SEB Nordic Outlook

31 Real estate exposure is c. 13% of non-bank credit portfolio and is focused on Nordic commercial real estate and Swedish residential real estate Real estate management credit portfolio by division SEK bn Large Corporates & Financial Institutions division Corporate & Private Customers division Baltic division Real estate management portfolios by geography 30 September 2021 Residential real estate exposure: SEK 150bn Average LTV YE 2020: 46.5%: 32% Residential real estate 339 336 320 Germany 294 295 286 259 261 257 243 247 220 11% 12% 15% 12% 7% 17% 9% 11% 21% Commercial real estate 30% 21% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Sep 2021 Commercial real estate exposure: SEK 186bn Average LTV YE 2020: 45.5%: Sweden Other Nordic Germany Sweden Other Nordic Baltics Germany & other SEB

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