The deposit requirement has now been deposited in accounts at the Riksbank
News In June, the Riksbank decided that Swedish banks and other credit institutions should hold interest-free deposits (the deposit requirement) at the Riksbank. The deadline for deposits by credit institutions was 31 October. All institutions have now deposited their deposit requirements in accounts with the Riksbank.
The credit institutions subject to the deposit requirement have now deposited the total amount, which is around SEK 40 billion. This corresponds to the difference between the target level for the Riksbank's equity, which is currently just over SEK 63 billion, and the Riksbank's equity, which is just over SEK 23 billion. As the size of the equity changes, the Riksbank will need to make a decision every year on whether a deposit requirement is needed and, if so, how large the requirement should be.
The Riksdag (the Swedish parliament) decided at the end of 2024 that, as of 1 January 2025, the Riksbank will be able to withdraw interest-free deposits, the so-called deposit requirement, in the event of insufficient equity. The deposit requirement applies to Swedish credit institutions, such as banks, and branches of foreign credit institutions operating in Sweden. As the Riksbank does not pay interest on these deposits, the Riksbank’s interest costs are reduced, which contributes to better earnings.