SEB, Swedbank see record negative OCI

- By Joshua Walker
- 02 Feb 2024

A decline in the value of defined benefit pension plans at two Swedish banks lowered their other comprehensive income (OCI) in the fourth quarter of 2023.

Skandinaviska Enskilda Banken (SEB) reported a negative OCI of Skr2.9 billion ($275 million) at the end of December – the highest ever reported by the bank. OCI losses accounted for Skr1.2 billion in the three months to end-September.

Swedbank

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