Operating result for the second quarter 2008: S...

Operating profit for January-June 2008: SEK 5.9bn

SEB's operating result for the second quarter of 2008 amounted to SEK
3,507m, up by 46 per cent compared with the previous quarter and 23
per cent below the second quarter of last year.

Operating income at SEK 10,403m was 18 per cent higher than the
previous quarter and 3 per cent lower than the same period last year.
Valuation effects in the fixed-income investment portfolio were
limited at SEK -66m over income and SEK -56m over equity, a sharp
contrast to previous quarters. Asset quality in this portfolio
remains strong.

Operating expenses at SEK 6,445 was 7 per cent up on the previous
quarter and 10 per cent up compared with the same period 2007.

Net credit losses at SEK 452m reflects mostly the higher credit loss
level in Estonia.

SEB's operating results for the first six months of 2008 amounted to
SEK 5,917m.

SEB's President and Group Chief Executive Officer Annika Falkengren
comments on today's interim report: "It is satisfying to note that we
in a quarter marked by renewed financial turbulence can present an
income level just second to our all-time high. Our strong capital
base and liquidity position provide continued opportunities to
long-term grow our business and thus to be offensive in overall
defensive markets."

The whole interim report is available under the attached link, and at
www.sebgroup.com.


SEB is a North European financial group serving some 400,000
corporate customers and institutions and five million private
individuals. SEB offers universal banking services in Sweden, Germany
and the Baltic countries - Estonia, Latvia and Lithuania. It also has
local presence in the other Nordic countries, Poland, Ukraine and
Russia and a global presence through its international network in
another ten countries. On 30 June 2008, the Group's total assets
amounted to SEK 2,304bn while its assets under management totalled
SEK 1,295bn. The Group has about 22,000 employees. Read more about
SEB at www.sebgroup.com.
_____________________________________________
For further information, please contact:
Per-Arne Blomquist, CFO, [phone]
Ulf Grunnesjö, Head of Investor Relations, [phone]; +46
70 763 85 01
Annika Halldin, Financial Information Officer, [phone]; +46
70 379 00 60

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http://hugin.info/136036/R/1236256/263709.pdf


http://hugin.info/136036/R/1236256/263710.pdf