SEB: Interim Report Jan-March 2003
SEB (Other OTC:SVKEF):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 basis -- 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).