SEB's operating profit decreased compared to the same period last year as interest rates have fallen.
The profit of 10.1 billion kronor was, however, clearly above market expectations.
The so-called net interest income, i.e. how much the bank earns on the difference between lending and borrowing rates, fell significantly, while the bank's net commission income went in the opposite direction.
Competitor Swedbank announced last week that it proposes an increased dividend policy from 50 to 60-70 percent.
SEB chooses a different path. The proposed dividend of 8.50 kronor plus an extra dividend of 3.00 kronor is at the same level as last year and lower than market expectations.
The bank has, however, simultaneously received approval for the repurchase of shares for 10 billion kronor until the end of January 2026. Such measures traditionally drive up the share price.
