Skandinaviska Enskilda Banken AB (publ) (SVKEF) Q2 2026 Earnings Call Transcript

Skandinaviska Enskilda Banken AB (publ) ( SVKEF ) Q2 2026 Earnings Call July 15, 2026 2:30 AM EDT Company Participants Johan Torgeby - President, CEO & Director Christoffer Malmer - Chief Financial Officer Conference Call Participants Andreas Hakansson - Nordea Markets, Research Division Magnus Andersson - ABG Sundal Collier Holding ASA, Research Division Sofie Caroline Peterzens - Goldman Sachs Group, Inc., Research Division Namita Samtani - Barclays Bank PLC, Research Division Martin Ekstedt - Handelsbanken Capital Markets AB, Research Division Shrey Srivastava - Citigroup Inc., Research Division Riccardo Rovere - Mediobanca - Banca di credito finanziario S.p.A., Research Division Jacob Kruse - Bernstein Autonomous LLP Presentation Operator Good day, and thank you for standing by. Welcome to the SEB Financial Results Q2 2026 Conference Call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Johan Torgeby, President and CEO. Please go ahead. Johan Torgeby President, CEO & Director Good morning, and welcome to Summer in Stockholm to SEB's Second Quarter Financial Results Presentation. Starting with the highlights for the second quarter, we once again established positive jaws, where income grew faster than costs reflecting a very strong business momentum that we've experienced during the quarter. We noted a new high for our net fee and commission income, supported by high customer activity and we definitely saw some change to the demand for borrowings, including an acceleration of corporate lending growth. A few events during the quarter that I'd like to highlight. First, after the 7% increase Q-on-Q for our asset under management, we broke the notable number SEK 3,000 billion for the first time. Our corporate bank in Germany continues to develop very positively. And now we are ranked as the third most a.