Access to the funding and liquidity markets is vital in all circumstances. SEB’s funding and liquidity strategy is managed from three perspectives:
- optimising the liquidity structure of the balance sheet to ensure that less liquid assets are matched with stable funding
- monitoring wholesale funding dependence, and
- ensuring that the bank has sufficient liquidity reserves to withstand a severely stressed scenario
SEB’s funding consists of deposits from customers as well as long-term and short-term funding in the financial markets. SEB’s long-term funding structure and maturity profile is described below.
Long-term funding raised, SEK bn, 30 June 2023
Long-term funding maturity profile, SEK bn, 30 June 2023
|30 June 2023|
|Mortgage covered bonds, SEK||52||54||53||53||36||12||1||3||264|
|Mortgage covered bonds, non-SEK||12||0||34||16||25||0||0||0||87|
|Subordinated debt **||10||9||0||5||5||0||0||0||29|
* Excluding public covered bonds.
** Tier 2 and Additional Tier 1 issues assumed to be called at first call date.
As part of its wholesale funding, SEB issues covered bonds through the parent company, Skandinaviska Enskilda Banken AB (publ), which are secured by Swedish residential mortgages.
In a world with ever-increasing awareness on climate concerns, the green bond raises industry engagement by encouraging investments in sustainable projects, processes and technologies.
Visiting address: SEB, Kungsträdgårdsgatan 8, Stockholm, Sweden
Switchboard: 0771-62 10 00, from abroad: +46 771 62 10 00
Pawel Wyszynski, Head of Investor Relations +46 70 462 21 11
Philippa Allard, Senior Debt Investor Relations Officer +46 70 618 83 35
Per Andersson, Senior Investor Relations Officer +46 70 667 74 81
Amelie Blecher, Debt Investor Relations Officer +46 70 462 21 96
Malin Schenkenberg, Senior Investor Relations Officer +46 70 763 95 31