The Estonian business of Swedish financial provider SEB earned a profit of €22.9 million in the third quarter of 2017, which is a 17.4 percent increase over the same period last year, when the bank reported a profit of €19.5 million.
The operating income of SEB Estonia in the third quarter was €36.8 million, while the operating income in the same period last year reached €33.2 million.
Operating expenses increased by 1.5 percent to €14 million, the company said. SEB lowered its loan provisions in the third quarter by €200,000.
The operating profit of SEB in the third quarter grew by 5.3 percent on year to €558.4 million.
The group’s operating income in the third quarter fell by 2.6 percent on year to €1.2 billion.
Editor: Dario Cavegn