Skandinaviska Enskilda Banken AB (MIL:1SEBA) Net Charge Offs to Average Loans % : 0.00% (As of . 20)

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What is Skandinaviska Enskilda Banken AB Net Charge Offs to Average Loans %?

Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

The historical rank and industry rank for Skandinaviska Enskilda Banken AB's Net Charge Offs to Average Loans % or its related term are showing as below:

MIL:1SEBA's Net Charge Offs to Average Loans % is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

Skandinaviska Enskilda Banken AB Net Charge Offs to Average Loans % Historical Data

The historical data trend for Skandinaviska Enskilda Banken AB's Net Charge Offs to Average Loans % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Skandinaviska Enskilda Banken AB Net Charge Offs to Average Loans % Chart

Skandinaviska Enskilda Banken AB (MIL:1SEBA) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %

Net Charge-offs

Average Total Loans

Skandinaviska Enskilda Banken AB (MIL:1SEBA) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

Skandinaviska Enskilda Banken AB Net Charge Offs to Average Loans % Related Terms

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Skandinaviska Enskilda Banken AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Skandinaviska Enskilda Banken AB (MIL:1SEBA) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

SVKEF:USA SEB C:Sweden SEB A:Sweden SEBAs:UK 0HBY:UK 0GUX:UK SEBA:Germany

Address

Kungstradgardsgatan 8, Stockholm, SWE, SE-106 40

Website

https://www.sebgroup.com

Skandinaviska Enskilda Banken is a Swedish universal bank with a strong focus on the corporate lending sector. The bank operates in the Nordics, the Baltics, Germany, and the United Kingdom but derives the majority of its operating profits from Sweden. SEB specializes in corporate lending, particularly to large corporations. Additionally, it serves large midcorporate and multinational companies, financial institutions, and about small and medium-size enterprises. It also serves about 4 million private customers in Sweden and the Baltics. The bank offers asset management, life insurance, and to a lesser extent private banking services to its clients.

Skandinaviska Enskilda Banken AB Headlines

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