Note 11. Exposures Net exposures are reported after taking into consideration effects of guarantees and credit default swaps. Amounts are calculated in accordance with capital adequacy calculations, but before the application of credit conversion factors. Total net exposures by exposure class | | | | | | | | | | | | | | | | | | | | | | | | | | | Credits & interest-bearing | | Committed undisbursed loans, | | | | | | | | | | | securities | | derivatives, etc. | | Total | | | June 30, 2025 | | December 31, 2024 | | June 30, 2025 | | December 31, 2024 | | June 30, 2025 | | December 31, 2024 | Skr bn | | Amount | | % | | Amount | | % | | Amount | | % | | Amount | | % | | Amount | | % | | Amount | | % | Central governments | | 148.3 | | 42.5 | | 148.3 | | 42.6 | | 52.0 | | 71.8 | | 49.3 | | 68.2 | | 200.3 | | 47.5 | | 197.6 | | 47.0 | Regional governments | | 15.3 | | 4.4 | | 18.2 | | 5.3 | | 0.6 | | 0.8 | | 0.5 | | 0.7 | | 15.9 | | 3.8 | | 18.7 | | 4.5 | Multilateral development banks | | 4.0 | | 1.1 | | 7.0 | | 2.0 | | – | | – | | – | | – | | 4.0 | | 1.0 | | 7.0 | | 1.7 | Public Sector Entity | | 2.5 | | 0.7 | | 1.0 | | 0.3 | | – | | – | | – | | – | | 2.5 | | 0.6 | | 1.0 | | 0.2 | Financial institutions | | 28.9 | | 8.3 | | 28.0 | | 8.0 | | 5.8 | | 8.0 | | 6.1 | | 8.4 | | 34.7 | | 8.2 | | 34.1 | | 8.1 | Corporates | | 149.6 | | 43.0 | | 145.7 | | 41.8 | | 14.0 | | 19.4 | | 16.4 | | 22.7 | | 163.6 | | 38.9 | | 162.1 | | 38.5 | Equity exposures | | 0.0 | | 0.0 | | 0.0 | | 0.0 | | – | | – | | – | | – | | 0.0 | | 0.0 | | 0.0 | | 0.0 | Total | | 348.6 | | 100.0 | | 348.2 | | 100.0 | | 72.4 | | 100.0 | | 72.3 | | 100.0 | | 421.0 | | 100.0 | | 420.5 | | 100.0 |
Net exposure by region and exposure class, as of June 30, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | West | | | | | | | | | | | | | | | | | | | European | | Central- | | | | | Middle | | | | | | | | | | | | countries | | and East | | | | | East/ | | Asia excl. | | | | North | | Latin | | | | excl. | | European | | | Skr bn | | Africa | | Japan | | Japan | | America | | America | | Sweden | | Sweden | | countries | | Total | Central governments | | 0.0 | | 0.1 | | – | | 0.3 | | – | | 180.0 | | 17.8 | | 2.1 | | 200.3 | Regional governments | | – | | – | | – | | – | | – | | 13.2 | | 2.7 | | 0.0 | | 15.9 | Multilateral development banks | | – | | 0.8 | | – | | – | | – | | – | | 3.2 | | – | | 4.0 | Public Sector Entity | | – | | – | | – | | – | | – | | – | | 2.5 | | – | | 2.5 | Financial institutions | | 0.0 | | – | | 2.0 | | 0.9 | | – | | 18.8 | | 13.0 | | – | | 34.7 | Corporates | | 0.1 | | 0.8 | | 2.9 | | 9.3 | | 2.8 | | 111.3 | | 34.8 | | 1.6 | | 163.6 | Equity exposures | | 0.0 | | – | | – | | – | | – | | 0.0 | | – | | – | | 0.0 | Total | | 0.1 | | 1.7 | | 4.9 | | 10.5 | | 2.8 | | 323.3 | | 74.0 | | 3.7 | | 421.0 |
Net exposure by region and exposure class, as of December 31, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | West | | | | | | | | | | | | | | | | | | | European | | Central- | | | | | Middle | | | | | | | | | | | | countries | | and East | | | | | East/ | | Asia excl. | | | | North | | Latin | | | | excl. | | European | | | Skr bn | | Africa | | Japan | | Japan | | America | | America | | Sweden | | Sweden | | countries | | Total | Central governments | | 0.0 | | 0.1 | | – | | 0.4 | | – | | 187.4 | | 7.7 | | 2.0 | | 197.6 | Regional governments | | – | | – | | – | | – | | – | | 17.1 | | 1.5 | | 0.1 | | 18.7 | Multilateral development banks | | – | | 0.7 | | – | | 0.5 | | – | | – | | 5.8 | | – | | 7.0 | Public Sector Entity | | – | | – | | – | | – | | – | | – | | 1.0 | | – | | 1.0 | Financial institutions | | 0.0 | | – | | 0.9 | | 2.2 | | – | | 18.8 | | 12.2 | | – | | 34.1 | Corporates | | 0.1 | | 1.1 | | 3.0 | | 8.4 | | 3.3 | | 110.2 | | 35.1 | | 0.9 | | 162.1 | Equity exposures | | – | | – | | – | | – | | – | | 0.0 | | – | | – | | 0.0 | Total | | 0.1 | | 1.9 | | 3.9 | | 11.5 | | 3.3 | | 333.5 | | 63.3 | | 3.0 | | 420.5 |
Net exposure to European countries, excluding Sweden | | | | | | | June 30, | | December 31, | Skr bn | | 2025 | | 2024 | France | | 13.4 | | 7.0 | United Kingdom | | 11.7 | | 8.8 | Finland | | 9.1 | | 8.2 | Germany | | 8.3 | | 6.5 | Denmark | | 7.6 | | 6.9 | Luxembourg | | 7.2 | | 10.7 | Norway | | 4.1 | | 3.6 | The Netherlands | | 3.5 | | 1.4 | Belgium | | 3.5 | | 3.0 | Poland | | 3.3 | | 2.1 | Ireland | | 1.9 | | 1.4 | Austria | | 1.1 | | 1.7 | Spain | | 1.1 | | 2.2 | Portugal | | 0.6 | | 0.8 | Switzerland | | 0.6 | | 0.7 | Italy | | 0.2 | | 0.2 | Serbia | | 0.2 | | 0.3 | Slovakia | | 0.1 | | 0.1 | Estonia | | 0.1 | | 0.1 | Iceland | | 0.1 | | 0.1 | Czech Republic | | 0.0 | | 0.2 | Latvia | | 0.0 | | 0.1 | Lithuania | | 0.0 | | 0.2 | Total | | 77.7 | | 66.3 |
|