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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
 Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
Total assets in the cover pool, SEKbn1 115.41 108.71 108.21 113.01 105.21 103.8
Number of borrowers991 5651 000 0601 008 4201 015 0331 019 8471 024 140
Number of properties672 845678 222683 707688 086691 300694 010
Average loan size, SEK684 126683 100679 117676 534672 697670 859
Number of loans outstanding1 581 0031 591 6301 600 3821 604 6941 607 9931 612 055
Over-collateralisation level186.5%213.9%220.2%196.2%196.6%206.8%
Weighted Average LTV (property level)52%52%52%53%54%53%
Average seasoning, months848382818180
Type of loans in the pool
 Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
Residentials91.4%92.3%82.2%91.6%92.0%92.0%
of which Single-family housing56.1%56.8%56.7%56.3%56.7%57.0%
of which Tenant owner rights23.3%23.4%23.4%23.3%23.3%23.2%
of which Tenant owner associations7.4%7.4%7.4%7.3%7.3%7.2%
of which Multi-family housing4.6%4.7%4.7%4.7%4.7%4.6%
Public0.3%0.3%0.3%0.3%0.3%0.3%
Commercial0.8%0.9%0.9%0.9%0.9%0.9%
Forest & Agricultural4.5%4.6%4.7%4.7%4.7%4.8%
Geographic distribution (more granular in PDF)
 Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
North6.8%6.8%6.8%6.8%6.8%6.8%
Middle (including Stockholm)45.2%45.1%45.0%45.0%44.9%44.9%
South (including Gothenburg and Malmoe)48.0%48.1%48.2%48.2%48.3%48.3%
Interest rate fixings
(distribution by refixing period as percentage of total cover pool)Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
Fixed interest rate period <= 90 days646462615652
Fixed interest rate period >1Y with reset <=1Y151718192020
Fixed interest rate period >1Y with reset >1Y211920202428
Repayment structure, on property level
 Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
Amortising77%77%77%77%76%77%
Interest only23%23%23%23%24%23%
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
 Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
Rating of the Covered bond programme (S&P/Moody's)AAA/AaaAAA/AaaAAA/AaaAAA/AaaAAA/AaaAAA/Aaa
Total outstanding amount, nominal, SEKm¹289 343353 196346 132375 829372 594359 726
Weighted average maturity period35 months34 months38 months35 months33 months34 months
FX distribution - SEK76%78%78%79%74%73%
FX distribution - EUR24%22%22%21%26%27%
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