The Estonian business of the Swedish financial provider SEB earned a profit of EUR 22.9 million in the third quarter of 2017, which is a 17.4% increase over the same period last year, when the bank reported a profit of EUR 19.5 million.
The operating income of SEB Estonia in the third quarter was EUR 36.8 million, while the operating income in the same period last year reached EUR 33.2 million.
Operating expenses increased by 1.5% to EUR 14 million, the company said. SEB lowered its loan provisions in the third quarter by EUR 200,000.
The operating profit of SEB in the third quarter grew by 5.3% YoY, to EUR 558.4 million.
The group’s operating income in the third quarter fell by 2.6%, to EUR 1.2 billion. (ERR/Business World Magazine)
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