2. Organisation
President &
CEO
Annika Falkengren
Group Credits & CFO Group IT
Group Risk Control
Johan Andersson Jan Erik Back Ulf Thorstensson
Business
Support &
Compliance HR & Org. Dev. Group Operations
Group Staff
Gent Jansson Ingrid Engström Pia Warnerman
Bo Magnusson,
Deputy CEO
Internal Audit Group Strategy & Group Staff
Business Dev.
Agneta Brevenhag* Hans Larsson Bo Magnusson
Merchant Retail Banking Wealth Life Baltic
Banking Management
Magnus Carlsson Mats Torstendahl Fredrik Boheman Anders Mossberg Martin Johansson
* Reports directly to the Board
4. Retail Sweden in short
Retail Sweden - Strong performance
Attractive customer base
– sustained growth in SME
and affluent segment
Proven earnings capacity
– 4% income growth H1-09 vs. H1-08
– Mortgage volumes +6% since year start
Competitive profitability
– 19% RoE in first half of 2009
Innovative product offerings
– Enkla firman, SME product of the year
Healthy credit quality
– Credit losses in H1
manageable: SEK 185m
5. Retail Sweden, H1 2009
SEK m Jan – Jun 2009 2008 Highlights
Total income 3,231 4% Both the SME and mass affluent
Interest, net 2,344 6% segment has continued to develop
well during 2009
Commission, net 727 -4%
– 2,800 net new SME customers
Total expenses -2,034 4%
– 1,400 net new mass affluent customers
Importance of lending is growing
Profit bef. credit losses 1,197 3%
– Increasing margins and sustained
Credit losses, net -185 462% growth in lending volumes,
Operating profit 1,012 -10% not least in mortgages
– Sharply falling margins and limited
RoE, % 19.0 22.0 growth in deposit volumes
C/I 0.63 0.63 Although higher than previous year, credit
loss-level is still reflecting good credit
quality
Total lending 322,500 6%
Total deposits 155,000 4%
13. Credit loss level
Retail Sweden: H1 2009
Component Total: Credit loss level
185 MSEK
Other loans to
private individuals 56 bps
Mortgage loans to 0.4 bps
private individuals
Loans to 28 bps
corporates
Note: Including specific and collective provisions. Losses and loss level in relation to on and off balance exposure. Annualized rate.
14. Stabilising economy Improve customer
but long and winding experience &
road to recovery satisfaction
SEB well positioned Grow SME – not only
to support our the micro segment
customers and
develop the business Strengthen remote
in core areas channels (e.g. OITR)
Swedish Retail is one Leadership & employee
of these core areas development