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SEB posts rising profit, sets new capital targets

2015-01-29 08:40:40| Appliances - Topix.net

Skandinaviska Enskilda Banken AB Thursday set out new capital targets, raised its dividend and reported a 35% rise in fourth quarter net profit, driven by higher fee and commission income and lower credit losses. Net profit at the Stockholm-based bank rose to 5.69 billion Swedish kronor in the three months ending Dec. 31, up from 4.22 billion kronor in the year-earlier quarter.

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