{
Seb AB

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}

seb reports lower than expected lending profit amid interest rate cuts

Sweden’s largest bank, SEB AB, reported a 9.7% decline in net interest income for the third quarter, totaling 11.06 billion kronor ($1 billion), falling short of analysts' expectations of 11.31 billion kronor. The drop is attributed to the impact of central banks' interest-rate cuts on the bank's lending profits.
bloomberg.com
Swedish Krona Seb AB SWE
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07:16 24.10.2024
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