Riksbank makes Skr36 million profit in 2024
However, Swedish treasury will not benefit as central bank failed to reach its target equity level
Sweden’s central bank made a profit in 2024, but not enough to allow it to make any transfers to the country’s treasury.
In its statement today (February 18), Sveriges Riksbank said it had made Skr36 million ($3.36 million) last year, but the profit had not been sufficient to ensure the bank reached its target equity level. As a consequence, its general council had decided to transfer the money to the reserve fund.
The central bank’s equity level has been a long-running issue in the country.
In
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial reporting
MNB funds funnelled through ‘impenetrable’ structure – state audit
Management firm lost “significant amount” of central bank endowment in real estate investment, report finds
IMF develops stress test for central bank balance sheets
Framework designed to help risk teams determine appropriate profit distributions
IMF staff propose updated ‘new arrangements to borrow’
Fund’s second line of defence is already being scaled back under quota reforms
Central banks face a capital framework imbalance – should we care?
Most economists say clear recapitalisation frameworks are important. But many central banks still lack them
ECCB reports record profit of EC$80.2 million
Central bank attained highest-ever profit in last fiscal year, after loss of EC$54 million
BIS profit rises as balance sheet grows
Institution close to completing five-year strategic plan, as deposits hit record high
MNB posts historic $4.74 billion loss in 2023
Central bank act amendment precludes immediate recapitalisation
RBI payout to Indian government more than doubles
Dividend boosts public finances as new government set to take office in early June