Slides to Financial Stability Report 2012:1

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Chapter 1
European stress index
25
20
15
10
5
0
-5
2007
Chart 1:1.
2008
2009
2010
2011
2012
Basis spread
Stock market volatility
Exchange market volatility
Government bond spread
Corporate bond spread
Stress index
Sources: Reuters EcoWin and the Riksbank
Prices of single-family houses and
tenant-owned apartments
Index, January 2008 = 100
Chart 1:2.
Sources: Mäklarstatistik and Valueguard
The credit gap in Sweden
Per cent
30
20
10
0
-10
-20
-30
80
Chart 1:3.
85
90
95
00
05
10
Sources: Reuters EcoWin and the Riksbank
Earnings before loan losses and loan
losses in the four major banks
Totalled over four quarters, SEK billion, fixed prices, March 2012
120
120
Profit before loan losses
Loan losses
100
100
Main scenario loan losses FSR 2011:2
80
80
60
60
40
40
20
20
0
0
-20
-20
90
Chart 1:4.
92
94
96
98
00
02
04
06
08
10
12
14
Sources: Bank reports and the Riksbank
Core Tier 1 capital ratios defined by
Basel II
December 2011, per cent
0
2
4
6
8
10
12
14
16
Swedbank
Handelsbanken
UBS
SEB
Standard Ch.
Danske Bank
Nordea
Barclays
Lloyds TSB
Credit Suisse
RBS
BBVA
HSBC
Intesa
B. Popular Espana
Santander
Commerzbank
BNP
Deutsche Bank
Erste Bank
DnB NOR
Societe Gen.
Raiffeisen Int
UniCredito
Chart 1:5.
Sources: Bank reports and the Riksbank
CET 1 capital ratios as defined by
Basel III, initially and in the stress test
Per cent
16
14
12
10
8
6
4
2
0
2012 12
Kv 1
13
14 2012 12
Kv 1
Handelsbanken
Chart 1:6.
13
Nordea
14 2012 12
Kv 1
13
SEB
14 2012 12
Kv 1
13
14
Swedbank
Sources: Bank reports and the Riksbank
Swedish and foreign banks’ published
levels of Liquidity Coverage Ratio (LCR)
Per cent, December 2011
0
50
100
150
200
Handelsbanken
Bank van Lanschot
Swedbank
Nationwide
Citigroup
Standard Chartered
SEB
ING Bank
Barclays
Lloyds
ABN Amro
Chart 1:7.
Sources: Bank reports and Liquidatum
Bank assets in relation to GDP
December 2010, per cent
Chart 1:8.
Sources: ECB, the European Commission, the Swiss National Bank and the Riksbank
CET 1 capital ratios, Basel III
Per cent
Chart 1:9.
Source: The Riksbank
Risk weights on mortgages defined by
Basel II
Per cent
Chart 1:10.
Sources: National central banks and the Riksbank
Countercyclical capital buffers
Per cent
3.0
3.0
2.5
2.5
2.0
2.0
1.5
1.5
1.0
1.0
0.5
0.5
0.0
0.0
00
01
02
03
04
Handelsbanken
Chart 1:11.
05
06
Nordea
07
SEB
08
09
10
11
Swedbank
Sources: Bank reports, Reuters EcoWin and the Riksbank
The major Swedish banks’ liquidity
buffers
SEK billion
2,500
2,000
1,500
1,000
500
0
Mar 2011
Chart 1:12.
Jun 2011
Sep 2011
Dec 2011
Mar 2012
Sources: Bank reports and the Riksbank
The major Swedish banks’ LCRs
Per cent
Chart 1:13.
Sources: Bank reports and the Riksbank
The major Swedish banks´ average
LCR
Per cent
Chart 1:14.
Sources: Finansinspektionen and the Riksbank
The major Swedish banks average
LCR in euros
Per cent
Chart 1:15.
Sources: Finansinspektionen and the Riksbank
The major Swedish banks' average
LCR in US dollars
Per cent
Chart 1:16.
Sources: Finansinspektionen and the Riksbank
The major Swedish banks' average
NSFR
Per cent
Chart 1:17.
Sources: Finansinspektionen and the Riksbank
Chapter 2
The ECB’s lending to European banks
EUR billion
1400
1200
1000
800
600
400
200
0
2007
Chart 2:1.
2008
2009
2010
2011
2012
Source: ECB
Net lending in the ECB’s three-year loans
and the euro area’s bank bond maturities
EUR billion
Chart 2:2.
Sources: Dealogic and the Riksbank
Borrowing from the ECB before and after the threeyear loans in December and February
Percentage of total bank assets
Chart 2:3.
Sources: Bloomberg, national central banks and the Riksbank
Change in banks’ holdings of government
bonds in euros and in loans from the ECB
EUR billion
Chart 2:4.
Sources: ECB and Bloomberg
10-year government bonds yields
Per cent
40
45
36
40
32
35
28
30
24
25
20
20
16
15
12
10
8
4
5
0
Jul-09
0
Jan-10
Greece
Chart 2:5.
Jul-10
Ireland
Jan-11
Italy
Jul-11
Portugal
Jan-12
Spain
Germany
Source: Reuters EcoWin
Development of various stock markets
Index, July 2011=100
Chart 2:6.
Source: Bloomberg
European stress index
25
20
15
10
5
0
-5
2007
Chart 2:7.
2008
2009
2010
2011
2012
Basis spread
Stock market volatility
Foreign exchange volatility
Government bond spread
Corporate bond spread
Stress index
Sources: Reuters EcoWin and the Riksbank
Public debt
Percentage of GDP
180
160
140
120
100
80
60
40
20
0
2007
2008
Greece
Chart 2:8.
2010
2009
Ireland
Italy
2011
Portugal
2012
Spain
Sources: Reuters EcoWin and the Riksbank
Deficit in i public finances
Per cent of GDP
5
5
0
0
-5
-5
-10
-10
-15
-15
-20
-20
-25
-25
-30
-30
-35
2008
2009
Greece
Chart 2:9.
Ireland
2010
Italy
-35
2012
2011
Portugal
Spain
Source: Reuters Ecowin
European banks’ bond issuance
EUR billion
450
400
350
300
250
200
150
100
50
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2007
2008
2009
Covered bonds
Unsecured bonds
Chart 2:10.
2010
2011
2012
Government guaranted bonds
Sources: Dealogic and the Riksbank
Maturity of banks’ issued unsecured
debt
Years
Chart 2:11.
Source: Dealogic
Funding costs over 3-months Stibor
for covered bonds
Basis points
Chart 2:12.
Sources: Reuters EcoWin and the Riksbank
Five-year CDS premiums for banks
Basis points
Chart 2:13.
Sources: Bloomberg and the Riksbank
Five-year CDS premiums for Swedish
banks
Basis points
400
400
350
350
300
300
250
250
200
200
150
150
100
100
50
50
0
2008
0
2009
Handelsbanken
Chart 2:14.
2010
2011
Nordea
2012
SEB
Swedbank
Sources: Bloomberg and the Riksbank
The risk premium on the interbank
market
Basis points
180
180
160
160
140
140
120
120
100
100
80
80
60
60
40
40
20
20
0
0
09
10
United States
Chart 2:15.
11
Euro Area
12
United Kingdom
Sweden
Sources: Bloomberg and the Riksbank
Indicative breakdown of the three
month risk premium in the euro area
Basis points
250
200
150
100
50
0
08
09
10
Credit risk
Chart 2:16.
11
12
Liquidity risk
Sources: Bloomberg and the Riksbank
Cost of borrowing in euros for three months
and converting the loan to US dollars
Basis points
300
250
200
150
100
50
0
-50
08
Chart 2:17.
09
10
11
12
Sources: Bloomberg and the Riksbank
Turnover on the Swedish repo market,
per month
SEK billion
6000
5000
4000
3000
2000
1000
0
08
09
Government bond
Chart 2:18.
10
Mortgage bonds
11
12
Other
Source: The Riksbank
Volumnes issued by European
companies regardless of currency
EUR billion
160
140
120
100
80
60
40
20
0
01
02
03
04
Investment grade
Chart 2:19.
05
06
07
08
09
Non investment grade/High-yield
10
11
12
Others
Source: Dealogic
Comparison between corporate bond
yields and bank bond yields in Europe
Basis points
Chart 2:20.
Källa: Barclays Live/Iboxx
Volumes issued by Swedish corporate
bonds, regardless of currency
EUR billion
7
6
5
4
3
2
1
0
01
02
03
04
05
Investment grade
Chart 2:21.
06
07
08
09
10
11
12
Non investment grade/High-yield
Source: Dealogic
The risk premium on the interbank
market
Basis points
400
400
350
350
300
300
250
250
200
200
150
150
100
100
50
50
0
0
06
07
08
United States
Chart B2:1.
09
Euro Area
10
11
12
United Kingdom
Sweden
Sources: Bloomberg and the Riksbank
Chapter 3
Lending activities of the Swedish banking
groups by borrower category, Mars 2012
Per cent of total lending
Chart 3:1.
Sources: Bank reports and the Riksbank
Lending activities of the Swedish banking
groups by geographical area, Mars 2012
Per cent of total lending
Chart 3:2.
Sources: Bank reports and the Riksbank
Household borrowing
Per cent
20
18
16
14
12
10
8
6
4
2
0
02
03
04
05
06
07
08
09
10
11
12
Monthly percentage changes restated as an annual rate
Annual percentage change
Chart 3:3.
Sources: Statistics Sweden and the Riksbank
Average lending rate and property
prices
Per cent, index 1980 = 100
18
600
15
500
12
400
9
300
6
200
3
100
0
0
90
92
94
96
98
Average lending rate
Chart 3:4.
00
02
04
06
08
10
12
Real estate price index (right scale)
Sources: Statistics Sweden and the Riksbank
Turnover and changes in house prices
Number of permanent housing units in thousands, per cent
Chart 3:5.
Sources: Statistics Sweden and the Riksbank
Unsecured credit as a percentage of
total borrowing
Annual percentage change
10
9
8
7
6
5
4
3
2
1
0
03
Chart 3:6.
04
05
06
07
08
09
10
11
12
Source: Statistics Sweden
Prices of single-family houses and
tenant-owned apartments
Index, 2008-01 = 100
Chart 3:7.
Sources: Mäklarstatistik and Valueguard
Number of housing starts
Thousands
120
100
80
60
40
20
0
70
Chart 3:8.
75
80
85
90
95
00
05
10
Source: Statistics Sweden
Household indebtedness and interest
expenditures after tax
Per cent of disposable income
220
22
200
20
180
18
160
16
140
14
120
12
100
10
80
8
60
6
40
4
20
2
0
0
93
95
97
99
01
03
Debt ratio (left scale)
Chart 3:9
05
07
09
11
13
15
Interest ratio (right scale)
Sources: Statistics Sweden and the Riksbank
Households’ debts, assets and savings
Per cent of disposable income
Chart 3:10.
Sources: Statistics Sweden and the Riksbank
Corporate borrowing from credit
institutions and fixed gross investment
Annual percentage change
Chart 3:11.
Sources: Statistics Sweden and the Riksbank
Lending rates to non-financial companies
for new loans and three month Stibor
Per cent
Chart 3:12.
Sources: Statistics Sweden and Reuters EcoWin
Default rate for Swedish companies
Per cent
Chart 3:13.
Source: The Riksbank
Direct earnings requirement for office
premises in city centres
Per cent
8
8
7
7
6
6
5
5
4
4
3
3
2
2
1
1
0
0
01
02
03
Stockholm
Chart 3:14.
04
05
06
Göteborg
07
Malmö
08
09
10
11
12
13
Five-year government bond
Sources: Pangea and Reuters EcoWin
Household borrowing
Annual percentage change
16
14
12
10
8
6
4
2
0
04
05
06
Sweden
Chart 3:15.
07
08
Denmark
09
Finland
10
11
12
Norway
Sources: Reuters EcoWin and the Riksbank
Corporate borrowing
Annual percentage change
25
20
15
10
5
0
-5
-10
03
04
05
Sweden
Chart 3:16.
06
07
Denmark
08
Finland
09
10
11
12
Norway
Sources: Reuters EcoWin and the Riksbank
Real house prices
Index, Q1 1995 = 100
300
300
250
250
200
200
150
150
100
100
50
50
0
0
80
82
84
86
88
90
Sweden
Chart 3:17.
92
94
96
Denmark
98
00
Finland
02
04
06
08
10
12
Norway
Sources: Reuters EcoWin, Bank for International Settlements (BIS) and the Riksbank
GDP
Annual percentage change
20
20
15
15
10
10
5
5
0
0
-5
-5
-10
-10
-15
-15
-20
-20
-25
-25
00
01
02
03
04
05
Estonia
Chart 3:18.
06
07
Latvia
08
09
10
11
12
Lithuania
Source: Reuters EcoWin
Real exchange rates
Index, January 2009 = 100
110
110
105
105
100
100
95
95
90
90
85
85
80
80
75
75
70
70
00
01
02
03
04
05
The Baltic countries
Chart 3:19.
06
07
08
09
Comparison group
10
11
12
Ireland
Source: Bank for International Settlements
Household and corporate borrowing
Annual percentage change
80
70
60
50
40
30
20
10
0
-10
-20
01
02
03
04
05
06
Estonia
Chart 3:20.
07
Latvia
08
09
10
11
12
Lithuania
Source: Reuters EcoWin
Late payments
Per cent of total lending
25
25
20
20
15
15
10
10
5
5
0
0
00
01
02
03
04
Estonia (more than 60 days)
Chart 3:21.
05
06
07
08
Latvia (more than 90 days)
09
10
11
12
Lithuania (more than 60 days)
Sources: Eesti Pank, Financial and Capital Market Commission och Lietuvos Bankas
Percentage of total loans and mortgages
in foreign currency in Poland
Per cent
80
70
60
50
40
30
20
10
0
04
05
06
07
08
Total lending
Chart 3:22.
09
10
11
12
Mortgages
Source: Narodowy Bank Polski
Credit growth in non-financial private
sector
Per cent
6
6
5
5
4
4
3
3
2
2
1
1
0
0
-1
-1
-2
-2
-3
-3
-4
-4
09
10
High-spread euro area
Chart B3:1
11
Other euro area
12
Total euro area
Source: IMF
Lending to Swedish households and
companies by credit institutions
SEK billion
4500
4000
3500
3000
2500
2000
1500
1000
500
0
80
82
84
86
88
90
92
94
Households
Chart B3:2.
96
98
00
02
04
06
08
10
Companies
Sorce: Statistics Sweden
Swedish banks’ lending to households
and companies in the Baltic countries
EUR billion
45
40
35
30
25
20
15
10
5
Estonia
Chart B3:2.
Latvia
12:1
11:4
11:3
11:2
11:1
10:4
10:3
10:2
10:1
09:4
09:3
09:2
09:1
08:4
08:3
08:2
08:1
07:4
07:3
07:2
07:1
0
Lithuania
Sources: Bank reports and the Riksbank
Chapter 4
Bank assets in relation to GDP
December 2010, per cent
Chart 4:1.
Sources: ECB, the European Commission, the Swiss National Bank and the Riksbank
Total assets
December 2011, SEK billion
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Handelsbanken
Nordea
Sweden
Chart 4:2.
SEB
Swedbank
Total
Abroad
Sources: Bank reports and the Riksbank
Earnings before loan losses and loan
losses in the major Swedish banks
Totalled over four quarters, SEK billion, fixed prices, March 2012
120
100
80
60
40
20
0
-20
Profit before loan losses
Chart 4:3.
Loan losses
Sources: Bank reports and the Riksbank
The major Swedish banks' income
Rolling four quarters, SEK billion
250
200
150
100
50
0
08:3 08:4 09:1 09:2 09:3 09:4 10:1 10:2 10:3 10:4 11:1 11:2 11:3 11:4 12:1
Other income
Chart 4:4.
Net result of financial items
Net commission income
Net interest income
Sources: Bank reports and the Riksbank
The major Swedish banks’ return on
equity
Four-quarter moving average, per cent
25
20
15
10
5
0
01
02
03
04
05
Return on equity
Chart 4:5.
06
07
08
09
10
11
12
Average return on equity
Sources: Bank reports and the Riksbank
The major Swedish banks’ return on
total assets
Four-quarter moving average, per cent
Chart 4:6.
Sources: Bank reports and the Riksbank
The swedish banks' cost to income
ratio
Four-quarter moving average, per cent
58
56
54
52
50
48
46
05
Chart 4:7.
06
07
08
09
10
11
12
Sources: Bank reports and the Riksbank
Breakdown of interest rate for new
mortgages with tree-month fixed rate
Per cent
8
Repo rate
7
Other funding costs up to the interbank rate
Funding costs in excess of the interbank rate
6
Gross margin
5
4
3
2
1
0
06
Chart 4:8.
07
08
09
10
11
12
Sources: Bank reports and the Riksbank
Gross margins on Swedish new
mortgages with three-month fixed rate
Per cent
1.4
1.2
1.0
0.8
0.6
0.4
0.2
0.0
02
Chart 4:9.
03
04
05
06
07
08
09
10
11
12
Sources: Bank reports, Reuter EcoWin and the Riksbank
The major Swedish banks' volume and
earnings on mortgages
December 2011, per cent
Chart 4:10.
Sources: Banks' reports, SCB and the Riksbank
Swedish major banks' lending to the
public in the Baltic countries
EUR billions and annual percentage change
EUR billion (left scale)
Chart 4:11.
12:1
11:4
-15
11:3
0
11:2
-10
11:1
5
10:4
-5
10:3
10
10:2
0
10:1
15
09:4
5
09:3
20
09:2
10
09:1
25
08:4
15
08:3
30
08:2
20
08:1
35
07:4
25
07:3
40
07:2
30
07:1
45
Annual percentage change (right scale)
Sources: Bank reports and the Riksbank
Market shares of lending in the Baltic
countries
Per cent
Chart 4:12.
Sources: Bank reports and the Riksbank
The major Swedish banks' loan losses
Percentage of lending at the start of the respective quarters
1.2
1.0
0.8
0.6
0.4
0.2
0.0
-0.2
-0.4
-0.6
08:1 08:2 08:3 08:4 09:1 09:2 09:3 09:4 10:1 10:2 10:3 10:4 11:1 11:2 11:3 11:4 12:1
Recoveries
Specific provisions
Chart 4:13.
Reversals
Collective provisions
Write-offs
Loan-loss level
Sources: Bank reports and the Riksbank
The major Swedish banks’ loan losses
per quarter
SEK billions
16
14
12
10
8
6
4
2
0
-2
-4
08:3 08:4 09:1 09:2 09:3 09:4 10:1 10:2 10:3 10:4 11:1 11:2 11:3 11:4 12:1
Other countries
Chart 4:14.
The Baltic countries
Other Nordic countries
Sweden
Sources: Bank reports and the Riksbank
Loan losses in Swedish mortgage
institutions and the four major banks
Loan losses in relation to lending to the public, per cent
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
-0.5
90
92
94
96
98
Swedish mortgage institutions
Chart 4:15.
00
02
04
06
08
10
The Swedish major banks, group level
Sources: Bank reports, Statistics Sweden and the Riksbank
Impaired loans
Percentage of gross lending
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
00
01
02
03
04
05
Handelsbanken
Chart 4:16.
06
Nordea
07
08
SEB
09
10
11
12
Swedbank
Sources: Bank reports and the Riksbank
Core Tier 1 capital ratios as defined by
Basel II
December 2011, per cent
0
2
4
6
8
10
12
14
16
Swedbank
Handelsbanken
UBS
SEB
Standard Ch.
Danske Bank
Nordea
Barclays
Lloyds TSB
Credit Suisse
RBS
BBVA
HSBC
Intesa
B. Popular Espana
Santander
Commerzbank
BNP
Deutsche Bank
Erste Bank
DnB NOR
Societe Gen.
Raiffeisen Int
UniCredito
Chart 4:17.
Sources: Bank reports and the Riksbank
Core Tier 1 Capital ratios according to
Basel II
Per cent
18
16
14
12
10
8
6
4
2
0
Handelsbanken
Nordea
09:1
Chart 4:18.
SEB
10:1
11:1
Swedbank
12:1
Sources: Bank reports and the Riksbank
Core Tier 1 capital according to Basel II
in relation to total assets
Per cent
5%
4%
3%
2%
1%
0%
08:3 08:4 09:1 09:2 09:3 09:4 10:1 10:2 10:3 10:4 11:1 11:2 11:3 11:4 12:1
Handelsbanken
Chart 4:19.
Nordea
SEB
Swedbank
Source: Bank reports and the Riksbank
Risk weights on mortgages defined by
Basel II
Per cent
Chart 4:20.
Sources: National central banks and the Riksbank
The Riksbank's structural liquidity
measure for the major Swedish banks
Stable funding in relation to illiquid assets, per cent
100
90
80
70
60
50
40
30
20
10
0
2009
Chart 4:21.
2010
2011
Source: Liquidatum and the Riksbank
The major Swedish banks' funding,
March 2012
Per cent
Chart 4:22.
Sources: Bank reports and the Riksbank
The major Swedish banks' liquidity
buffers
SEK billions
Chart 4:23.
Sources: Bank reports and the Riksbank
US Money Market Funds' exposures on
European and Nordic banks
USD billions
Chart 4:24.
Sources: Fitch and the Riksbank
Investors in Swedish Covered Bonds
December 2011, per cent
Chart 4:25.
Sources: SCB and the Riksbank
Chapter 5
Earnings before loan losses and loan
losses in the four major Swedish banks
Totalled over four quarters, SEK billion, fixed prices, March 2012
120
120
Profit before loan losses
100
100
Loan losses
Main scenario loan losses FSR 2011:2
80
80
60
60
40
40
20
20
0
0
-20
-20
90
Chart 5:1.
92
94
96
98
00
02
04
06
08
10
12
14
Sources: Bank reports and the Riksbank
Level of loan losses in the main
scenario
Per cent
0.25
0.20
0.15
0.10
0.05
0.00
-0.05
-0.10
-0.15
-0.20
Handelsbanken
Nordea
Outcome 2011
Chart 5:2.
SEB
2012
Swedbank
2013
Totalt
2014
Source: The Riksbank
Distribution of the major banks' loan losses per
region in the period 2012–2014 in the main scenario
SEK billion
Chart 5:3.
Source: The Riksbank
The major Swedish bank with the lowest Tier 1
capital ratio after another major Swedish bank has
defaulted on payments
Per cent
9
8
7
6
5
4
3
2
2000
Chart 5:4.
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Source: The Riksbank
Expected default frequency (EDF) for the Swedish
non-financial companies in the stress test and in
the main scenario
Per cent
3.0
2.5
2.0
1.5
1.0
0.5
0.0
00
01
02
03
04
05
06
07
EDF, main scenario
Chart 5:5.
08
09
10
11
12
13
14
EDF, stress scenario
Sources: Moody's KMV and the Riksbank
Common Equity Tier 1 capital ratios according
to Basel III, initially and in the stress test
Per cent
Chart 5:6.
Sources: Bank reports and the Riksbank
Factors that contribute to changes in the banks’
CET 1 capital ratios according to Basel III in the
stress test
Per cent
Chart 5:7.
Source: The Riksbanken
The Riksbank’s short-term liquidity
measure
Survival period, number of days
100
90
80
70
60
50
40
30
20
10
0
Handelsbanken
March 2011
Chart 5:8.
June 2011
Nordea
September 2011
SEB
Swedbank
December 2011
March 2012
Sources: Liquidatum and the Riksbank
The major Swedish banks’ liquidity
buffers
SEK billion
2,500
2,000
1,500
1,000
500
0
Jun 2011
Chart 5:9.
Sep 2011
Dec 2011
Mar 2012
Sources: Bank reports and the Riksbank
The major Swedish banks average LCR
Per cent
140
120
100
80
60
40
20
0
Januari 2011
Chart 5:10.
Mars 2012
Sources: Finansinspektionen and the Riksbank
The Riksbank’s short-term liquidity
measure
December 2011, Survival period, number of days
160
140
120
100
80
60
Mean value, 59 days
40
20
0
Chart 5:11.
Sources: Liquidatum and the Riksbank
The Riksbank’s structural liquidity
measure
Stable funding in relation to illiquid assets, per cent
120
100
80
60
40
20
n/a
n/a n/a
0
Handelsbanken
June 2011
Chart 5:12.
Nordea
September 2011
SEB
December 2011
Swedbank
March 2012
Source: Liquidatum and the Riksbank
The major Swedish banks' average
NSFR
Per cent
Chart 5:13.
Source: Finansinspektionen and the Riksbank
Maturity and issues of bonds 2011
SEK billion
Chart 5:14.
Sources: Bank reports and the Riksbank
Relation between lending and
deposits
Per cent
300
250
200
150
100
50
0
Handelsbanken
June 2011
Chart 5:15.
Nordea
September 2011
SEB
December 2011
Swedbank
March 2012
Sources: Liquidatum and the Riksbank
The Riksbank's structural liquidity
measure
Stable funding in relation to illiquid assets, percent
160
160
140
140
120
120
100
Chart 5:16.
Mean value, 97%
100
80
80
60
60
40
40
20
20
0
0
Sources: Liquidatum and the Riksbank
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