SEB IM suffers drop in operating profit – but grows AUM and has positive net sales

The bank's fund unit sees net sales turn positive for the first time in a year. Its assets under management also grew by almost 7 percent from the end of the first quarter.

Photo: PR/SEB

SEB has grown its total group AUM from 2,243bn (EUR 219.6bn) to SEK 2,401bn (EUR 235.1bn). This is shown in the second quarter figures published by the bank on Thursday morning.

Of that growth, SEK 133bn (EUR 13bn) is attributed to a value change and SEK 25bn (EUR 2.44bn) to net inflows, according to the quarterly report.

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