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The SEB reduces the dividend payment, despite the vinstlyft

The total return from the Wallenbergsfärens bank is reduced slightly to a 6:25 per share, or 67 per cent, of the profits. The owners thus have to share at 13.5

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The SEB reduces the dividend payment, despite the vinstlyft

The total return from the Wallenbergsfärens bank is reduced slightly to a 6:25 per share, or 67 per cent, of the profits. The owners thus have to share at 13.5 billion dollars, of the annual general meeting approve the proposal.

last year, a dividend of sek 6.50. Then there was a so-called " extraordinary dividend of 50 cents.

the GROUP's reported operating profit of 7.063 million for the fourth quarter of 2019. That compares with a profit of 5.768 million in the year-earlier period to 2018.

Analysts had on average expected an operating profit of approximately sek 6.6 billion, according to a summary of the forecast from the research firm Refinitiv.

”It was another quarter with a high level of customer activity, and the growth continued in all markets. The bank's diversified business model, continued to be favorable, and we took advantage of the favorable markets,” wrote the bank's president and chief executive officer, Johan Torgeby in a statement.

net interest income, the SEB has made the difference in borrowing and lending during the last quarter of the year, lifted by 14% to 5.930 million, of 5.215 million in the previous year. < / p> 4.989 million, from 4.848 million.

in Total, the revenue in the quarter, 14.089 million for the year, compared with an 11.744 million in the corresponding period of the previous year.

the increase in total Expenses at the same time, to 6.026 million for the year, from 5.561 million. And, the losses were doubled over to the 997 million euros, from a total of 413 million euros.

The so-called rate of return on equity, a profitability measurements, as is common in the industry, raised to 15.5 per cent as against the earlier to 12.4 per cent in the previous year and a 13.2% increase over last year's third quarter.

the Increase in net credit losses was due, according to the BANK, the head of the individual företagsengagemang.

for more information, see the Swedish financial supervisory authority reviews the SEB.

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