SEB’s Net Interest Income Beats Estimates on Lending Growth

Sweden’s largest lender by market value, SEB AB, posted better-than-expected profit from lending thanks to continued growth in loan and deposit volumes.

While net interest income in the period shrank nearly 12% from a year ago, to 10.3 billion Swedish kronor ($1.1 billion), it nevertheless exceeded analyst expectations. The bank’s net income of 8.25 billion also beat estimates for the quarter.