Swedish bank, SEB reports better that expected profit


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Tuesday, 03 May 2011
Banking group SEB reported an operating profit of Skr4.374 million for the first quarter of 2011.
That compares to profit of Skr1.287 million the corresponding periods of 2010.
Analysts according to various consensuses has expected on a profit of Skr4.049 million.


Net interest income rose to Skr4.261 million from Skr3.542 million. Net commission income rose to Skr3.503 million from Skr3.194 million.
Total revenues amounted to Skr9.672 million, compared with Skr8.735 million the same period the year before.
Costs rose to Skr5.841 million from Skr5.631 million.
By Team

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