In the original version of this article, published on Aug. 20, 2004, some of the figures in Table 3 were misstated. A corrected version of the article follows. 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 Sweden-based Skandinaviska Enskilda Banken AB (SEB) reflect the successful defense of the group's core franchise in corporate banking
