powerpoint presentation...2020/04/03  · nor ld d dnk u t n r ra t l l l u lva p a t s 1 q 3 2019 a...

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Q4'17 Q2'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19

Total CapitalRatio Q4'19

Total CapitalRequirements

Tier 2

AT1

O-SII buffer

Systemic risk buffer

Countercyclical buffer

Conservation buffer

Pillar 2 add-on

CET1 minimumrequirement

Q4'19 Total assets Total REA* CET1 capital

0.0

1.0

2.0

3.0

4.0

5.0

6.0

2013 2014 2015 2016 2016 2017 2018 2019

Estonia Latvia Lithuania Euro area

Aaa

Aaa

Aaa

Aaa

Aaa

Aa1

Aa1

Aa

2

Aa

2

A1

A2

A2

A2

A3

A3

Baa1

Baa3

Baa3

NO

R

NLD

SWD

DN

K

DEU

AU

T

FIN

GB

R

FRA

EST

IRL

PO

L

ISL

LTU

LVA

ESP

ITA

PR

T

Mo

od

y’s

sove

reig

n c

red

it r

atin

gs1

Deb

t /

GD

P R

atio

(%

) Q

32

01

9

ITA

PR

T

FRA

ESP

Euro

are

a

GB

R

AU

T

IRL

DEU FI

N

NLD

PO

L

LVA

LTU

SWE

NO

R

DN

K

EST

0%

20%

40%

60%

80%

100%

120%

140%

160%

Limited ability to gain exposure through public government debt2

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

2010 2011 2012 2013 2014 2015 2016 2017 2018

Estonia Latvia Lithuania EU Average

-1.00

-0.50

0.00

0.50

1.00

1.50

Jan

-19

Fe

b-1

9

Ma

r-19

Ap

r-19

Ma

y-1

9

Jun

-19

Jul-1

9

Au

g-1

9

Se

p-1

9

Oct-

19

Nov-1

9

Dec-1

9

Jan

-20

Feb-2

0

Latvia 10yr Lithuania 10yr Germany 10yr

Sweden 10yr Finland 10yr Slovakia 10yr

0 bn

20 bn

40 bn

60 bn

80 bn

100 bn

120 bn

140 bn

Finland Sweden Slovakia Lithuania Latvia Estonia

0%

5%

10%

15%

20%

25%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-50

-40

-30

-20

-10

0

10

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Estonia Lithuania Latvia Euro Area

90

100

110

120

130

140

150

160

170

2010 2011 2012 2013 2014 2015 2016 2017 2018

Estonia CPI Latvia CPI Lithuania CPI

Estonia RW Latvia RW Lithuania RW

75

100

125

150

175

200

225

250

8090

100110120130140150160

2001 2003 2005 2007 2009 2011 2013 2015 2017 2019

Euro Area Finland Sweden

Estonia, rhs Latvia, rhs Lithuania, rhs

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019Q3

Lithuania Estonia Latvia

Denmark Norway¹ Sweden Finland Estonia Lithuania Latvia

0

20

40

60

80

100

EU

avera

ge

Esto

nia

Latv

ia

Lith

uania

Po

lan

d

Denm

ark

Sw

eden

Norw

ay

Fin

land

Owner (with mortgage) Owner (no outstanding mortgage) Tenant

0%

20%

40%

60%

80%

100%

Estonia Latvia Lithuania

Swedbank SEB Luminor Others

Q4 2013 Q4 2014 Q4 2015 Q4 2016 Q4 2017 Q4 2018 Q4 2019

Estonia Latvia Lithuania

0%

20%

40%

60%

80%

100%

120%

2000 2002 2004 2006 2008 2010 2012 2014 2016

40

60

80

100

120

140

160

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

0%

5%

10%

15%

20%

25%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

75

95

115

135

155

175

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Estonia Latvia Lithuania Baltics

0

100

200

300

400

500

600

700

Over

100

%

Estonia

Latvia

Lithuania

0

1,000

2,000

3,000

4,000

5,000

Estonia Latvia Lithuania Baltics

0

1,000

2,000

3,000

4,000

5,000

Estonia Latvia Lithuania Baltics

∼ ∼

Note: The referred contents of the Issuer’s website do not form part of the Base Prospectus and investors should not rely on this website

0

10

20

30

40

50

60

70

0 -

10

k

10

k -

20k

20

k -

30k

30

k -

40k

40

k -

50k

50

k -

60k

60

k -

70k

70

k -

80k

80

k -

90k

90

k -

100

k

10

0k -

11

0k

11

0k -

12

0k

12

0k -

13

0k

13

0k -

14

0k

14

0k -

15

0k

15

0k -

16

0k

16

0k -

17

0k

17

0k -

18

0k

18

0k -

19

0k

19

0k -

20

0k

20

0k -

21

0k

21

0k -

22

0k

over

220

k

050

100150200250300

>0

- <

=40 %

>4

0 -

<=

50

%

>5

0 -

<=

60

%

>6

0 -

<=

70

%

>7

0 -

<=

80

%

>8

0 -

<=

90

%

>9

0 -

<=

10

0 %

>1

00%

0

50

100

150

200

250

300

350

400

450

< 12

Q4'17 Q2'18 Q4'18 Q4'19 Q4'17 Q2'18 Q4'18 Q4'19Q4'17 Q2'18 Q4'18 Q4'19

Luminor Pekao AIB OTP PKO mBank Bawag RBI Erste BoI

Bawag Erste OTP BoI PKO AIB Luminor mBank Pekao RBI

AIB Luminor mBank Pekao PKO BoI VUB OTP Bawag RBI Erste

mBank OTP Erste Luminor Bawag BoI RBI Pekao PKO AIB VUB

EXECUTIVE MANAGEMENT

Erki Raasuke

Chief Executive Officer

Erkki.Raasuke@luminorgroup.com

Jonas Eriksson

Chief Financial Officer

Jonas.Eriksson@luminorgroup.com

INVESTOR RELATIONS

ir@luminorgroup.com

TREASURY AND ALM

Olof Sundblad

Head of Treasury and ALM

Olof.Sundblad@luminorgroup.com