SEB about a fifth of its operating a packet in the Baltics, where accommodation losses are rising as money-making growth stalls and the fortune market slumps. Income.

Oct. 23 (Bloomberg) -- , the second-largest bank in the Baltic region, said third-quarter of advantage slumped 51 percent after turbulence in monetary markets sad commission return and losses on severe loans in Estonia, Latvia and Lithuania rose. Net proceeds dropped to 1.51 billion kronor ($191 million), from 3.09 billion kronor a year earlier, the Stockholm-based lender said today in a statement. That missed the customary 1.72 billion-krona viewpoint of seven analysts surveyed by Bloomberg.

Loan losses jumped almost fourfold to 725 million kronor. SEB about a fifth of its operating further in the Baltics, where advance losses are rising as monetary flowering stalls and the quality hawk slumps. Estonia's principal bank expects unpunctual loans to almost paired to as much as 4 percent of total number praise as the country's briefness contracts through 2009 on slowing native requisition and weaker epidemic growth. ''SEB is surface an bad quarter,'' , an analyst at D. Carnegie & Co., wrote in an Oct. 16 note.

The target ''will be on talent distinction and any cost-cutting measures to moderate the cause of a weakening income,'' he added. Sweden's biggest banks would come through even if the hinterlands and the go of the world knowledge a ''deep'' recession, with loan losses rising to as much as 8 percent in the Baltics and to 2 percent in Sweden, the Swedish economic regulator said Oct. 15. While Swedish banks avoided the worst of the acknowledge crisis, the interbank lending bazaar dried up after the cave in of Lehman Brothers Holdings Inc. in September. That unnatural Sweden on Oct. 20 to bail as much as 1.5 trillion kronor to attest to interbank loans as responsibility of a wider stabilization plan.

It may also corrupt stakes in banks, if needed.

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