facilitated the fi rst issue of green bonds in the Nordic region (the City of Gothenburg) as well as the fi rst green corporate bond Calendar and other information Cover issue in the world (Vasakronan). SEB creates value Cover As a relationship bank strongly committed to deliver customer value, SEB in Sweden and the Baltic countries offers financial advice and a wide range of financial services. In Denmark, Finland, Norway and Germany the Bank’s operations have a strong focus on a full-service offering to corporate and institutional clients. SEB’s SEB’s divisions Operating profi t Merchant Banking – Commercial and investment banking services to large corporate and institutional clients in 18 countries, mainly in the Nordic region and Germany. SEK 8,171m (7,109) Retail Banking – Banking and advisory services to private individuals and small and medium-sized corporate customers in Sweden as well as card operations in the Nordic countries. SEK 5,743m (4,353) Life & Wealt Management Life – Life insurance products for private individuals and corporate customers, mainly in Sweden, Denmark and the Baltic countries. SEK 1,892m (1,980) Wealth Management– Asset management, including mutual funds, and private banking services to institutional clients and high net worth individuals in the Nordic countries. SEK 1,610m (1,289) Baltic – Banking and advisory services to private individuals and small and medium-sized corporate customers in Estonia, Latvia and Lithuania. SEK 1,280m (918) SEB’s representation worldwide Subsidiaries, branches and representative offi ces SEB’s activities principally embrace customers based in the Nordic and Baltic countries and Germany. The Bank ces in Sweden and the Baltic countries. Operating income By geography, per cent Germany operations. activities are carried out with a long-term perspective to fulfi l the Bank’s role to assist individuals, businesses and markets to thrive. The international nature of SEB’s business is refl ected in its presence in some 20 countries worldwide. SEB serves approximately 4 million customers and has around 16,000 employees. SEB’s strength SEB’s value distributionbutbuutitioiononn 1) 2013 2012 While creating economic value to customers and society, the Increased earnings SEK bn Bank also distributes value to Net profi t, SEK bn 14.8 11.7 40 direct stakeholders. 35 Continued high asset quality Credit loss level 0.09 0.08 30 Salaries, pensions and 25 Solid funding and liquidity benefi ts to 16,000 employees Liquidity coverage ratio 129 113 20 Dividends to 270,000 15 Strong capital shareholders Common Equity Tier 1 (Basel III) 15.0 13.1 10 Taxes and fees 5 Business partners and suppliers (13,000) 0 2011 2012 2013 1) See inside back cover SEB’s fi nancial targets Outcome Target 1) 2013 2012 Dividend ≥40 % 592) 52 payout ratio earnings per share Common Equity 13 % 15.0 13.1 Tier 1 capital ratio according to Basel III Return on Equity 15 % 13.1 11.1 competitive with peers on equity The capital target may be revised as the Swedish implementation of the European Capital Requirements Directive, CRD IV, is clarifi ed. 1) The targets are explained on page 9. 2) Subject to the approval by the AGM of the proposed dividend Mission Corporate objectives To help people and businesses ● The leading Nordic bank for corporates thrive by providing quality and institutions advice and fi nancial resources ● The top universal bank in Sweden and the Baltic countries Vision To be the trusted partner for Strategic priorities customers with aspirations ● Long-term customer relationships ● Brand promise Growth in areas of strength ● Resilience and fl exibility Rewarding relationships SEB’s customers Rewarding relationships are the cornerstones of our business. Ever since A O Wallenberg founded SEB in 1856, we have provided fi nancial services to assist our customers in reaching their fi nancial objectives. 2,900 400,000 4,000,000 Corporates and institutions SME customers Private customers SEB is the leading corporate and invest- SEB off ers small and medium-sized corpo- SEB provides some four million indi- ment bank in the Nordic countries, serving rate customers several customised prod- viduals with advice and services to large corporations and fi nancial institu- ucts that were initially developed in coop- meet all their fi nancial needs. These tions with corporate banking, trading and eration with SEB’s large corporate clients. include products and services for capital markets and global transaction In addition, numerous services are specifi - daily fi nances, savings, loans, services. Comprehensive pension and cally designed for small companies and pension solutions, cards, wealth asset management solutions are also entrepreneurs. management and life insurance. off ered. chairman’s statement Our foremost mission is to create value for our customers and thereby generate sustainable returns to our shareholders. Founded more than 150 years ago in the the lowest credit loss levels in Europe. rate and institutional bank in the Nordic service of entrepreneurs and enterprise This is manifested by the Swedish bank- countries and Germany as well as the SEB has a deeply rooted ambition to ing system’s low funding costs, which top universal bank in Sweden and the work in active and close partnership to a large extent are passed on to the Baltic countries. with our customers. It is an undertaking banks’ customers. As shareholders of the Bank, we can that fi lls us with pride and it involves a look back at a year which rendered a great degree of responsibility. As a bank Regulations yet to be fi nalised return on equity of 13.1 percent and our foremost mission is to create value Everyone agrees that the function, effi - an increase in the share price by 53 for our customers and thereby generate ciency and stability of the global fi nan- per cent. A year ago we reviewed the sustainable and competitive returns to cial system must be safeguarded. long-term fi nancial targets in order to our shareholders over time. Accordingly, a number of new regula- increase the transparency and the tions are currently being implemented. expectations you as shareholders should Global growth is recovering The new regulations include an ambi- have on SEB. These targets remain with The much needed global recovery tion to establish effi cient interfaces a long-term aspiration for SEB to reach a including a recovery in Europe, is slowly between supervision at the macro and return on equity of 15 per cent. gaining momentum. In our region, the micro levels. They also extend to market Nordic countries have shown more re- conduct and infrastructure as well as to silience and we are now seeing a more consumer protection. On behalf of the Board, I want to positive corporate sentiment and Several risks arise in connection express our great appreciation to the activity levels higher than a year ago. with the implementation of such a huge Bank’s management and staff . Our number of new regulations in a short commitment remains the same. SEB Sound and profi table banks key period of time and with the full frame- will work relentlessly for the best inter- At its very core, SEB’s business model is work yet to be fi nalised. Given the high ests of our customers and shareholders, about building deep customer relation- level of interconnectivity and interde- and thus for society as a whole. ships based on our customers’ needs. pendencies in the global economy, This is as a broad undertaking, as we are great care must be taken to avoid un- Stockholm, February 2014 at the centre of the credit intermedia- intended consequences.
Load more

Recommended publications
  • SEB's Results for the Second Quarter 2019
    Press release Stockholm, 28 June 2019 Invitation – SEB’s results for the second quarter 2019 SEB’s results for the second quarter 2019 will be announced on Friday, 12 July, at 07:00 (Swedish time). In addition, presentations and the Fact Book will be available on sebgroup.com/ir. You are invited to participate in the following presentations: Results presentation Time: 09:00 (Swedish time) Venue: Kungsträdgårdsgatan 8, Stockholm Johan Torgeby, President and CEO, will present and comment upon the results. The presentation will be conducted in English. The results presentation can be followed live on sebgroup.com/ir and will also be available afterwards. Telephone conference Time: 13:00 (Swedish time) Johan Torgeby, Masih Yazdi, Finance Director, and Christoffer Geijer, Head of Investor Relations, will present the results, followed by a Q&A session. To participate, please call +44 (0)2071 928 000, quote conference id: 4839848 , at least 10 minutes in advance. The telephone conference audio webcast can be followed live on sebgroup.com/ir and will also be available afterwards. For further information, please contact Christoffer Geijer, Head of Investor Relations +46-8-763 83 19, +46-70-762 1006 Frank Hojem, Head of Media Relations +46-8-763 99 47, +46-70-763 99 47 SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long term perspective and supports its customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services.
    [Show full text]
  • Skandinaviska Enskilda Banken AB (Publ) (Herein the “Bank”, Or “SEB AB”) Is a Foreign Banking Organization Duly Organized and Existing Under the Laws of Sweden
    SEB U.S. Resolution Plan Public Section October, 2013 TABLE OF CONTENTS Section 1: Public Section Introduction Summary of resolution plan A. Description of material entities B. Description of core business lines C. Summary financial information D. Description of derivative and hedging activities E. Memberships in material payment, clearing and settlement systems F. Description of foreign operations G. Material supervisory authorities H. Principal officers I. Corporate governance structure and processes related to resolution planning J. Description of material management information systems K. High-level description of resolution strategy This document contains certain forward-looking statements that reflect SEB’s current views with respect to future events. Forward-looking statements are all statements in this document that do not relate to historical facts and events. While these forward-looking statements represent SEB’s judgments and future expectations concerning the development, actual developments could differ from SEB’s expectations. SEB undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. 1 Introduction Skandinaviska Enskilda Banken AB (publ) (herein the “Bank”, or “SEB AB”) is a foreign banking organization duly organized and existing under the laws of Sweden. In the United States, the Bank maintains a New York state-licensed branch (the “New York Branch”) and operates subsidiaries, as described below. This resolution plan (the “U.S. Resolution Plan”) is being filed by the Bank pursuant to Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) and 12 C.F.R.
    [Show full text]
  • SEB Creates New Division to Further Sharpen Its Private Banking Offering
    SEB creates new division to further sharpen its Private Banking offering SEB is establishing a new division, Private Wealth Management & Family Office, to further strengthen its focus on entrepreneurs, individuals and families and their businesses in SEB’s home markets. William Paus, today Co-Head of SEB’s Large Corporates & Financial Institutions division, has been appointed Head of the new division. Ever since SEB was founded, the bank has supported individuals and companies in their value creation. Private Banking is part of SEB's DNA, and the segment has seen its assets under management (AuM) grow to more than SEK 1,000bn over the years, corresponding to nearly 50 per cent of SEB’s total AuM. Fuelled by successful entrepreneurship, a favourable macroeconomic environment including demographic factors and strong financial markets, the global Private Banking industry is growing. By gathering SEB’s expertise within Private Banking in one division, the bank further sharpens its offering in response to the continuously changing needs of the customers, aiming to grow SEB’s savings and investments business. “SEB has strong and longstanding relationships with customers ranging from entrepreneurs to professional family offices, and I am confident that we, by creating this dedicated Private Wealth Management & Family Office division, will be able to become an even more relevant partner for both new and existing customers in our home markets. Our aim is to take a leading position in this increasingly important segment by offering first-class investment advisory based on SEB's entire product range of analysis, IPOs and alternative investments. I am delighted that William Paus is taking on this new challenge within the bank,” says Johan Torgeby, SEB’s President and CEO.
    [Show full text]
  • Here Is a Lag, We Predict Some Further Upward Pressure on CPI Prices This Month
    Macro & FICC research Week Ahead Friday, 9 July 2021 Key Economic Indicators & Events: 12 July – 18 July, 2021 DueDate to USCE SgovernmentT Country Event shutdown many US calender events are cancelled.Period If SEBthe forecast*shutdown ends.Consensus* US indicators not includedLast* in this calenderMon 12 Auctions: could be U.S. presented. to sell bills, 3y notes & 10y notes (17:30, 19:00, 19:00). Reports: Kinnevik. Speeches: Fed’s Kashkari speaks at Townhall (18:00). Other: Bloomberg July Eurozone/Germany economic survey (08:30/08:35), Riksbank publishes Minutes from June 30 meeting (09:30), Eurogroup meeting (13:00), National Bank publishes Inflation Report. 01:50 JAP Core machine orders May 2.5/6.3 0.6/6.5 01:50 JAP PPI Jun 0.5/4.7 0.7/4.9 06:30 SWE SEB Swedish housing-price indicator 65 08:00 DEN CPI Jun -0.1/1.6 --- 0.2/1.7 08:00 JAP Machine tool orders yoy Jun P --- 141.9 12:00 SWE Swedish weekly unemployment (PES) Tue 13 Auctions: Germany to sell 2y bonds (11:30), U.S. to sell bills & 30y bonds (17:30, 19:00). Reports: JM, DNB Bank, JPMorgan Chase. Speeches: Riksbank's Ingves participates in panel discussion (15:00), Fed Hosts event on racism and the economy (18:00). Other: European Council: Economic and Financial Affairs Council, France: CPI final (08:45). 06:00 SWE PES unemployment rate Jun --- 3.6 08:00 GER CPI | CPI EU harmonized Jun F --- 0.4/2.3 | 0.4/2.1 12:00 US NFIB small business optimism Jun 100.0 99.6 14:30 US CPI | CPI ex.
    [Show full text]
  • Annual and Sustainability Report 2020 — 1 Introduction — This Is SEB
    Annual and Sustainability Report Our customers and stakeholders We are always putting our customers' needs at the core of our business. Their high expectations for both personal and digital services, for quality advice and sustainable solutions drive SEB’s business development and offerings. Our 15,500 employees work as a team to serve our customers and create value for our shareholders and for the societies where we operate. 2,000 Large corporations 1,100 Financial institutions 400,000 Small and medium-sized companies Of these, some 272,000 are home bank customers. 4,000,000 Private individuals Of these some 1.5 million are home bank customers. 15,500 Employees 268,000 Shareholders Society Contents Introduction This is SEB 1 Statement of the Chair 6 Statement of the President 8 Value creation Business environment 12 Long-term value creation 14 Overall targets and outcome 16 Our business Strategy and business plan 20 Our customers 28 Our employees 32 Our shareholders 36 Our role in society 38 Sustainability Sustainability report 40 Report of the Directors Financial review of the group 60 Risk, liquidity and capital management 74 Corporate governance 80 Financial statements and notes Financial statements 96 Notes to the financial statements 106 Five-year summary 188 Proposal for the distribution of profit 190 Signatures of the Board of Directors and the President 191 Auditor's report 192 Sustainability notes 196 Other information 215 Definitions 215 Pages 59–191 constitute SEB's formal annual report. SEB's sustainability work is described in the sustainability report on pages 40–58 and 196–213.
    [Show full text]
  • Evaluation of Banking Internationalization
    Evaluation of Banking Internationalization -A case study of Nordea in Poland and SEB in Germany Master thesis within Corporate Finance Author: Emelie Antonsson, Annie Arrhenius Tutor: Andreas Stephan Jan Weiss Jönköping May 2011 Acknowledgements The authors would like to express their gratitude to the people that have been a part of the process in developing this Master Thesis. First the authors would like to thank the interviewed employees at Nordea and SEB for giving their knowledge and providing valuable input to the evaluation. The authors would also like to thank Andreas Stephan and Jan Weiss as well as Olof Brunninge, for the comments and feedback throughout this process. The authors are responsible for the contents of this thesis. All eventual criticism should be directed to them rather than the sources stated in this thesis. Master’s Thesis in Corporate Finance Title: Evaluation of Banking Internationalization Author: Emelie Antonsson, Annie Arrhenius Tutor: Andreas Stephan, Jan Weiss Date: 2011-05-20 Subject terms: Internationalization, Incentives, Establishment, Identity, CAMEL Abstract The purpose of this thesis is to gain a deeper understanding in the internationalization process that Swedish banks go through. This will be achieved by evaluating Nordea and SEB and their internationalization to Poland and Germany. The concept of internationalization is constantly being explored, leading to different forms of results and theories within this area of research. Nordea is one of the largest providers of financial services in the Nordic and Baltic Sea region. Nordea has a strong focus on expanding their internationalization. SEB’s biggest markets are the Nordic countries, the Baltic’s and Germany.
    [Show full text]
  • View Annual Report
    Annual Report 2000 00 A financial partner for Europe Through acquisitions and successful development of new services and distribution channels SEB has grown into a European financial partner for primarily companies and financially active individuals. More than half of SEB’s staff is now employed outside Sweden. Contents SEB’s financial information is found on Chairman’s statement 2 www.seb.net. President’s statement 3 The SEB share 4 Economic development 6 Financial information during 2001 This is SEB 8 Publication of annual accounts 20 February Publication of Annual Report End of March SEB’s main groups 13 Annual General Meeting 5 April Retail Distribution 14 Interim report January-March 4 May Interim report January-June 23 August Merchant Banking 16 Interim report January-September 25 October SEB Securities Services 19 SEB Invest & Funds 20 Private Banking 21 For further information please contact: SEB Trygg Liv 22 Gunilla Wikman Boo Ehlin Head of Group Communications Press Officer BfG 24 Telephone +46 8 763 81 25 Telephone +46 8 763 85 77 Enskilda Securities 26 e-mail: [email protected] e-mail: [email protected] SEB Kort 28 The Baltic 29 Lotta Treschow Annika Halldin SEB’s e-banking activities 30 Head of Investor Relations Responsible for financial Telephone +46 8 763 95 59 information/Shareholder contacts Report of the Directors 32 e-mail: [email protected] Telephone + 46 8 763 85 60 e-mail: [email protected] Risk- and capital management 39 Cover picture: Ingrid Nabseth, relationship manager, mid-corporate market Accounting principles 44 Definitions 47 Profit and loss accounts 48 Balances sheets 50 Cash flow analysis 51 Notes 52 Five-year summery 82 Proposal for the distribution of profit 84 Auditor’s report 85 Board of Directors 86 Executive Committee and auditors 87 Addresses 88 2000 in brief The German BfG Bank is incorporated with SEB on 3 January, 2000.
    [Show full text]
  • Skandinaviska Enskilda Banken AB (Publ)
    Skandinaviska Enskilda Banken AB (publ) Primary Credit Analyst: Pierre-Brice Hellsing, Stockholm + 46 84 40 5906; [email protected] Secondary Contact: Salla von Steinaecker, Frankfurt (49) 69-33-999-164; [email protected] Research Contributor: Sophie Nehrer, Frankfurt; [email protected] Table Of Contents Major Rating Factors Outlook Rationale Environmental, Social, and Governance (ESG) Related Criteria Related Research S&P GLOBAL RATINGS360 SEPTEMBER 3, 2020 1 © S&P Global Ratings. All rights reserved. No reprint or dissemination without S&P Global Ratings' permission. See Terms of Use/Disclaimer on the last page. Skandinaviska Enskilda Banken AB (publ) Additional SACP a Support +1 0 + + Factors Anchor a- Issuer Credit Rating ALAC +1 Business Support Adequate Position 0 A+/Stable/A-1 Capital and GRE Support Strong 0 Earnings +1 Risk Position Adequate 0 Group Resolution Counterparty Rating Support 0 Funding Average AA-/--/A-1+ 0 Sovereign Liquidity Adequate Support 0 Major Rating Factors Strengths: Weaknesses: • Leading merchant bank franchise. • Pressure on revenue and asset quality stemming • Strong risk-adjusted capitalization underpinned by from the COVID-19 pandemic. resilient earnings and asset quality in a European • Concentration of relatively large single-name context. exposures. • Predominance of wholesale funding and corporate deposits in the funding profile. S&P GLOBAL RATINGS360 SEPTEMBER 3, 2020 2 © S&P Global Ratings. All rights reserved. No reprint or dissemination without S&P Global Ratings' permission. See Terms of Use/Disclaimer on the last page. Skandinaviska Enskilda Banken AB (publ) Outlook: Stable The stable outlook reflects our expectation that Skandaninaviska Ensilda Benken (AB) (SEB) will be able to comply with the requirements set by the FSAs to further improve its anti-money-laundering (AML) framework.
    [Show full text]
  • Iif Future Leaders Alumni Network
    IIF FUTURE LEADERS ALUMNI NETWORK Aberdeen Standard Investments Majed Al Rajhi, Class of 2020 Andrew Kelly, Class of 2016 Allianz Chris Demetriou, Class of 2017 Petr Sosík, Class of 2016 Victoria MacLean, Class of 2018 Holger Braun, Class of 2017 Erin Smith, Class of 2019 Michael Schiebel, Class of 2018 Pruksa Iamthongthong, Class of 2020 Christoph Rosenfeld, Class of 2020 ABN AMRO ANZ Bank Ido Gonen, Class of 2019 Kellie Burbidge, Class of 2014 Aartie Hoeblal, Class of 2020 Tamara Medard, Class of 2015 Access Bank Krissie Jones, Class of 2016 Roosevelt Ogbonna, Class of 2014 AO UniCredit Bank Segun Kuteyi, Class of 2018 Svetlana Zolotareva, Class of 2015 Oluseun Onasoga, Class of 2020 Association of German Banks Agricultural Bank of China Daniel Engelmann, Class of 2020 Yi CAO, Class of 2014 Banco Galicia Bing DUAN, Class of 2014 Percy Bayley, Class of 2014 Akbank Bank Julius Baer Burcu Civelek Yüce, Class of 2014 Andrea Metzler, Class of 2020 Ali Arikan, Class of 2015 Bank of America Sebnem Dag Güven, Class of 2016 Lindsay Hans, Class of 2020 Burcu Kucukunal, Class of 2018 Bank of Palestine Zeynep Orman Özdemirel, Class of 2019 Raya Sbitany, Class of 2014 Ozge Birer, Class of 2020 Mahmoud Shawa, Class of 2014 Al Rajhi Bank Hassan Alhallaq, Class of 2015 Raid Aldrees, Class of 2019 Amal Massis, Class of 2017 Guillaume Autier, Class of 2015 Suleiman Nasr, Class of 2018 Virginie Delaunay, Class of 2016 David Vaillant, Class of 2017 Yazan Almasri, Class of 2020 Pauline Allary, Class of 2018 Bank Pekao Aude Gaudin, Class of 2019 Piotr Wetmanski,
    [Show full text]
  • List of Largest Banks
    List of largest banks These are lists of the banks in the world, as measured by total assets.[1] Contents By total assets Banks by country or territory By market capitalization Banks by country or territory See also References The ICBC building on the Bund, Shanghai. By total assets The list is based on the April, 2020 S&P Global Market Intelligence report of the 100 largest banks in the world.[1] The ranking was based upon assets as reported and was not adjusted for different accounting treatments.[1] Accounting treatment affects the assets reported: for example, the United States uses US GAAP (as opposed to IFRS), which only reports the net derivative position in most cases, leading to US banks having fewer derivative assets than comparable non-US banks.[2] If JPMorgan Chase reported under the IFRS, it would be ranked 2nd in the list as of 2020, rather than 4th.[1] Total assets Rank Bank name (2020) (US$ Billion) 1 Industrial and Commercial Bank of China 4,324.27 2 China Construction Bank 3,653.11 3 Agricultural Bank of China 3,572.98 4 JPMorgan Chase 3,386.07[3] 5 Bank of China 3,270.15 6 HSBC 2,984.16 7 Mitsubishi UFJ Financial Group 2,892.97 8 Bank of America 2,819.15 9 BNP Paribas 2,398.01 10 Crédit Agricole 2,278.79 11 Japan Post Bank 1,984.62 12 SMBC Group 1,954.78 13 Citigroup Inc. 1,951.16 14 Wells Fargo 1,927.26 15 Mizuho Financial Group 1,874.89 16 Banco Santander 1,702.61 17 Société Générale 1,522.05 18 Barclays 1,510.14 19 Groupe BPCE 1,501.59 20 Postal Savings Bank of China 1,467.31 21 Deutsche Bank 1,456.26 22 Bank of Communications
    [Show full text]
  • Annual Report 2015 1 Chairman’S Statement
    ANNUAL2015 REPORT CONTENTS 2015 IN BRIEF THIS IS SEB Cover Chairman’s statement 2 KEY FIGURES President’s statement 3 2015 2014 STRATEGY Macro environment 4 Operating income, SEK m 44,148 46,936 Strategy 6 Operating profi t, SEK m 20,865 23,348 Overall targets 10 Return on equity, per cent 12.2 15.3 Value creation 12 Earnings per share, SEK 7.57 8.79 CUSTOMER SEGMENTS Proposed dividend, SEK 5.25 4.75 Large corporations 14 Financial institutions 16 Common Equity Tier 1 capital ratio, per cent 18.8 16.3 Companies 18 Leverage ratio, per cent 4.9 4.8 Private individuals 20 Liquidity Coverage Ratio (LCR), per cent 128 115 STAKEHOLDERS SEB’s employees 22 SEB in society 24 Shareholders and the SEB share 26 IMPORTANT EVENTS REPORT OF THE DIRECTORS IN 2015 FINANCIAL REVIEW OF THE GROUP Result and profi tability 29 Financial structure 32 SEB’s divisions 36 High volatility in asset prices and FX rates increased customer demand for SEB’s geographic markets 39 hedging and risk management services substantially throughout the year. RISK, LIQUIDITY AND CAPITAL MANAGEMENT Risk, liquidity and capital management 40 CORPORATE GOVERNANCE The number of initial SEB revised its long-term vision and Corporate governance 46 public off erings in the established a three-year plan for 2016–2018. Board of Directors 48 Nordic region was record- Group Executive Committee 54 Remuneration report 58 high but demand for Several European countries experienced Internal control over fi nancial reporting 60 other corporate negative interest rates and the Swedish The regulatory framework 61 transactions and large central bank lowered the repo rate during the Defi nitions 62 corporate credits was low.
    [Show full text]
  • Annual Report 09
    Annual General Meeting The Annual General Meeting will be held on Tuesday 11 May, 2010 at 14 p.m. (Swedish time) at City Conference Centre, Stockholm. Notices convening the General Meeting including an agenda for the Meeting will be published in the major Swedish daily newspapers and on www.sebgroup.com on Tuesday 6 April 2010. Shareholders wishing to attend the Annual General Meeting shall – both be registered in the shareholders’ register kept by Euroclear Sweden AB on Wednesday 5 May, 2010, at the latest Elanders • Gidén and SEB • Printing: Tomas Joachim Lundgren, AB • Photos: SEB and Intellecta Communication Production: Annu – and notify the Bank in writing under address Skandinaviska Enskilda Banken AB, A l report l AGM, Box 7832, SE-103 98 Stockholm, or by telephone 0771-23 18 18 between 9.00 a.m. and 4.30 p.m. in Sweden or, from abroad, at +46 771 23 18 18 or via Internet on the home page of the Bank, www.sebgroup.com, 2009 on Wednesday 5 May, 2010, at the latest. Dividend The Board proposes a dividend of SEK 1.00 for 2009. Addresses Head Office Divisions Group Executive Committee Merchant Banking Life Postal Address: SE-106 40 Stockholm Postal Address: SE-106 40 Stockholm Postal Address: SE-106 40 Stockholm Visiting Address: Kungsträdgårdsgatan 8 Visiting Address: Kungsträdgårdsgatan 8 Visiting Address: Sergels Torg 2 segr 0028 2010.03 Telephone: +46 771 62 10 00 Telephone: +46 771 62 10 00 Telephone: +46 771 62 10 00 +46 8 22 19 00 (management) Retail Banking Baltic Postal Address: SE-106 40 Stockholm Postal Address: SE-106 40
    [Show full text]