Q4 2024 Skandinaviska Enskilda Banken AB Earnings Call Transcript

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Jan 29, 2025

Jan 29, 2025 / 08:00AM GMT
Johan Torgeby - Skandinaviska Enskilda Banken AB - President, Chief Executive Officer, Director

Good morning, and welcome to this closing of the books for 2024 earnings call. As always, we will run through the PowerPoint presentation that we have posted on our website. Going to highlights, we have seen increased customer activity within Corporate and Investment Banking, still called Large Corporate & Financial Institutions division and some healthy customer activity with loan growth in the Baltics. Both costs and capital came in as planned for our full year targets.

The cost target for 2025 is set at SEK33 billion, which will enable us a fair balance between incorporation of AirPlus, reinvesting in the business, acknowledging some higher inflation rates going forward, compensated by continuation of extract efficiencies and productivity gains within the group. The Board has proposed to the AGM an ordinary dividend of SEK8.50 per share, combined with a special dividend of an additional SEK3 per share. And we've also announced the intention and the share buyback program for the full year of 2025

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