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SEB profit falls as negative rates bite

2015-10-21 08:47:11| Appliances - Topix.net

Skandinaviska Enskilda Banken AB , the Nordic region's largest corporate lender, reported a bigger-than-expected 38% drop in third-quarter net profit on Wednesday, as negative interest rates and low corporate-deal activity hurt its main revenue lines. Net profit at the Stockholm-based bank fell to 3.4 billion Swedish kronor in the three months ending Sept.

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