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

Cover pool data

Cover pool summary	Sep 2019	Jun 2019	Mar 2019	Dec 2018	Sep 2018
Total assets in the cover pool, SEKbn	990.3	984.4	976.1	968.0	959.8
Number of borrowers	1 101 420	1 106 373	1 111 816	1 115 299	1 118 058
Number of properties	744 054	747 097	750 085	751 947	753 043
Average loan size, SEK	615 425	610 986	605 693	599 915	594 881
Number of loans outstanding	1 609 172	1 611 092	1 611 524	1 613 517	1 613 370
Over-collateralisation level	77.4	80.8	89.4	102.3	98.6
Weighted Average LTV (property level)	51%	52%	51%	51%	51%
Average seasoning, months	69	68	68	67	67

Type of loans in the pool	Sep 2019	Jun 2019	Mar 2019	Dec 2018	Sep 2018
Residentials	92.2%	92.2%	92.2%	92.4%	92.6%
of which Single-family housing	56.8%	56.7%	56.8%	57.0%	57.0%
of which Tenant owner rights	21.7%	21.7%	21.5%	21.5%	21.3%
of which Tenant owner associations	8.9%	9.0%	9.1%	9.1%	9.4%
of which Multi-family housing	4.8%	4.8%	4.8%	4.8%	4.9%
Public	0.6%	0.6%	0.6%	0.6%	0.5%
Commercial	1.2%	1.1%	1.0%	0.8%	0.8%
Forest & Agricultural	6.0%	6.1%	6.2%	6.2%	6.1%

Geographic distribution	Sep 2019	Jun 2019	Mar 2019	Dec 2018	Sep 2018
(more granular in pdf)
North	6.8%	6.7%	6.6%	6.5%	6.5%
Middle (including Stockholm)	43.8%	43.9%	43.8%	44.0%	44.0%
South (including Gothenburg and Malmoe)	49.4%	49.4%	49.6%	49.5%	49.5%

Interest rate fixing, floating / fixed	Sep 2019	Jun 2019	Mar 2019	Dec 2018	Sep 2018
Floating (reset in < 365 days)	68.1%	68.2%	67.9%	68.6%	70.5%
Fixed, reset period 1-2 Y	10.8%	11.1%	11.3%	11.8%	11.1%
Fixed, reset period 2-5 Y	19.7%	19.3%	19.4%	18.1%	16.9%
Fixed, reset period > 5 Y	1.4%	1.4%	1.4%	1.5%	1.5%

Repayment structure, on property level	Sep 2019	Jun 2019	Mar 2019	Dec 2018	Sep 2018
Amortising	73%	72%	71%	71%	70%
Interest only	27%	28%	29%	29%	30%
Dynamic pool	YES	YES	YES	YES	YES
Non-performing loans 1) (see pdf. for split of loans past due 0-60 days)	None	None	None	None	None
1) Loans past due > 60 days are not eligible for the cover pool

Covered bonds	Sep 2019	Jun 2019	Mar 2019	Dec 2018	Sep 2018
Rating of the Covered bond programme (S&P / Moody's)	AAA/Aaa	AAA/Aaa	AAA/Aaa	AAA/Aaa	AAA/Aaa
Total outstanding amount, nominal, SEKm 1)	558 125	544 434	515 345	478 371	483 194
Weighted average maturity period	39 months	42 months	42 months	42 months	44 months
FX distribution
SEK	68%	67%	68%	69%	68%
EUR	27%	28%	27%	26%	26%
USD	1%	2%	2%	2%	2%
Other	4%	3%	3%	3%	4%
1) FX-rate as per trade date; Gross outstanding amount, i.e. including intra-group holdings.

National transparency template (pdf)

National template Q3 2019
National template Q2 2019
National template Q1 2019
National template Q4 2018
National template Q3 2018
National template Q2 2018
National template Q1 2018
National template Q4 2017
National template Q3 2017
National template Q2 2017
National template Q1 2017
National template Q4 2016
National template Q3 2016
Read more

National transparency template (excel)

Q3 2019 National template
Q2 2019 National template
Q1 2019 National template
Q4 2018 National template
Q3 2018 National template
Q2 2018 National template
Q1 2018 National template
Q4 2017 National Template
Q3 2017 National Template
Q2 2017 National Template
Q1 2017 National Template
Q4 2016 National template
Q3 2016 National template
Read more

Cover pool

ECBC Covered Bond Label

Harmonised Transparency Templates

(pdf)

(excel)

Cover pool data

National transparency template (pdf)

National transparency template (excel)

Historical cover pool data (pdf)

Historical cover pool data (excel)

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