SEB Group posts €31.4mn in nine-month profit in Latvia

  • 2020-10-30
  • TBT/BNS staff
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 ...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.

In case you don't have a subscription yet - please visit our SUBSCRIPTION section