Assets Public Report for the 4 th quarter 2011 Balance Sheet and Memorandum items 31/12/2011 31/12/2010 Group Bank Group Bank LVL 000 LVL 000 LVL 000 LVL 000 Cash and demand deposits with central banks 227 999 227 999 429 153 429 153 Demand deposits with credit institutions 160 974 160 923 39 358 39 230 Held-for-trading investments 27 475 27 939 28 946 29 349 Available-for-sale investments 20 601 20 555 54 994 54 947 Loans 1 873 024 1 772 292 1 907 419 1 812 801 Held-to-maturity investments 241 066 241 066 190 837 190 780 Prepaid expense and accrued income 2 352 1 957 2 693 2 219 Investment properties 10 035 5 202 13 449 5 770 Intangible fixed assets 2 783 2 736 4 175 4 111 Investments in subsidiaries and associates - 3 527-3 527 Tax assets 10 542 10 176 21 530 21 049 Other assets 32 388 31 584 25 024 24 546 Assets classified as held for sale - - 393 563 Total assets 2 609 239 2 505 956 2 717 971 2 618 045 Liabilities Liabilities to central banks - - - - Demand deposits from credit institutions 59 339 59 339 204 352 204 352 Held-for-trading financial liabilities 16 569 16 570 14 397 14 398 Financial liabilities at amortised cost 2 220 865 2 134 803 2 245 972 2 159 465 Deferred income and accrued expense 10 151 9 475 11 354 10 585 Provisions on off-balance sheet liabilities to customers and guarantees 311 311 3 165 3 165 Tax payable 698-683 - Other liabilities 11 819 7 716 10 121 8 456 Liabilities classified as held for sale - - 35 - Total liabilities 2 319 752 2 228 214 2 490 079 2 400 421 Shareholders equity 289 487 277 742 227 892 217 624 Total liabilities and shareholders equity 2 609 239 2 505 956 2 717 971 2 618 045 Memorandum items Contingent liabilities 79 989 79 989 68 194 68 194 Liabilities to customers 302 295 292 519 207 886 195 931
Income statement 2011 2010 Group Bank Group Bank LVL 000 LVL 000 LVL 000 LVL 000 Interest income 84 934 80 070 90 999 85 304 Interest expense (34 922) (33 646) (42 897) (42 006) Income from dividends 3 1 899 2 1 200 Commission and fee income 29 373 26 787 28 177 25 403 Commission and fee expense (10 215) (10 469) (9 721) (9 868) Net profit / (loss) from available-for-sale investments - - 226 226 Net profit / (loss) from held-for-trading investments 715 894 (351) (192) Profit from foreign exchange trading and revaluation 8 739 8 739 8 521 8 489 (Loss) / profit from derecognition of property, plant and equipment, investment properties and intangible assets (434) (345) (867) (467) Other income 4 631 1 266 5 434 1 635 Other expense (1 315) (1 163) (209) (209) Administrative expense (35 747) (33 174) (38 380) (35 479) Depreciation (5 710) (3 500) (7 043) (4 098) Allowances for credit losses 31 656 31 881 (25 337) (25 261) Impairment losses (714) (696) (437) (407) Corporate income tax (10 352) ( 9 741) (3 456) (4 440) (Loss) / gain on disposal of assets held for sale (34) 328 1 105 (99) Net (loss) / profit for the year 60 608 59 130 5 766 (269)
Key ratios of the Group and the Bank 2011 2010 Group Bank Group Bank Return on equity (ROE) (%) 31.25% 23.23% 2.83% -0.14% Return on assets (ROA) (%) 2.34% 2.37% 0.21% -0.01% Securities portfolio's analysis for the Group and the Bank As at 31.12.2011 SEB banka investments in portfolio, the total book value of which exceeds 10% of the Bank s Shareholders Equity by all representatives of separate country, was only Latvia State Government bonds. The issuer Latvia Trading Investment available for sale Group Total LVL 000 LVL 000 LVL 000 Central government 6 199 19 280 25 479 Credit institutions 5 016 46 5 062 Total 11 215 19 326 30 541 The issuer Latvia Trading Investment available for sale Bank Total LVL 000 LVL 000 LVL 000 Central government 6 199 19 280 25 479 Credit institutions 5 016-5 016 Total 11 215 19 280 30 495 Risk analysis Basic risk analysis principles of AS SEB banka can be found in the Bank s Internet home page chapter Risk Analysis and Control : http://www.seb.lv/en/about/for-investors/risk/
Shareholders and participation in paid-in share capital Paid-in share capital (LVL thous.) % of total paid-in share capital Skandinaviska Enskilda Banken AB 102 106 100% Total 102 106 100%, the issued and paid-in share capital was divided into 102 106 thousand ordinary shares with equal voting rights. All shares of the Bank have a par value of LVL 1 each. The Supervisory Council Management of AS SEB banka Name, Surname Knut Jonas Martin Johansson Mark Barry Payne Stefan Stignas Carl Stefan Davill Ted Tony Kylberg Position Chairman of the Council Deputy Chairman of the Council Member of the Council Member of the Council Member of the Council The Board of Directors Name, Surname Ainārs Ozols Ieva Tetere Jūrate Lingiene Gunnar Karlsson Indrek Julge Position Chairman of the Board / President Member of the Board (Deputy Chairman of the Board) / Vice President Member of the Board / Finance director Member of the Board Member of the Board Bank s organisational structure Information on organisation structure of AS SEB banka can be found in the Bank s Internet home page chapter Structure : http://www.seb.lv/en/about/us/structure/ Information on list of branches of AS SEB banka can be found in the Bank s Internet home page chapter Client Service Centers : http://www.seb.lv/en/about/us/locations/branches/
Vision, Mission, Strategy Information on Vision, Mission & Strategy of AS SEB banka can be found in the Bank s Internet home page chapter Vision, Mission, Strategy : http://www.seb.lv/en/about/us/mission/ Ratings SEB banka as a member SEB Group has no separate credit ratings; see SEB Group credit ratings in web page. http://www.seb.lv/en/about/for-investors/ratings/
Composition of the Consolidation Group as at 31 December 2011 Name of company, identification number Country of domicile, registration address Company type Portion of holding in share capital (%) Portion of voting rights in the company (%) Motivation for inclusion in the group AS "SEB banka", reă.nr.40003151743 SIA "SEB līzings", reă.nr.50003334041 IP AS "SEB Wealth Management", reă.nr.40003525797 AS "SEB atklātais pensiju fonds", reă.nr.40003485047 LV, "SEB finanšu centrs", Valdlauči, Meistaru iela 1, Ėekavas pagasts, Ėekavas novads, LV-1076 LV, Krasta iela 105a, Rīga, LV- 1019 LV, Krasta iela 105a, Rīga, LV- 1019 LV, Pils iela 23, 103.kab., Rīga, LV-1050 BNK - - MAS CFI 100% 100% MS IPS 100% 100% MS PFO 100% 100% MS *BNK bank, IPS investment management company, PFO pension fund, CFI other financial institution. ** MS subsidiary company, MAS parent company.
Information about capital requirements Capital requirements 2011.12.31 LVL 000 Group Bank Credit risk IRB approach: Institutions 5 789 5 757 Corporates 104 274 99 980 Other retail exposures 27 256 27 254 Total credit risk IRB approach 137 319 132 991 Credit risk Standardised approach: Central governments and central banks 0 0 Local governments and authorities 316 287 Retail 2 321 204 Past due items 225 5 Other exposure classes 3 498 3 719 Total credit risk Standardised approach 6 360 4 215 Total market risk Standardised approach 4 954 564 Operational risk Advanced Measurement approach 8 879 8 296 Summary Credit risk 143 679 137 206 Market risk 4 954 564 Operational risk 8 879 8 296 Total 157 512 146 066 Additional requirement according to transitional flooring 0 0 Total regulatory capital requirement 157 512 146 066