October 25, 2018 / 5:14 AM / a month ago

SEB Q3 profit beats forecast

STOCKHOLM, Oct 25 (Reuters) - Swedish banking group <SEB reported third-quarter operating earnings above market expectations on Thursday, boosted by an uptick in lending demand from large corporations.

SEB’s operating profit in the quarter rose to 5.59 billion Swedish crowns ($613.9 million), beating a mean forecast for 5.37 billion in a Reuters poll of analysts and compared with 5.38 billion in the year-ago period. ($1 = 9.1054 Swedish crowns) (Reporting by Johan Ahlander; editing by Niklas Pollard)

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