SEB Nordic Outlook

32 Robust household mortgage portfolio SEB's household mortgage lending growth vs total market SEK bn 20% 15% 10% 5% 0% 201012 201212 201412 201612 201812 202012 SEB lending (RHS) SEB growth YoY Market growth YoY Low LTVs by global and regional standards 30 September 2021 Loan-to-value Share of portfolio 400 >85% 71-85% 51-70% 0% • 1% 9% 200 田 0-50% 90% Weighted average LTV = 50.5% • • • • Selective origination - mortgage lending based on affordability Strong customer base: According to UC AB (national credit information agency), SEB's customers have higher credit quality than market average and are over- proportionally represented in higher income segments. Customers are also concentrated to larger cities High asset quality - negligible past dues and losses Strict credit scoring and assessment Strengthened advisory services - "sell first and buy later" Affordability assessment (funds left to live on post all fixed costs and taxes) includes stressed interest rate scenario of 6% on personal debt and 3% on a housing co-op's debt which indirectly affects the private individual ("double leverage") Amortisation requirement: LTV 70-85% loans amortise min. 2%/year and between 50-70% at least 1%/year. As of 2018, loans with DTI>4.5x amortise an additional percentage point-regulatory requirement. Amortisation exemption due to Covid-19 lifted per August 2021 Max loan amount: 85% LTV cap since 2011. In general 5x total gross household income irrespective of LTV and no more than one payment remark on any kind of debt SEB

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