seb interim report january-june 2008

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= = = = pb_=fåíÉêáã=oÉéçêí=g~åì~êóJ=gìåÉ=OMMU= = N = = = = = = = = = = = = = = = Interim report January - June 2008 STOCKHOLM 16 JULY 2008 SEB’s first half year – operating profit SEK 5.9bn (8.7)  Operating profit amounted to SEK 5,917m, a decrease of 32 per cent compared with the corresponding period of 2007. Net profit was SEK 4,657m (6,784).  Net interest income increased by 12 per cent. Net fee and commission income decreased by 13 per cent. Operating income was down 8 per cent; valuation losses on fixed-income securities amounted to SEK 938m.  Operating expenses increased by 7 per cent.  Net credit losses amounted to SEK 820m (514). The credit loss level was 0.15 per cent (0.11).  Return on equity was 12.4 per cent (19.8) and earnings per share SEK 6.80 (10.02). SEB’s second quarter – operating profit SEK 3.5bn (4.6)  Operating profit amounted to SEK 3,507m. Net profit was SEK 2,809m.  High business activity generated income close to all-time high.  Limited valuation losses on fixed-income securities, SEK 66m.  Operating expenses increased by 10 per cent. “Income regained strength in the second quarter due to volume growth and high sales activity. Our investments made for future income generation in combination with the strong capital base and liquidity access provide the stability required for the current environment.” Annika Falkengren 5,21 4,59 5,49 2,70 4,10 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Earnings per share SEK 8,5 8,3 8,6 8,9 8,6 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Core capital ratio Per cent * ====== 0,8 4,6 3,7 3,8 2,4 3,5 Operating profit SEKbn Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 20,7 17,3 20,2 9,6 15,2 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Return on equity Per cent * * Capital gain from sale of Baltic real estate * Basel II transitional rules applied 

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8/14/2019 SEB Interim Report January-June 2008

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