First Quarter 2022 Investor Presentation
71
Baltic
SEB in the Baltics
# FTEs
# offices
# customers
Operating profit as % of total group
Credit exposure as % of total credit portfolio
Credit portfolio growth
EUR bn
Second largest bank in terms of lending market share in the Baltic region
Estonia
Latvia
Lithuania
17%
Other
25%
33%
1,065
1,968
2,832
10%
22%
Luminor
15
22
22
20%
26%
29%
SEB
486,000
464,000
877,000
21%
4%
2%
5%
39%
26%
31%
Swedbank
2.6%
1.3%
2.9%
Estonia
Latvia
Lithuania
Source: Estonian Financial Supervision Authority, Association of Latvian Commercial Banks, Association of Lithuanian
Banks, Q3 2021
Strong development of profitability and efficiency
SEK bn
15
Business equity
Return on business equity
C/I
0.62
5
5
5
5
6
6 6
7
7
8 8
0.52
0.50 0.50 0.51
10
9
9
9
9
9
10
11
11
11
11
11
0.44 0.41 0.39 0.40 0.40
24.4% 22.6% 24.5%
0.35
5
2012
2013
2014 2015 2016 2017
2018
2019 2020
2021 Mar
12.9% 14.5%
18.6% 19.3%
23.5%
16.8% 22.3%
9.7%
2022
0
Corporate & property mgmt
Households
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022
2020: Business equity increased due to updated credit risk models in Q1
2011-2018: Excluding Real Estate Holding Companies
2011: Write-back of provisions of SEK 1.5bn
SEBView entire presentation