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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
 Dec 2025Oct 2025Jun 2025Mar 2025Dec 2024Sep 2024
Total assets in the cover pool, SEKbn1 122.71 110.71 107.51 115.41 108.71 108.2
Number of borrowers973 039980 135985 793991 5651 000 0601 008 420
Number of properties660 821665 261669 006672 845678 222683 707
Average loan size, SEK691 488688 884686 465684 126683 100679 117
Number of loans outstanding1 573 7571 577 4971 580 0571 581 0031 591 6301 604 382
Over-collateralisation level179%182%188%186.5%213.9%220.2%
Weighted Average LTV (property level)52% 52%52%52%52%52%
Average seasoning, months86 8584848382
Type of loans in the pool
 Dec 2025Oct 2025Jun 2025Mar 2025Dec 2024Sep 2024
Residentials91.5%92.4%92.3%91.4%92.3%82.2%
of which Single-family housing56.1%56.8%56.7%56.1%56.8%56.7%
of which Tenant owner rights23.5%23.6%23,6%23.3%23.4%23.4%
of which Tenant owner associations7.5%7.5%7.5%7.4%7.4%7.4%
of which Multi-family housing4.4%4.5%4.5%4.6%4.7%4.7%
Public0.2%0.2%0.2%0.3%0.3%0.3%
Commercial0.7%0.7%0.8%0.8%0.9%0.9%
Forest & Agricultural4.5%4.5%4.6%4.5%4.6%4.7%
Geographic distribution (more granular in PDF)
 Dec 2025Oct 2025Jun 2025Mar 2025Dec 2024Sep 2024
North6.7%6.7%6.8%6.8%6.8%6.8%
Middle (including Stockholm)45.7%45.6%45.5%45.2%45.1%45.0%
South (including Gothenburg and Malmoe)47.6%47.7%47.7%48.0%48.1%48.2%
Interest rate fixings
(distribution by refixing period as percentage of total cover pool)Dec 2025Oct 2025Jun 2025Mar 2025Dec 2024Sep 2024
Fixed interest rate period <= 90 days666564646462
Fixed interest rate period >1Y with reset <=1Y161615151718
Fixed interest rate period >1Y with reset >1Y181921211920
Repayment structure, on property level
 Dec 2025Oct 2025Jun 2025Mar 2025Dec 2024Sep 2024
Amortising77%77%77%77%77%77%
Interest only23%23%23%23%23%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
 Dec 2025Oct 2025Jun 2025Mar 2025Dec 2024Sep 2024
Rating of the Covered bond programme (S&P/Moody's)AAA/AaaAAA/AaaAAA/AaaAAA/AaaAAA/AaaAAA/Aaa
Total outstanding amount, nominal, SEKm¹402 681393 391385 156389 343353 196346 132
Weighted average maturity period37 months38 months40 months35 months34 months38 months
FX distribution - SEK80%79%78%76%78%78%
FX distribution - EUR20%21%22%24%22%22%
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