Delivered solid Q3 2025 results in a seasonally slower quarter, with stable financial markets, resilient investment banking, and increased capital markets activity late in the quarter.
Net profit for Q3 2025 was SEK 7,677m, down 7% sequentially and 19% year-over-year, with return on equity at 14.0%.
Continued SEK 2.5bn share buyback program per quarter, reflecting strong capital position.
Launched a consortium with major European banks to explore a euro-denominated stablecoin, targeting 2027.
Progressed with over 130 internal AI projects, investments in compute capabilities, and joined an AI factory consortium with NVIDIA.
Net profit for Q3 was SEK 7,677m, with a return on equity of 14.0%.
Net interest income for Q3 was SEK 10,418m, up 1% sequentially but down 8% year-over-year.
Net fee and commission income was SEK 6,287m, up 4% year-over-year but down 6% sequentially.
Operating income for Q3 was SEK 18,664m, down 11% year-over-year and 5% from Q2.
Net expected credit losses at SEK 200–203m (3 bps), reflecting stable asset quality.
Updated FX-adjusted full-year cost target to SEK 32.6bn, with a +/- SEK 300m range due to AirPlus integration.
Net interest income expected to bottom out 3–6 months after the last rate cut, with further pressure anticipated in Q4 and Q1.
Full-year guidance for imposed levies raised to SEK 3.6bn.
Financial targets unchanged: 50% payout ratio, management capital buffer of 100–300 bps above regulatory minimum, and long-term ROE aspiration of 15%.
Business plan for 2025–2027 focuses on business growth, technology, and efficiency, with continued investment in digitalisation and AI.
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Skandinaviska Enskilda Banken (SEB), headquartered in Stockholm, Sweden, is a prominent financial institution in Northern Europe, providing a comprehensive range of banking services to individuals, corporations, and institutions. With a history dating back to 1856, SEB has built a strong reputation for stability and expertise in financial operations, and they're known for its comprehensive solutions for small and medium-sized businesses. Today, SEB plays a crucial role in the Nordic economy, serving as a significant conduit for investments and financial transactions both within the region and internationally.
SEB can trace its roots back to 1856 by André Oscar Wallenberg, a significant figure in Sweden's economic development during the latter half of the 19th century. The bank was created with the aim of supporting Sweden's burgeoning industrial sector, aiding in the transformation of the country's agrarian economy into a modern industrial one. Over its long history, SEB has weathered multiple financial crises and geopolitical upheavals, both surviving and thriving through these. The bank’s history is characterized by a desire to improve and innovate, something that can be exemplified by its role in introducing ATMs in Sweden during the 1960s and its early adoption of Internet banking in the late 1990s.
In the current Nordic economy, SEB holds a significant position as a key financial service provider, offering an extensive array of banking and financial services, including savings and loans, investments, insurance, and pension products. Its clientele is diverse, ranging from private individuals and small businesses to large corporations and institutions. As one of the largest banks in the Nordic region, SEB plays a substantial role in facilitating commerce and financial transactions, contributing to the region's economic growth and stability. This is however not something that they’re alone in, and some competitors operating in the region include names like DNB, Nordea, and Danske Bank.
SEB has gained a reputation as one of the most attractive options for banking for small and medium-sized businesses. SEB offers a comprehensive suite of banking services for entrepreneurs, including business accounts, loans, and insurance services. Moreover, the bank provides specific tools and resources for startups, such as guidance on business development and access to a vast network of industry contacts.
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