The Riksbank has decided on interest-free deposits of almost SEK 35 billion
News The Riksbank has decided that banks, other Swedish credit institutions and Swedish branches of foreign credit institutions shall hold interest-free deposits (the deposit requirement) on account at the Riksbank totalling just under SEK 35 billion as of 11 June 2026.
The deposit requirement is just over SEK 5 billion lower than last year’s requirement of just over SEK 40 billion. This corresponds to the difference between the target level for the Riksbank’s equity as stated in the Sveriges Riksbank Act, which is currently just over SEK 63 billion, and the Riksbank’s actual equity, which is currently just over SEK 28 billion.
This means that many institutions will receive funds back from the Riksbank, as the deposit requirements for individual institutions will be lower when the total requirement decreases. However, some institutions will still need to make deposits this year. All changes must be implemented by 11 June 2026.
All credit institutions and branches operating in Sweden shall hold a certain proportion of the institution’s deposit base, consisting of deposits and issued debt instruments, as interest-free deposits with the Riksbank. The share is the same for all institutions and corresponds to 0.2944 per cent of their deposit base.
The purpose of the interest-free deposits is to strengthen the Riksbank’s capacity for self-financing. The interest-free deposits reduce the Riksbank’s interest costs, which strengthens the Riksbank’s result and improves the conditions for building up equity in the long term.
The Riksbank will assess annually whether a deposit requirement is still needed and, if so, how large it should be.