SEB Nordic Outlook
37
Strong capital position vs. requirements
SEB's CET1 and total capital position vs requirements
Per cent, 30 September 2021
23.0
Tier 2
20.2
640bps
1.1
AT1
1.7
17.9
1.5
13.8
2.5
0.1
1.5
MDA level
4.0
2.5
20.2
0.1
CET1
1.8
4.0
1.2
8.0
4.5
CET1 capital
CET1 capital
requirement
Total capital
Total capital
requirement
I Minimum requirement
P2 requirement
â– Systemic risk
Actual
Capital conservation buffer P2 guidance
| Countercyclical buffer
The minimum requirement for total capital can be met by max 1.5% AT1 and 2.0% Tier 2 capital. The P2
requirement of 1.8% consists of 1.2% in CET1, 0.2% in AT1 (~11% of the P2 requirement) and 0.4% in Tier
2 capital (~23% of the P2 requirement)
As of 30 September 2021
SEB's CET1 capital buffer of 640 bps (including proposed further
ordinary dividend and share buyback program), compared to target
buffer of 100-300 bps
Leverage ratio at 4.6% (4.8). The requirement is 3.0% and new, as of
30 Sept 2021, is a Pillar 2 guidance on top of 3.0% that amounts to
0.45%
Regulatory development
+1.3% increase in capital requirement as of 30 Sept 2021 due to
introduction of a Pillar 2 guidance (P2G, +1.5%) and removal of the
Pillar 2 requirement for the corporate maturity floor
Countercyclical buffer for Sweden to be raised to 1% in September
2022, and gradually to 2% thereafter
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