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Cover pool

The cover pool consists to more than 90% of residential mortgage loans.

Loan-to-value calculation as defined by the Association of Swedish Covered Bond Issuers www.ascb.se

ECBC Covered Bond Label

Swedbank Mortgage is a member of the ECBC Covered Bond Label Initiative. The labelled covered bonds issued by Swedbank Mortgage can be found on the ECBC Covered Bond Label website.

ECBC Covered Bond Label

Harmonised transparency templates, HTT

PDF

Excel

Cover pool data

Cover pool
 Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024
Total assets in the cover pool, SEKbn1 107.51 115.41 108.71 108.21 113.01 105.2
Number of borrowers985 793991 5651 000 0601 008 4201 015 0331 019 847
Number of properties669 006672 845678 222683 707688 086691 300
Average loan size, SEK686 465684 126683 100679 117676 534672 697
Number of loans outstanding1 580 0571 581 0031 591 6301 600 3821 604 6941 607 993
Over-collateralisation level187.6%186.5%213.9%220.2%196.2%196.6%
Weighted Average LTV (property level)52%52%52%52%53%54%
Average seasoning, months848483828181
Type of loans in the pool
 Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024
Residentials92.3%91.4%92.3%82.2%91.6%92.0%
of which Single-family housing56.7%56.1%56.8%56.7%56.3%56.7%
of which Tenant owner rights23,6%23.3%23.4%23.4%23.3%23.3%
of which Tenant owner associations7.5%7.4%7.4%7.4%7.3%7.3%
of which Multi-family housing4.5%4.6%4.7%4.7%4.7%4.7%
Public0.2%0.3%0.3%0.3%0.3%0.3%
Commercial0.8%0.8%0.9%0.9%0.9%0.9%
Forest & Agricultural4.6%4.5%4.6%4.7%4.7%4.7%
Geographic distribution (more granular in PDF)
 Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024
North6.8%6.8%6.8%6.8%6.8%6.8%
Middle (including Stockholm)45.5%45.2%45.1%45.0%45.0%44.9%
South (including Gothenburg and Malmoe)47.7%48.0%48.1%48.2%48.2%48.3%
Interest rate fixings
(distribution by refixing period as percentage of total cover pool)Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024
Fixed interest rate period <= 90 days646464626156
Fixed interest rate period >1Y with reset <=1Y151517181920
Fixed interest rate period >1Y with reset >1Y212119202024
Repayment structure, on property level
 Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024
Amortising77%77%77%77%77%76%
Interest only23%23%23%23%23%24%
Dynamic poolYESYESYESYESYESYES
Non-performing loans¹
(see PDF for split of loans past due 0-60 days)		NoneNoneNoneNoneNoneNone

¹ Loans past due > 60 days are not eligible for the cover pool

Covered bonds
 Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024
Rating of the Covered bond programme (S&P/Moody's)AAA/AaaAAA/AaaAAA/AaaAAA/AaaAAA/AaaAAA/Aaa
Total outstanding amount, nominal, SEKm¹385 156389 343353 196346 132375 829372 594
Weighted average maturity period40 months35 months34 months38 months35 months33 months
FX distribution - SEK78%76%78%78%79%74%
FX distribution - EUR22%24%22%22%21%26%
FX distribution - USD0%0%0%0%0%0%
FX distribution - Other0%0%0%0%0%0%

¹ FX rate as per trade date; Gross outstanding amount, i.e. including intra-Group holdings.

National transparency templates

PDF

Excel

Cover pool data

PDF

Excel