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SEB profit surges on higher income, one-off gains

2014-10-23 10:50:34| Appliances - Topix.net

Swedish lender Skandinaviska Enskilda Banken AB Thursday reported a 46% surge in third-quarter net profit on higher net interest income and one-time gains, but cautioned that a more subdued business climate is starting to weigh on credit demand. Net profit at the Stockholm-based bank rose to 5.47 billion Swedish kronor on a 9% increase in net interest income to 5.17 billion kronor and 2.18 billion kronor in net other income, stemming from one-time capital gains from the sale of shares in MasterCard Inc. and a number of closed venture capital deals.

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