SEB net interest income exceeds estimates in first quarter

6 articles · Updated · Bloomberg · Apr 29

SEB AB reported net interest income of 10.24 billion Swedish kronor for Q1 2026, surpassing analyst expectations of 10.1 billion kronor despite a 6% year-on-year decline.
The stronger-than-expected result was driven by growth in corporate lending volumes, helping offset the overall decrease in net interest income compared to the previous year.
SEB's performance highlights resilience in its core lending business amid changing market conditions, as Swedish banks navigate evolving interest rate environments and shifting corporate demand.

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