
SEB, a major Swedish bank, reported first-quarter earnings for 2025 that slightly exceeded expectations. The bank's revenue reached SEK19.82 billion, surpassing the estimated SEK19.27 billion, while net interest income was SEK10.47 billion against an estimate of SEK10.36 billion. Fee & Commission Income was SEK6.71 billion, above the expected SEK6.44 billion. However, net income fell short at SEK7.82 billion compared to the anticipated SEK7.95 billion. SEB's operating profit was SEK9.95 billion, closely aligning with the forecast of SEK9.94 billion. Operating expenses were SEK4.60 billion, slightly below the estimate of SEK4.62 billion. The bank's CET1 ratio stood at 17.5%, indicating a strong capital position. Despite the overall positive financial performance, SEB experienced higher credit losses than anticipated, reflecting challenges in the economic environment. The bank benefited from lower borrowing costs on wholesale funding. CEO Johan Torgeby highlighted the bank's robust capital position, describing SEB as one of the most well-capitalized banks in Europe. In the broader market context, the Stockholm Stock Exchange saw a decline, with the OMXS30 index dropping by 0.7%. This downturn was influenced by significant losses in companies like Electrolux, which fell nearly 18%. In contrast, Swedbank and Saab managed to rise against the market trend.




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