First Quarter 2022 Investor Presentation
35
55
High credit quality over time-credit-impaired loans declining from
Covid-peak
Total ECL allowances by stage
SEK bn
Credit loss level
%
8.2
7.0 8.3
7.5
6.1
7.2 7.0 6.6
5.8 5.0
3.6
3.5 3.5 3.4 3.7
4.5
4.0
5.3
1.4
1.6 1.8
1.6
1.6
1.4
1.4
1.5
1.7
1.2
0.8
0.8
୮
T
T
T
0.9 0.8 0.9 0.9
0.9
1.3
0.8
1.7
1.8
1.3 1.4
1.4 1.2 1.2
1.7 1.7
1.2 1.2
1.7
1.4
1.4
1.8
T
T
T
T
Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar
2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022
Stage 1
■Stage 2
Stage 3
Credit-impaired loans
0.96%
Stage 3 loans, gross, SEK bn
0.86%
0.87%
0.77%
0.64%0.65%.670.71
0.71%
0.68%
0.62%
0.58%
0.56%
0.51%.50%.50%
0.53%
0.42%
9.1 8.4 8.3 8.2 9.5 10.9 11.2 11.4 12.9 14.9 16.8 14.9 13.6 12.1 11.2 9.8 8.3
Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar
2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022
Stage 3 loans, gross
-Stage 3 loans as % of total loans, gross
2007
0.92
Baltic crisis
0.30
0.15
0.11
0.08 0.09 0.09
0.06 0.07
0.05 0.06
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
IAS39
0.10
IFRS9
0.26
0.02
Q1 2022
Average
annual CLL
2007-21
0.15%
0.08
Excl. Baltics
0.09%
SEBView entire presentation