April 27, 2017 / 5:19 AM / 3 months ago

Swedish bank SEB Q1 operating profit beats forecast

1 Min Read

STOCKHOLM, April 27 (Reuters) - Swedish banking group SEB reported first-quarter operating profit above expectations on Thursday boosted by strong customer trading and liquidity management.

SEB's operating profit in the quarter rose to 5.53 billion Swedish crowns ($631.34 million) beating a mean forecast for 5.04 billion in a Reuters poll and compared with 1.46 billion loss in the year-ago period. ($1 = 8.7591 Swedish crowns) (Reporting by Johan Ahlander; Editing by Simon Johnson)

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