In the first quarter of 2003 profit of Unibanka was LVL 2.778 million,

which  is  5,8%  less comparing to respective period in 2002. Operating

result  over  the  period reached LVL 10.027 million, which against the

same period in 2002 grown by 2,4%.

Andris  Berzins,  President of Latvijas Unibanka: "Our achievements are

in  line  with our budget. And again we are step ahead other banks - by

issuing  the  chipcards  and  setting up an infrastructure to use them,

Unibanka is the first who offers the most advanced technologies and the

safest  solutions to the customers in Latvia. For the nearest future we

also  have  plans to finish several projects, which will lead us to the

position as technologically the best-developed bank. And, of course, we

are  focusing  the  most  on  political  situation  around  referendum,

possible   joining  EU  and  EMU  and  its  consequences  for  business

development."

At  the  end  of reporting period Bank's net loan portfolio reached LVL

532.736  million,  which  is  2.3% or LVL 11.388 million more comparing

with the end of previous year. Gross loan portfolio amounted to 543.243

million lats. During first three months amount of Bank's total deposits

increased  by  32.429  million  (+8.4%) and as at end of March were LVL

417.319 million.

Over  the three months Unibanka assets have grown by LVL 10.902 million

and  totalled  LVL  716.880 million as at 31 March 2003. Bank's capital

and reserves were one of the highest in the market and amounting to LVL

72.584 million at the end of the period.

The  SEB  Group  is  a  North  European financial banking group that is

focused  on large companies, institutions and private individuals, with

672  branch  offices  around Sweden, Germany and the Baltic States. SEB

has  more  than  4 million customers, of whom 1.3 million are e-banking

customers.  The  Group  is  represented in some 20 countries around the

world and has a staff of about 20,000.