10. Client segments affected by central bank activities
Higher corporate Nordic IPO activity…
(Deal value, Jan – Jun 2015,EUR m)
693
626
594
444
439
SEB
Peer 1
Peer 2
Peer 3
Peer 4
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15
SWE 10y SWE 5y
0
200
400
600
800
1,000
1,200
Dec
'09
Jun
'10
Dec
'10
Jun
'11
Dec
'11
Jun
'12
Dec
'12
Jun
'13
Dec
'13
Jun
'14
Dec
'14
Jun
'15
…and Institutional demand for risk mgmt
(Swap interest rates, Bloomberg)
Corporate credit portfolio
(SEK bn)
10
12. The traditional role of a bank has evolved
post-Lehman
12
US Treasury volumes vs. dealer inventory
Indexed to 100 in 2001
50
100
150
200
250
300
350
400
450
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
US Treasuries
outstanding
US Dealer
inventory
Source: DB Research, SIFMA, NY Fed, US Treasury
US corporate bond volumes vs. dealer inventory
Indexed to 100 in 2001
0
100
200
300
400
500
600
700
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
US dealer
inventory
US Corp. Bonds
outstanding
13. Continued resilience and flexibility
13
Net credit loss level 0.06%
NPL coverage ratio 58%
CET1 17.2%
LCR 123%
Liquidity resources ~25%
AssetQualityLiquidityCapital
RoE 12.9%
RoE 14.2%(excl one-off)