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SEB: Interim Report Jan-March 2003


 Result supported by lowest cost level since 1999

 -- Operating result(a) SEK 1,792 M, 5 per cent lower than Q1 2002 on
     comparable basis
 -- Total income SEK 6,579 M, a decrease of 5 per cent on comparable
 -- Total costs SEK 4,551 M, down by 5 per cent on comparable basis
 -- Annualised costs further reduced to SEK 19.5 billion
 -- Credit losses remained at low level
 -- Return on equity 10.9 per cent (12.4) and earnings per share SEK
    1.81 (1.98)
 -- Strong sales in the Group's retail divisions.

(a) Includes pension compensation of SEK 161 M (294). Statutory operating profit (excluding pension compensation) amounted to SEK 1,631 M (1,722).

 More detailed information is presented on www.seb.net. The "Additional
 information" includes:
 Appendix 1     SEB Trygg Liv
 Appendix 2     Credit exposure
 Appendix 3     Capital base for the SEB financial group of undertakings
 Appendix 4     Market risk

 Operational Profit & Loss Account quarterly performance nine quarters 

 -- The SEB Group 
 -- Bridge between present and previous accounting principles 
 -- The Divisions and business areas 
 -- Revenue split 
 -- One-off items

 Statutory Profit & Loss Account etc 

 -- The SEB Group 
 -- Skandinaviska Enskilda Banken

 Further information is available from: 
 Gunilla Wikman, Head of Group Communications
 +46 8 763 81 25
 mobile +46 70 763 81 25 
 Per Anders Fasth, Head of Group Investor Relations
 +46 8 763 95 66

 Financial information during 2003:

 13 February 2003         Annual Accounts 2002
 9 April 2003             Annual General Meeting
 8 May 2003               Interim Report January-March
 14 August 2003           Interim Report January-June
 22 October 2003          Interim Report January-September

This interim report has not been reviewed by the Auditors of the Bank.

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:


Interim report Jan-March 2003


Additional Information