Strategy 2030: Investments to Future-Proof SEB
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Strong capital position vs. requirements
SEB's CET1 and total capital position vs requirements
%, 30 Sep 2022
340bps
21.6
●
410bps
18.1
Tier 2
AT1
1.7
18.2
1.8
1.0
14.0
2.5
0.6
1.0
MDA
2.5
4.0
0.6
CET1
18.1
2.0
4.0
1.4
8.0
4.5
CET1 capital
CET1 capital
ratio
requirement
Total capital
ratio
Own funds
requirement
•
Minimum requirement
Systemic risk
P2 guidance
P2 requirement
Capital conservation buffer
Countercyclical buffer
CET1 capital buffer of 410bps above regulatory requirement
and P2G, compared to target management buffer of 100-
300bps
CET1 capital requirement at 14.0% (13.8)
•
P2R increased to 2.0% (1.8) while P2G lowered to 1.0%
(1.5)
Countercyclical buffer for Sweden raised to 1.0% in
September 2022; to be raised to 2.0% in June 2023
Leverage ratio at 4.3% (4.3). The requirement and P2G is
3.45%
The minimum requirement for total capital can be met by max 1.5% AT1 and 2.0% Tier 2 capital. The P2 requirement of 2.0% consists of 1.4% in CET1, 0.2% in AT1 (~10% of the P2R) and 0.5% in Tier 2 capital (~23% of the P2R)
Other decided countercyclical buffers include: Norway from 1.5% to 2.0% in Q4 2022 and 2.5% in Q1 2023; Denmark from 0% to 1.0% in Q3 2022, to 2.0% in Q4 2022 and to 2.5% in Q1 2023; Lithuania from 0% to 1.0% in Q4 2023; Estonia from 0%
to 1.0% as of Q4 2022; the UK from 0% to 1.0% in Q4 2022 and to 2.0% in Q4 2023.
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