Skandinaviska Enskilda Banken AB (publ) (SVKEF) Shareholder/Analyst Call Transcript

SA Transcripts 162.37K Followers Follow Skandinaviska Enskilda Banken AB (publ) ( SVKEF ) Shareholder/Analyst Call September 30, 2026 9:30 AM EDT Company Participants Pawel Wyszynski - Head of Investor Relations Conference Call Participants Andreas Hakansson - Nordea Markets, Research Division Sofie Caroline Peterzens - Goldman Sachs Group, Inc., Research Division Namita Samtani - Barclays Bank PLC, Research Division Presentation Pawel Wyszynski Head of Investor Relations Okay. I believe we have some kind of critical mass. If anyone is not in, there will be a transcript later published on our website. Okay. Welcome to SEB's Q3 2026 Pre-close Call. My name is Pawel Wyszynski, and I head up the Investor Relations team here at SEB. This call is being recorded. The script and recording for this call will be published on SEB's website after the call. We will only answer questions related to all of the disclosed information as well as publicly available data. We will cover rates, key P&L lines, REA and capital followed by Q&A. Please raise your hand to ask a question. Average 3-month STIBOR is down 1 basis points quarter-to-date versus end of Q2. SEB has changed some Swedish lending and deposit rate this quarter, and most rates are available on seb.se. Average 6 months EURIBOR, we have earlier talked about 3 months EURIBOR, but the 6 months is more relevant, is up 23 basis points quarter-to-date compared to Q2. Increased EURIBOR rates affect mainly our Baltic operations and mostly the deposit side. You can find the relevant deposit rates and changes on the domestic SEB websites for each of the 3 Baltic countries. Before turning to the P&L, I just have some FX remarks. The P&L is affected by average FX during the quarter. All else equal, a stronger average SEK leads to lower income and lower costs. The opposite applies for a weaker average SEK.