SEB third quarter profit reaches SEK 3,916m
Operating profit was robust in a quarter characterised by increased uncertainty. Operating income grew five per cent compared to a year ago, says Annika Falkengren, SEB's President and CEO, commenting on the third quarter 2012 result.
We have continued to focus on our three strategic growth areas: the Nordic and German corporate franchise, Swedish SMEs and long-term savings. We can now leverage these scalable platforms as we have gained 276 new large corporate customers and almost 30,000 new Swedish SME customers since the expansion started in 2010. SEB's already strengthened balance sheet has improved further. Liquidity reserves amount to 22 per cent of the total assets and all funding maturing in 2012 has been replaced at lower funding costs.