Q4 2023 Financial Update
Credit portfolio and asset quality
Continued robust credit quality
Stable asset quality
Stage 2 and 3 gross loans, SEK bn
ECL allowances by stage and Stage 3 coverage ratio 1
SEK bn
Stage 3 loans, gross
Stage 2 loans, gross
Stage 1
Stage 3
Stage 2
-Coverage ratio, Stage 3
58% 57% 55%
53%
52%
48%
45%
72.5 61.7
40%
76.4
70.1
62.1 69.4 66.2 70.2 71.0
40%
4.1 3.8 3.4
3.4 3.2 3.6
5.8
1.7 1.8
2.1
3.4
7.5
2.3 2.5
5.3
1.7
1.4
1.6 1.2
2.8 2.8
2.5 2.3
1.9
14.9
8.2
11.4
9.8 6.8 6.4 6.0
5.7
7.6
0.8 0.8 1.2
1.4
Dec Dec Dec Dec Dec Mar Jun Sep Dec
2018 2019 2020 2021 2022 2023 2023 2023 2023
Dec Dec Dec Dec Dec Mar Jun Sep
2018 2019 2020 2021 2022 2023 2023 2023 2023
Sep Dec
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1 The stage 3 ECL coverage ratio decreased from 52.1 per cent to 40.2 per cent quarter-on-quarter. The decrease is mainly explained by an inflow of volumes with export credit agency
guarantees implying a lower ECL coverage ratio.
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