SEB SA (SEBF.PA)
7 Aug 2020
Thu, Jul 23 2020
July 23 French household equipment maker Groupe SEB reported better-than-expected quarterly revenue on Thursday, as the easing of coronavirus lockdowns fuelled demand, chiefly in the Europe, Middle East and Africa region and in China.
STOCKHOLM Quarterly profits at Handelsbanken and SEB fell less than expected as the Swedish banks coped with the economic hit from the COVID-19 pandemic, although SEB saw a spike in provisions for bad loans.
STOCKHOLM, July 15 Quarterly profits at Handelsbanken and SEB fell less than expected as the Swedish banks coped with the economic hit from the COVID-19 pandemic, although SEB saw a spike in provisions for bad loans.
STOCKHOLM Sweden's financial watchdog on Thursday fined lender SEB 1 billion crowns ($107.11 million) for failures in compliance and governance in relation to anti-money laundering controls in the Baltics.
* Shares up around 4% after the fine (Adds context, analyst quote, share price)
* GROUP ESTIMATES A REVENUE LOSS OF AROUND EUR 200 MILLION FOR Q2, RATHER THAN EUR 450 TO EUR 500 MILLION ANNOUNCED IN APRIL
* Q1 OPERATING RESULT FROM ACTIVITY: EUR 18M, VERSUS. EUR 138M IN Q1 2019
* ANNOUNCED ON WEDNESDAY: UPDATE ON THE IMPACT OF COVID-19 ON THE GROUP
STOCKHOLM, March 24 Two of Sweden's top banks, SEB and Handelsbanken, said on Tuesday they were evaluating their proposed dividends for 2019, after Sweden's financial watchdog called for the shareholder payouts to be cancelled due to the coronavirus outbreak.
STOCKHOLM, March 19 Swedish bank SEB said on Thursday it would postpone its annual general meeting adding that the board would evaluate the dividend proposal for 2019.