A Latvian affiliate of SEB Bank Group has announced it earned in the first nine months of this year a profit of €31.4mn in Latvia, which is an 18% drop from the same period a year ago.
The bank said that the group's revenue in the first nine months of this year was €81.8mn which is about the same as last year, while the group's expenses came to €37.7mn, up 1%, year-on-year. Thus, SEB group's profit before provisions were €44mn, down 1% from the respective period last year.
Deposits at SEB Bank’s Latvian branch grew ...
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