Funding of this year’s transfer of profit dividends to the Treasury
News The Riksbank is funding this year’s transfer of profit dividends to the Treasury by increasing the Riksbank’s deposits in SEK from banks by the same amount in the form of Riksbank Certificates and overnight deposits from the banking system. The General Council has previously proposed that SEK 6.8 billion be transferred to the Treasury.
The Riksbank has decided that the transfer of this year’s profit dividends to the Treasury will be funded by increasing the deposits in SEK from banks, which means that the banking system’s surplus in the payment system with regard to the Riksbank will rise. The deposits from the banking system in the form of Riksbank Certificates and the overnight deposit facility will therefore increase.
The Riksbank’s transfer of profit dividends to the Treasury can be funded in two ways: by increasing the Riksbank’s deposits in SEK from banks or by selling Riksbank assets for the corresponding amount. Since 2015 the annual profit dividends have been funded by increasing the deposits in SEK. The last time the profit dividend was funded through the sale of assets was in 2014, when funds were taken from the foreign exchange reserves.