How the deposit requirement is calculated

Every year, the Riksbank decides on the size of the interest-free deposits (the deposit requirement). It may at most correspond to the difference between the Riksbank's equity and the target level for equity. According to the Riksbank's Annual Report for 2025, equity amounts to SEK 23.0 billion, while the target level is SEK 63.1 billion. This means that the Riksbank can decide on a maximum of SEK 40.1 billion in interest-free deposits this year.

Once the deposit requirement has been determined, the amount is allocated proportionally among all Swedish credit institutions and Swedish branches of foreign credit institutions (collectively ‘institutions’). The allocation is based on each institution's deposit base, which consists of deposits and debt securities issued, with some exceptions. How the deposit base is calculated is described here.

Calculation of the deposit requirement per institution

The deposit requirement per institution is calculated in two steps:

1. First, the ratio of the total deposit requirement to the total deposit base of all institutions is calculated.
2. This ratio is then multiplied by each institution's deposit base to determine its deposit requirement.

Example:

• If the total deposit requirement is set at SEK 40 billion and the total deposit base amounts to SEK 12,000 billion, the ratio is 0.33 per cent (40 billion / 12,000 billion).
• An institution with a deposit base of SEK 1 billion will then have a deposit requirement of SEK 3.3 million (1 billion x 0.33%).