SEB - first Nordic bank approved for applicatio...

Finansinspektionen, the Swedish Financial Supervisory Authority, has
together with authorities in eight other European countries granted
SEB the approval to apply AMA for determining the capital requirement
for operational risk. Thus, SEB became one of the first banking
groups in Europe and the first Nordic banking group to receive this
major stamp of quality.

- This is an important evidence of the Group's quality work with
processes. You only get this approval after an in-depth review of all
your processes. We've shown the regulators of all the countries we
work in that we apply the highest risk management standards possible
and that we apply them uniformly across departments and borders.",
says Per-Arne Blomquist, CFO.

The new capital adequacy framework (Basel II) offers three different
methods for determining the capital requirement for operational
risks. The most advanced of these methods is the Advanced Measurement
Approach, AMA, which requires supervisory approval. Different to the
other two more simplistic methods, AMA embeds the bank's own risk
methods and data reflecting risk profile of the institutions and its
operational risk management.

Finansinspektionen has also concluded its review of SEB's internal
capital adequacy assessment process (ICAAP), which is an important
part of the new capital adequacy framework (Basel II).
Finansinspektionen writes in its decision that SEB has sufficient
capital in relation to the risks the Group is exposed to.



SEB is a North European financial group serving some 400,000
corporate customers and institutions and five million private
individuals. SEB has a local presence in the Nordic and Baltic
countries, Germany, Ukraine and Russia, and a global presence through
its international network in another ten countries. On 31 December
2007, the Group's total assets amounted to SEK 2,344bn while its
assets under management totalled SEK 1,370bn. The Group has about
20,000 employees. Read more about SEB at www.sebgroup.com.
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For further information, please contact:
Per-Arne Blomquist, CFO, [phone]
Ulf Grunnesjö, Head of Investor Relations, [phone], +46
(0)70 763 8501