SEB — Environmental & Social Information 2019

Nov 26, 2019

Historical non-resident flows in Estonia

2005-2018 in EURbn

		Non-resident	of which low transparency
		Estonian customer(2)	non-resident Estonian
Full year		Flow(1)	customer(3) Flow(1)
	2005	5.0	3.1
	2006	13.0	8.1
	2007	11.0	6.7
	2008	7.9	3.6
	2009	4.2	1.2
	2010	4.5	0.8
	2011	5.0	0.5
	2012	5.4	0.5
	2013	5.8	0.5
	2014	6.6	0.5
	2015	4.2	0.2
	2016	5.0	0.1
	2017	3.5	0.0
	2018	3.7	0.0
Total cumulative Flow(4)		84.6	25.8

Historical non-resident flows(1) in Estonia

All figures in EURbn

1) Flow: A Flow is the sum of all ingoing payments (both cross border and domestic) and outgoing payments

(both cross border and domestic), to and from Non-resident Estonian customers.

2) Non-resident Estonian customer: A Non-resident Estonian customer is a legal entity customer, previous or current,

of SEB Estonia, excluding other banks, that has its registered office outside of Estonia.

3) Low transparency non-resident Estonian customer: A Low transparency non-resident Estonian is a Non-resident Estonian customer for which, based on today's standards the historical customer relationship did not fulfill the banks' requirements for transparency, and/or where the bank was not able to connect the Flow to real business. For the period 2005 - 2007 a wider definition for Low transparency non-resident Estonian customer has been used and includes all Non-resident Estonian customers that were off-boarded during that period.

4) Please note - total cumulative flow may not sum due to rounding differences.

Methodology:

Each individual customer was assessed on the basis of 17 criteria, including both internal and external sources. Important to note is that conclusions are based on what the bank knows at this point, and conclusions would need to be updated based on discovery of additional facts.