Corporate presentation

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SBAB Bank in brief• Two business areas

- Retail (including lending to tenant-owner associations)- Corporate

• 410 employees

• Offices in Stockholm, Karlstad, Malmö and Gothenburg

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Retail business

• Three main operations:– Retail market– Partners– Tenant-owner associations

• SBAB Bank offers two types of savings accounts with straightforward terms and conditions for private individuals.

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Corporate business

• Types of funding– Refinancing, acquisition loans, framework agreements

and letters of credit– Various funding/collateral solutions

• Investments– SBAB account, savings account and special deposit

accounts

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Distribution channelsRetail Business Area

• Internet and telephone

• Partnerships– Estate agents– Banks

• Local customer teams for tenant-owner associations with offices in Stockholm, Gothenburg and Malmö

Corporate Business Area

• Local customer teams with offices in Stockholm, Gothenburg and Malmö

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Partnerships

• Sparbanken Öresund

• Sparbanken Syd

• ICA Banken

• Bättre Bolån

• Ikano Bank

• ERA Bolån

• Folksam

• Plus Bolån

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Funding

Moody’s Standard & Poor’s

Rating, long-term funding SBAB Bank

A2 A+

Rating, short-term funding SBAB Bank

P - 1 A - 1

Rating SCBC Aaa AAA

Despite a turbulent financial market, SBAB Bank is wellfunded and has favourable liquidity.

To reduce the bank’s liquidity risk, SBAB Bank took a proactive approach to the pre-funding of maturing debtduring 2011. This strengthened SBAB Bank’s liquidity and reduced its refinancing risk.

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Results for full-year 2011

• Net interest income amounted to SEK 1,618 million (1,762). • Operating profit totalled SEK 464 million (785). • Loan losses remained low and amounted to SEK 8 million (losses: 40).

• The deposit volume rose to SEK 8.8 billion (6.1).• The lending volume was stable at SEK 248.1 billion (249.1).• SBAB Bank’s market share amounted to 9.1% (9.6).• Liquidity risk remained low and the maturity of the bank’s funding was further

extended.

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Distribution of the loan portfolio by property type

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Significant events

• Carl-Viggo Östlund assumed the position of CEO on 1 March 2012. Former CEO Eva Cederbalk stepped down from her position on 20 December 2011.

• The Annual General Meeting on 19 April 2012 elected Ebba Lindsö and Christer Åberg as new Members of SBAB Bank’s Board of Directors.

• On 24 April 2012, SBAB Bank was authorized by the Swedish Financial Supervisory Authority to conduct securities operations in the form of a permit to receive and forward orders in fund units.

• SBAB Bank has decided to reduce and streamline its credit operations for corporate customers to enable a future sale of this part of the business.