Q4 2023 Financial Update

33 35 Credit portfolio and asset quality Conservative approach to real estate lending Real estate exposure mainly in Sweden and Nordics 8% 3% Sweden Other Nordic 14% SEK 364bn ■Baltics 74% Germany & other Closely monitored credit growth SEK bn 200 100 ■Commercial real estate ■Residential real estate 0 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Real estate collateral mainly in residential properties 12% 13% 9% 17% ■Residential (multi-family) Offices ■Logistics/industrial 49% Retail Other Conservative underwriting standards • Group-wide risk tolerance and divisional volume caps for real estate lending Cash-flow based underwriting standards, interest rate stress tests, restrictions on Loan-to-Value and debt service ability (interest coverage ratio) Majority of large clients hedging interest rates (avg. 3-4 years) Professional clients operating in Sweden and Nordics with • diversified property portfolios and funding sources Graphs above exclude exposure to BRF = housing cooperative associations to which SEB's credit exposure amounts to SEK 66bn, average LTV 26.5% SEB SEK 3,040bn 12%

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