Strategy 2030: Investments to Future-Proof SEB
31
Robust credit quality over time.
Total ECL allowances by stage
Credit loss level
SEK bn
58%
59%
55%
56%
%
48%
45%
40%
3.4
7.5
5.8
5.0
5.1
5.1
5.3
1.6
1.4
1.7
1.4
1.6
1.6
1.2
0.8
0.8
1.2
1.4
1.8
2.0
2.3
0.92
Baltic crisis
Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Stage 1
Stage 2
Stable asset quality
Stage 2 and 3 loans, gross, SEK bn
Stage 3
0.30
Coverage ratio, Stage 3
72.5
70.1
61.7
62.1
63.8
66.9
72.7
8.2
11.4
14.9
9.8
8.3
8.8
Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Stage 3 loans, gross
Stage 2 loans, gross
8.7
0.15
0.11
2007
2008
2009
2010
0.08 0.09 0.09
0.06 0.07
0.05 0.06
2011
2012
2013
2014
2015
2016
IAS39
0.10
2017
2018
2019
2020
0.26
Average
annual CLL
2007-21
0.15%
IFRS9
0.02
0.07
Excl.
Baltics
YTD 2022
0.09%
SEBView entire presentation