SEB reported first quarter net profit of 7.82 billion Swedish kronor, down 18% from a year ago. Basic earnings per share was 3.89 kroner compared to 4.60 kroner. Total operating profit was 9.95 billion kronor, down 19%.
The company noted that the announcement of new trade tariffs led to notable market turbulence at the beginning of the second quarter.
"SEB is one of the most well-capitalised banks in Europe, with a strong liquidity position. This makes us well-positioned against unforeseen events and enables us to continue supporting our customers and the economy at large," said Johan Torgeby.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.