SEB Bank Estonia announced a net profit of nearly €94mn for the first half of 2024. SEB Bank Group ended H1 2024 with a profit of €93.9mn, down from €113.3mn in H1 2023. Operating revenues were €183.1mn, up from €169.5mn in H1 2023, SEB said in a statement. Operating expenses rose to €42.9mn from €37.2mn in H1 2023. Net expected credit losses were reduced by €4.4mn, a reversal from an increase of €0.05mn in H1 2023. Income tax accounted for €50.7mn, significantly higher than €18.1mn in H1 2023. Allan Parik, chairman of SEB Bank’s management board, noted a surge in economic activity among indiv…