Sparebanken Ost · OSL:SPOG

Sparebanken Ost — Sparebanken Øst Boligkreditt AS — Debt Investor Presentation (March 2011)

12 slides from Sparebanken Ost's debt investor presentation, Mar 31, 2011

  1. Slide 1: Sparebanken Øst Boligkreditt AS Investor presentation

    Sparebanken Øst Boligkreditt AS Investor presentation 31.03.2011 Frode Lindbeck

  2. Slide 2: Sparebanken Øst Boligkreditt AS

    Sparebanken Øst Boligkreditt AS • Established 14. April 2009 • Fully owned subsidiary of Sparebanken Øst – All figures in the following presentation are as at March 31st 2011

  3. Slide 3: Property type

    Property type 0% 20 % 40 % 60 % 80 % 100 % Detached House 80,7 % Condominium 14,1 % Semi Detached 5,0 % Other 0,2 % • Total cover pool size: MNOK 4 015 • Loans are 100% 1.-priority Norwegian residential mortgages • Loan type: 100% adjustable rate mortgages

  4. Slide 4: Regional distribution of collateral

    Regional distribution of collateral OUTSTANDING LOAN BALANCE (MNOK) 0 500 1.000 1.500 2.000 Drammen/Eiker/Lier 1.618 Other parts of Buskerud 118 Akershus 886 Oslo 522 Vestfold 286 Rogaland/Hordaland 224 Østfold 127 Northwest/Trøndelag 97 Telemark/Agder 64 Nordland\Troms\Finnmark 38 Hedmark\Oppland 3

  5. Slide 5: Seasoning

    Seasoning 1.600 MNOK 1.400 1.200 1.000 800 600 400 200 1.376 1.480 904 240 15 0 0-1 1-3 3-5 5-10 10+ Years • Weighted average seasoning: 2.19 years • Approx. 29% of the cover pool is >3 years seasoned

  6. Slide 6: Loan to Value

    Loan to Value 1.000 MNOK 900 800 700 600 500 400 300 200 100 78 267 525 741 887 930 571 12 5 0 0% 0% % % % % % % % 20 30 40 50 60 80 70 10 1 - - - - - - - 0- 10 20 30 40 50 70 60 - 90 • Weighted average LTV = 43,1% • Approx. 85% of the cover pool has an LTV < 60% • There are none non-performing or i

  7. Slide 7: Issued covered bond

    Issued covered bond Issuer / borrower Sparebanken Øst Boligkreditt AS ISIN NO0010520372 Maximum principal amount MNOK 1 500 Current outstanding MNOK 1 250 Issue date 15.06.2009 Maturity date 04.08.2014 (15.09.2015) Listed / TCKR -/- Coupon Nibor 3 months + 0,45 percentage points

  8. Slide 8: Issued covered bond

    Issued covered bond Issuer / borrower Sparebanken Øst Boligkreditt AS ISIN NO0010572464 Maximum principal amount MNOK 1 000 Current outstanding MNOK 700 Issue date 21.05.2010 Maturity date 21.05.2015 (23.05.2016) Listed / TCKR OABM / SPOBK01 PRO Coupon Nibor 3 months + 0,65 percentage points

  9. Slide 9: Issued covered bond

    Issued covered bond Issuer / borrower Sparebanken Øst Boligkreditt AS ISIN NO0010589955 Maximum principal amount MNOK 1 000 Current outstanding MNOK 500 Issue date 18.10.2010 Maturity date 18.10.2016 (18.10.2017) Listed / TCKR OABM / SPOBK02 PRO Coupon Nibor 3 months + 0,57 percentage points

  10. Slide 10: Issued covered bond

    Issued covered bond Issuer / borrower Sparebanken Øst Boligkreditt AS ISIN NO0010604879 Maximum principal amount MNOK 1 000 Current outstanding MNOK 1 000 Issue date 16.03.2011 Maturity date 15.03.2017 (21.03.2018) Listed / TCKR OABM / SPOBK03 PRO Coupon Nibor 3 months + 0,60 percentage points

  11. Slide 11: Issued covered bonds

    Issued covered bonds RESIDENTIAL MORTGAGES COVERED BONDS OVER-COLLATERALIZATION 3Q09 1.471.586 1.250.000 18 % 4Q09 1.844.068 1.250.000 48 % 1Q10 2.270.788 1.250.000 82 % 2Q10 2.316.204 1.750.000 32 % 3Q10 2.510.242 1.950.000 29 % 4Q10 2.830.329 2.450.000 16 % 1Q10 4.015.341 3.450.000 16 %

  12. Slide 12: Sparebanken Øst Boligkreditt AS contact details

    Sparebanken Øst Boligkreditt AS Phone:+47 915 03220 P.o.box 54 Fax: +47 3220 1365 3001 Drammen www.oest.no Norway firmapost@oest.no Daglig leder Investorkontakt Lars-Runar Groven Frode Lindbeck / Vegard Kvamme +47 3220 1135 +47 3220 1351 / +47 3220 1383 larsrunar.groven@oest.no vegard.kvamme@oest.no

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