Diversified revenue base and entrenched franchise in core business areas; Improving cost efficiency and risk-adjusted pricing; and Low provisioning requirements and stable asset quality. Still-significant exposure to the weak German banking market where SEB is underperforming relative to group financial targets; Despite considerable progress, the group still has a higher cost base than regional peers. Low interest rates will continue to be a challenge for revenue generation in the short term. The ratings on Skandinaviska Enskilda Banken AB (SEB) reflect the successful defense of the group's core franchise in corporate banking as well as the group's heightened attention to risk-adjusted earnings. Moreover, the retail business in Sweden has been revitalized and is contributing positively to group performance. All of this,
