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SEB Q2 Profit Rises - Quick Facts

SEB (SVKEF) reported net profit to shareholders of SEK 3.8 billion in the second quarter of 2013, compared to SEK 3.0 billion last year. Earnings per share were SEK 1.72, up from SEK 1.35 reported last year. Return on equity in the quarter was 14.0 percent.

Net interest income totalled SEK 4.7 billion, compared to SEK 4.5 billion, and net fee and commission income was SEK 3.8 billion, compared to SEK 3.4 billion last year.

Annika Falkengren, SEB's President and CEO, commented: "second quarter result is a testimony to the investments we have made over the past years in our franchise and broader customer base. SEB has continued to attract customers in all markets. We have further added to our strong capital ratios and at the same time improved return on equity."

by RTTNews Staff Writer

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