Swedish lender SEB AB’s profit from lending slightly exceeded estimates in the third quarter, helped by lower funding costs, growth in volumes and currency effects.
Net interest income in the period fell 7.5% from a year ago to 10.42 billion kronor ($1.1 billion), the Stockholm-based lender said in a report Thursday. Analysts polled by Bloomberg had forecast that the metric, which captures the difference the bank earns from lending and pays for deposits, would total 10.21 billion kronor.