"Operating profit was robust in a quarter characterised by increased
uncertainty. Operating income grew five per cent compared to a year ago," says
Annika Falkengren, SEB's President and CEO, commenting on the third quarter
2012 result.

"We have continued to focus on our three strategic growth areas: the Nordic and
German corporate franchise, Swedish SMEs and long-term savings. We can now
leverage these scalable platforms as we have gained 276 new large corporate
customers and almost 30,000 new Swedish SME customers since the expansion
started in 2010."

"SEB's already strengthened balance sheet has improved further. Liquidity
reserves amount to 22 per cent of the total assets and all funding maturing in
2012 has been replaced at lower funding costs. The level of net credit losses
was 6 basis points and non-performing loans have decreased every quarter since
the end of 2009. Capital ratios in all dimensions - old or new regulatory
frameworks - have increased since 2009."

"The organic growth strategy and derisking of the balance sheet have reduced
volatility and contributed to good stability in the businesses. For customers,
the importance of a customer-centric and financially strong bank increases as
the outlook for the real economy gets more uncertain and the regulatory
framework is yet to be finalised. Resilience and flexibility remain key guiding
principles to us in SEB."

Profit before credit losses amounted to SEK 4.1bn (SEK 3.7bn the third quarter
2011).

Operating income amounted to SEK 9.7bn, up 5 per cent compared to the third
quarter 2011. Operating expenses, at SEK 5.6bn, were 1 per cent higher than the
third quarter 2011.

Provisions for credit losses amounted to SEK 186m, corresponding to a net credit
loss level of 6 bps.

Net profit amounted to SEK 2.9bn (2.8 third quarter 2011).

The liquidity coverage ratio was 154 per cent, the core liquidity reserve
amounted to SEK 352bn and the total liquid resources were SEK 524bn. The core
Tier 1 capital ratio was 16.5 per cent (13.7 at year-end).

Download Annika Falkengren's presentation

Download Factbook



 For further information, please contact
 Jan Erik Back, CFO, +46 8 22 19 00
 Ulf Grunnesjö, Head of Investor Relations,
 +46 8 763 85 01; +46 70 763 85 01
 Viveka Hirdman-Ryrberg, Head of Corporate
 Communication, +46 8 763 85 77, +46 70 550 35 00


-------------------------------------------------------------------------------
 SEB is a leading Nordic financial services group. As a relationship bank,
 SEBin Sweden and the Baltic countries offers financial advice and a wide range
 of financial services. In Denmark, Finland, Norway and Germany the bank's
 operations have a strong focus on corporate and investment banking based on a
 full-service offering to corporate and institutional clients. The
 international nature of SEB's business is reflected in its presence in some
 20 countries worldwide. At 30 September 2012, the Group's total assets
 amounted to SEK 2,402 billion while its assets under management totalled
 SEK 1,271 billion. The Group has around 17,000 employees. Read more about
 SEBat www.sebgroup.com.
 

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