2Q: SEB reports 9.42bn KR net profit, ahead of expectations; net interest income down 2.3%.
Sweden's Skandinaviska Enskilda Banken (SEB) reported a 2Q net profit of 9.42 billion kronor ($888.6m), down from 9.77 billion a year earlier but ahead of analyst expectations. Net interest income fell 2.3% to SEK11.61bn, but improved business momentum helped offset the drop. SEB's overall ambition is to grow earnings per share and reach a long-term aspirational target.
July 16, 2024
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