SEB’s operating profit was 5.229 million in the third quarter. It can be compared with the expected 4.740 million, according to SME direkt.
Net interest income in line with expectations
SEB’s kärnintäkter in the form of net interest income and commission income during the third quarter was more or less in line with expectations in the SME Direkt analytikerenkät.
SEB’s net interest income amounted to 4.657 million during the past quarter (4.683), compared with 4.647 million the quarter before. The SME Direkt consensus was on a net interest income of 4.719 million.
The customer-driven net interest income increased by sek 29 million compared with the second quarter.
” On the lending side, contributed to both volumes and margin positively by sek 200 million. It was offset mainly by lower margins on deposits, which decreased net interest income by sek 170 million,” writes SEB.
net interest income from other activities decreased by sek 19 million from the quarter before. Myndighetsavgifterna, including the resolution and insättningsgarantiavgifter, amounted to sek 349 million, which was approximately the same as the second quarter.
net fee and commission income amounted to 4.048 million during the second quarter, against sek 4,074 million in the preceding quarter. The SME Direkt consensus low at 4.014 million.
“The uncertainty affected activity levels overall. Stock markets, however, rose slightly in the third quarter, which led to commissions from the capital and depåförvaltningen increased by sek 52 million compared with the second quarter,” writes SEB.
The results – and transaction-based revenues amounted to sek 21 million (20).
net fee and commission income from life insurance operations amounted to sek 268 million (250).
“the Card and payment commissions increased slightly compared with the second quarter, but compared with last year, the cards commissions lower because of the authorities’ restriction of mellanbanksavgifter,” writes SEB.
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