Stockholm 23 October 2025
SEB's operating profit for the third quarter 2025 amounted to SEK 9.7bn, with a return on equity of 14.0 per cent, a CET1 capital ratio of 18.2 per cent, and a capital buffer of 360 basis points.
"We reported a solid result in a seasonally slower and less volatile market. Net interest income increased marginally, and net flows of assets under management continued to be positive. The customer activity in Corporate & Investment Banking was slower due to the summer months, although Investment Banking showed resilience," says SEB's President and CEO Johan Torgeby.
In Sweden, the economy remained subdued, with household consumption remaining weak. Given an expansionary monetary policy and expectations of a more active fiscal policy in 2026, the economic outlook for Sweden has improved.
"In this environment, SEB has an important role to play in supporting our customers with responsible advice and access to capital," says Johan Torgeby.
| Income statement | |||||||||||||
| Q3 | Q2 | Q3 | Jan-Sep | Full-year | |||||||||
| SEK m | 2025 | 2025 | % | 2024 | % | 2025 | 2024 | % | 2024 | ||||
| Total operating income | 18 664 | 19 559 | -5 | 20 908 | -11 | 58 045 | 61 901 | -6 | 81 887 | ||||
| Total operating expenses | 7 921 | 7 982 | -1 | 7 718 | 3 | 24 144 | 22 260 | 8 | 30 949 | ||||
| Net expected credit losses | 203 | 295 | -31 | 393 | -48 | 1 161 | 509 | 128 | 886 | ||||
| Imposed levies | 822 | 882 | -7 | 979 | -16 | 2 668 | 3 158 | -16 | 4 009 | ||||
| Operating profit | 9 719 | 10 400 | -7 | 11 818 | -18 | 30 072 | 35 974 | -16 | 46 043 | ||||
| NET PROFIT | 7 677 | 8 253 | -7 | 9 454 | -19 | 23 754 | 28 373 | -16 | 35 865 | ||||
| Return on equity, % | 14,0 | 15,0 | 17,0 | 14,1 | 17,2 | 16,2 | |||||||
| Basic earnings per share, SEK | 3,87 | 4,13 | 4,63 | 11,89 | 13,80 | 17,51 | |||||||
This disclosure contains information that SEB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 23-10-2025 06:30 CET.
For further information, contact:
Christoffer Malmer, CFO
+46 771 62 10 00
Pawel Wyszynski, Head of Investor Relations
+46 70 462 2111
pawel.wyszynski@seb.se
Petter Brunnberg, Head of Media Relations & External Communication
+46 70 763 5166
petter.brunnberg@seb.se
SEB is a leading northern European financial services group with international reach. We exist to positively shape the future with responsible advice and capital, today and for generations to come. By partnering with our customers, we want to be a leading catalyst in the transition to a more sustainable world. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, we have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in our presence in more than 20 countries worldwide, with around 19,000 employees. At 30 September 2025, the Group's total assets amounted to SEK 4,033bn while assets under management totalled SEK 2,820bn. Read more about SEB at sebgroup.com.