Swedish Export Credit Corp /Swed (GRU) 6-K 16 Jul 24 2024 Q2 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2024
Document and Entity Information
Entity Registrant Name	SWEDISH EXPORT CREDIT CORP /SWED/
Entity Central Index Key	0000352960
Document Type	6-K
Document Period End Date	Jun. 30, 2024
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

Condensed Consolidated Statemen

Condensed Consolidated Statement of Comprehensive Income (unaudited) - SEK (kr) kr in Millions		3 Months Ended			6 Months Ended		12 Months Ended
		Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Condensed Consolidated Statement of Comprehensive Income (unaudited)
Interest income		kr 4,981	kr 5,079	kr 4,724	kr 10,060	kr 8,767	kr 19,438
Interest expenses		(4,215)	(4,309)	(4,000)	(8,524)	(7,410)	(16,543)
Net interest income		766	770	724	1,536	1,357	2,895
Net fee and commission expense		(12)	(11)	(13)	(23)	(20)	(51)
Net results of financial transactions		(16)	(35)	(48)	(51)	(98)	21
Total operating income		738	724	663	1,462	1,239	2,865
Personnel expenses		(130)	(108)	(105)	(238)	(206)	(402)
Other administrative expenses		(60)	(57)	(59)	(117)	(115)	(222)
Depreciation and impairment of non-financial assets		(16)	(16)	(17)	(32)	(33)	(88)
Total operating expenses		(206)	(181)	(181)	(387)	(354)	(712)
Operating profit before credit losses		532	543	482	1,075	885	2,153
Net credit losses		46	(327)	(256)	(281)	(239)	(585)
Operating profit		578	216	226	794	646	1,568
Tax expenses		(119)	(45)	(47)	(164)	(133)	(324)
Net profit	[1]	459	171	179	630	513	1,244
Items to be reclassified to profit or loss
Derivatives in cash flow hedges		24	(8)	(39)	16	(28)	63
Tax on items to be reclassified to profit or loss		(5)	2	8	(3)	6	(13)
Net items to be reclassified to profit or loss		19	(6)	(31)	13	(22)	50
Items not to be reclassified to profit or loss
Own credit risk		22	75	12	97	21	(23)
Revaluation of defined benefit plans		1	1	0	2	0	(6)
Tax on items not to be reclassified to profit or loss		(5)	(15)	(2)	(20)	(4)	6
Net items not to be reclassified to profit or loss		18	61	10	79	17	(23)
Total other comprehensive income		37	55	(21)	92	(5)	27
Total comprehensive income	[1]	kr 496	kr 226	kr 158	kr 722	kr 508	kr 1,271
Basic earnings per share (in SEK per share)	[2]	kr 115	kr 43	kr 45	kr 158	kr 129	kr 312
Diluted earnings per share (in SEK per share)	[2]	kr 115	kr 43	kr 45	kr 158	kr 129	kr 312
[1] The entire profit is attributable to the shareholder of the Parent Company. Net profit divided by average number of shares, which amounts to 3,990,000 for each period.

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Comprehensive Income (unaudited) (Parenthetical) - shares	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Condensed Consolidated Statement of Comprehensive Income (unaudited)
Weighted average number of shares (in shares)	3,990,000	3,990,000	3,990,000	3,990,000	3,990,000	3,990,000

Consolidated Statement of Finan

Consolidated Statement of Financial Position (unaudited) - SEK (kr) kr in Millions		Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	[1]	kr 11,860	kr 3,482
Treasuries/government bonds		8,216	11,525
Other interest-bearing securities except loans		57,358	41,561
Loans in the form of interest-bearing securities		49,447	51,227
Loans to credit institutions		12,846	19,009
Loans to the public		219,053	224,165
Derivatives		6,904	6,432
Shares		34
Tangible and intangible assets		223	245
Deferred tax asset		9	13
Other assets		444	276
Prepaid expenses and accrued revenues		7,893	7,994
Total assets		374,287	365,929
Liabilities and equity
Borrowing from credit institutions		3,660	3,628
Debt securities issued		323,508	314,108
Derivatives		7,267	12,637
Other liabilities		7,817	4,272
Accrued expenses and prepaid revenues		8,694	8,387
Provisions		21	51
Total liabilities		350,967	343,083
Share capital		3,990	3,990
Reserves		5	(87)
Retained earnings		19,325	18,943
Total equity	[2]	23,320	22,846
Total liabilities and equity		kr 374,287	kr 365,929
[1] Cash and cash equivalents include, in this context, cash at banks that can be immediately converted into cash and short-term deposits for which the time to maturity does not exceed three months from trade date. The entire equity is attributable to the shareholder of the Parent Company.

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Equity (unaudited) - SEK (kr) kr in Millions		Share capital	Hedge reserve	Own credit risk	Defined benefit plans	Retained earnings	Total
Balance at the beginning of the period at Dec. 31, 2022		kr 3,990	kr (97)	kr (23)	kr 6	kr 17,699	kr 21,575
Net profit						513	513	[1]
Other comprehensive income			(22)	17	0		(5)
Total comprehensive income			(22)	17	0	513	508	[1]
Balance at the end of the period at Jun. 30, 2023	[2]	3,990	(119)	(6)	6	18,212	22,083
Balance at the beginning of the period at Dec. 31, 2022		3,990	(97)	(23)	6	17,699	21,575
Net profit						1,244	1,244	[1]
Other comprehensive income			50	(18)	(5)		27
Total comprehensive income			50	(18)	(5)	1,244	1,271	[1]
Balance at the end of the period at Dec. 31, 2023	[2]	3,990	(47)	(41)	1	18,943	22,846
Net profit						630	630	[1]
Other comprehensive income			13	77	2		92
Total comprehensive income			13	77	2	630	722	[1]
Dividend						(248)	(248)
Balance at the end of the period at Jun. 30, 2024	[2]	kr 3,990	kr (34)	kr 36	kr 3	kr 19,325	kr 23,320
[1] The entire profit is attributable to the shareholder of the Parent Company. The entire equity is attributable to the shareholder of the Parent Company.

Condensed Statement of Cash Flo

Condensed Statement of Cash Flows in the Consolidated Group (unaudited) - SEK (kr) kr in Millions		6 Months Ended			12 Months Ended
		Jun. 30, 2024		Jun. 30, 2023	Dec. 31, 2023
Operating activities
Operating profit		kr 794		kr 646	kr 1,568
Adjustments for non-cash items in operating profit
Adjustments for non-cash items in operating profit		843		892	1,259
Income tax paid		(268)		(256)	(528)
Changes in assets and liabilities from operating activities		10,935		(7,918)	3,545
Cash flow from operating activities		12,304		(6,636)	5,844
Investing activities
Capital expenditures		(11)		(16)	(26)
Cash flow from investing activities		(11)		(16)	(26)
Financing activities
Change in senior debt		(3,052)		7,011	(8,900)
Derivatives, net		(735)		1,438	2,868
Dividend paid		(248)
Payment of lease liability		(14)		(14)	(28)
Cash flow from financing activities		(4,049)		8,435	(6,060)
Cash flow for the period		8,244		1,783	(242)
Cash and cash equivalents at beginning of the period		3,482	[1]	4,060	4,060
Exchange-rate differences on cash and cash equivalents		134		(6)	(336)
Cash and cash equivalents at end of the period	[1]	kr 11,860		kr 5,837	kr 3,482
[1] Cash and cash equivalents include, in this context, cash at banks that can be immediately converted into cash and short-term deposits for which the time to maturity does not exceed three months from trade date.

Accounting policies

Accounting policies	6 Months Ended
	Jun. 30, 2024
Accounting policies
Accounting policies	Note 1. Accounting policies This condensed interim report is presented in accordance with International Accounting Standard (IAS) 34, Interim Financial Reporting. The Consolidated Group’s consolidated accounts have been prepared in accordance with the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), together with the interpretations from IFRS Interpretations Committee (IFRS IC). The IFRS standards applied by SEK are all endorsed by the European Union (EU). The accounting also follows the additional standards imposed by the Annual Accounts Act for Credit Institutions and Securities Companies (1995:1559) (ÅRKL) and the regulation and general guidelines issued by Finansinspektionen (the Swedish FSA), “Annual Reports in Credit Institutions and Securities Companies” (FFFS 2008:25). In addition to this, the supplementary accounting rules for groups (RFR 1) issued by the Swedish Financial Reporting Board have been applied. SEK also follows the state’s principles for external reporting in accordance with its State Ownership Policy and principles for state-owned enterprises. The accounting policies, methods of computation and presentation of the Consolidated Group are, in all material aspects, the same as those used for the 2023 annual financial statements included in SEK’s 2023 Annual Report on Form 20-F. SEK analyzes and assesses the application and impact of changes in financial reporting standards that are applied within the Group. Changes that are not mentioned are either not applicable to SEK or have been determined to not have a material impact on SEK’s financial reporting. There are no IFRS or IFRS Interpretations Committee interpretations that are not yet applicable that are expected to have a material impact on SEK’s financial statements, capital adequacy or large exposure ratios. ​

Net interest income

Net interest income	6 Months Ended
	Jun. 30, 2024
Net interest income
Net interest income	Note 2. Net interest income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Apr-Jun ​ Jan–Mar ​ Apr-Jun ​ Jan-Jun ​ Jan-Jun ​ Jan-Dec Skr mn 2024 2024 2023 2024 2023 2023 Interest income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans to credit institutions ​ 227 249 315 ​ 476 ​ 576 1,113 Loans to the public ​ 2,506 2,522 2,180 ​ 5,028 ​ 4,134 9,181 Loans in the form of interest-bearing securities ​ 604 ​ 628 606 ​ 1,232 ​ 1,119 2,448 Interest-bearing securities excluding loans in the form of interest-bearing securities ​ 672 ​ 685 ​ 701 ​ 1,357 ​ 1,299 ​ 2,885 Derivatives ​ 902 920 847 ​ 1,822 ​ 1,495 3,519 Administrative remuneration CIRR-system ​ 64 ​ 65 ​ 66 ​ 129 ​ 127 ​ 261 Other assets ​ 6 ​ 10 9 ​ 16 ​ 17 31 Total interest income 1 ​ 4,981 5,079 4,724 ​ 10,060 ​ 8,767 19,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expenses ​ -4,152 ​ -4,248 ​ -3,939 ​ -8,400 ​ -7,288 ​ -16,299 Resolution fee ​ -26 ​ -26 ​ -24 ​ -53 ​ -47 ​ -94 Risk tax ​ -37 ​ -35 ​ -37 ​ -71 ​ -75 ​ -150 Total interest expenses ​ -4,215 -4,309 -4,000 ​ -8,524 ​ -7,410 -16,543 Net interest income ​ 766 770 724 ​ 1,536 ​ 1,357 2,895 ​ 1 Interest income calculated using the effective interest method amounted to Skr 7,043 million during January-June 2024 (1H23: Skr 6,111 million).

Net results of financial transa

Net results of financial transactions	6 Months Ended
	Jun. 30, 2024
Net results of financial transactions
Net results of financial transactions	Note 3. Net results of financial transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Apr-Jun ​ Jan–Mar ​ Apr-Jun ​ Jan-Jun ​ Jan-Jun ​ Jan-Dec Skr mn 2024 2024 2023 2024 2023 2023 Derecognition of financial instruments not measured at fair value through profit or loss ​ 1 ​ 2 ​ 2 ​ 3 ​ 4 ​ 9 Financial assets or liabilities at fair value through profit or loss ​ -36 ​ -25 ​ -54 ​ -61 ​ -93 ​ 33 Financial instruments under fair-value hedge accounting ​ 20 ​ -7 ​ 4 ​ 13 ​ -9 ​ -23 Currency exchange-rate effects on all assets and liabilities excl. currency exchange-rate effects related to revaluation at fair value -1 -5 0 -6 ​ 0 2 Total net results of financial transactions -16 -35 -48 -51 ​ -98 21 ​

Impairments

Impairments	6 Months Ended
	Jun. 30, 2024
Impairments
Impairments	Note 4. Impairments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Apr-Jun ​ Jan–Mar ​ Apr-Jun ​ Jan-Jun ​ Jan-Jun ​ Jan-Dec Skr mn 2024 2024 2023 2024 2023 2023 Expected credit losses, stage 1 ​ 36 ​ 48 ​ -3 ​ 84 ​ 1 ​ -36 Expected credit losses, stage 2 ​ 14 ​ 40 ​ 2 ​ 54 ​ 7 ​ -40 Expected credit losses, stage 3 ​ -7 ​ -415 ​ -256 ​ -422 ​ -249 ​ -513 Established losses — -113 — ​ -113 ​ — ​ — Reserves applied to cover established credit losses ​ — ​ 113 ​ — ​ 113 ​ — ​ — Recovered credit losses 3 0 1 ​ 3 ​ 2 4 Net credit losses 46 -327 -256 ​ -281 ​ -239 -585 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 Skr mn Stage 1 Stage 2 Stage 3 Total Total Loans, before expected credit losses 237,063 31,377 9,210 277,650 284,060 Off-balance sheet exposures, before expected credit losses 50,646 19,420 5,223 75,289 62,446 Total, before expected credit losses 287,709 50,797 14,433 352,939 346,506 Loss allowance, loans -77 -7 -888 -972 -757 Loss allowance, off-balance sheet exposures 1 -8 -1 -2 -11 -38 Total loss allowance -85 -8 -890 -983 -795 Provision ratio (in percent) 0.03 ​ 0.02 ​ 6.17 ​ 0.28 ​ 0.23 ​ 1 Recognized under provision in Consolidated Statement of Financial Position. Off-balance sheet exposures consist of guarantee commitments and committed undisbursed loans, see Note 9. ​ The table above shows the book value of loans and nominal amounts for off-balance sheet exposures before expected credit losses for each stage as well as related loss allowance amounts, in order to place expected credit losses in relation to credit exposures. Overall, the credit portfolio has an extremely high credit quality and SEK often uses risk mitigation measures, primarily through guarantees from the Swedish Export Credit Agency (EKN) and other government export credit agencies in the Organisation for Economic Co-operation and Development (OECD), which explains the low provision ratio. Loss Allowance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 Skr mn Stage 1 Stage 2 Stage 3 Total Total Opening balance January 1 ​ -167 -61 ​ -567 ​ -795 ​ -223 Increases due to origination and acquisition ​ -17 -1 — ​ -18 -137 Net remeasurement of loss allowance ​ 78 0 -96 -18 15 Transfer to stage 1 ​ 0 ​ 0 — 0 0 Transfer to stage 2 ​ 0 0 — 0 -22 Transfer to stage 3 ​ 1 3 -331 -327 -491 Decreases due to derecognition ​ 22 52 5 79 46 Decrease in allowance account due to write-offs ​ — — 113 113 — Exchange-rate differences 1 ​ -2 -1 -14 -17 17 Closing balance ​ -85 -8 -890 -983 -795 ​ 1 Recognized under net results of financial transactions in Statement of Comprehensive Income. ​ Provisions for expected credit losses (ECLs) are calculated using quantitative models based on inputs, assumptions and methods that are highly reliant on assessments. In particular, the following could heavily impact the level of provisions: the establishment of a material increase in credit risk, allowing for forward-looking macroeconomic scenarios, and the measurement of both ECLs over the next 12 months and lifetime ECLs. ECLs are based on objective assessments of what SEK expects to lose on the exposures given what was known on the reporting date and taking into account possible future events. The ECL is a probability-weighted amount that is determined by evaluating the outcome of several possible scenarios and where the data taken into consideration comprises information from previous conditions, current conditions and projections of future economic conditions. SEK’s method entails three scenarios being prepared for each probability of default curve: a base scenario, a downturn scenario, and an upturn scenario, where the scenarios are expressed in a business cycle parameter. The business cycle parameter reflects the general risk of default in each geographic segment. The parameter is standard normally distributed where zero indicates a neutral economy as the economy has been on average, historically. The business cycle parameters for the base scenario are between 0.0 and 0.7 for the various probability of default (PD) segments. The base scenarios have been weighted at 80 percent, the downturn scenarios have been weighted at 10 percent, and the upturn scenarios have been weighted at 10 percent between the different PD-segments. Due to the current state of macroeconomic uncertainty, SEK has made an overall adjustment according to management’s overall assessment. This resulted in an increase of expected credit losses, which was calculated pursuant to SEK’s IFRS 9 model as of June 30, 2024.

Financial assets and liabilitie

Financial assets and liabilities at fair value	6 Months Ended
	Jun. 30, 2024
Financial assets and liabilities at fair value
Financial assets and liabilities at fair value	Note 5. Financial assets and liabilities at fair value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ ​ ​ Surplus value (+)/ Skr mn Book value Fair value Deficit value (–) Cash and cash equivalents 11,860 11,860 — Treasuries/governments bonds 8,216 8,216 — Other interest-bearing securities except loans 57,358 57,358 — Loans in the form of interest-bearing securities 49,447 50,578 1,131 Loans to credit institutions 12,846 13,054 208 Loans to the public 219,053 218,587 -466 Derivatives 6,904 6,904 — Shares ​ 34 ​ 34 ​ — Total financial assets 365,718 366,591 873 ​ ​ ​ ​ ​ ​ ​ Borrowing from credit institutions 3,660 3,660 — Debt securities issued 323,508 323,585 77 Derivatives 7,267 7,267 — Total financial liabilities 334,435 334,512 77 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ Surplus value (+)/ Skr mn ​ Book value ​ Fair value ​ Deficit value (–) Cash and cash equivalents 3,482 3,482 — Treasuries/governments bonds 11,525 11,525 — Other interest-bearing securities except loans 41,561 41,561 — Loans in the form of interest-bearing securities 51,227 52,519 1,292 Loans to credit institutions 19,009 19,260 251 Loans to the public 224,165 223,759 -406 Derivatives 6,432 6,432 — Shares ​ — ​ — ​ — Total financial assets 357,401 358,538 1,137 ​ ​ ​ ​ ​ ​ ​ Borrowing from credit institutions 3,628 3,628 — Debt securities issued 314,108 313,931 -177 Derivatives 12,637 12,637 — Total financial liabilities 330,373 330,196 -177 ​ Determination of fair value The determination of fair value is described in the annual financial statements included in SEK’s 2023 Annual Report on Form 20-F, see Note 1 (f) (vii) Principles for determination of fair value of financial instruments and (viii) Determination of fair value of certain types of financial instruments. Financial assets in fair value hierarchy ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at fair value Skr mn Level 1 Level 2 Level 3 Total Treasuries/governments bonds — 8,216 — 8,216 Other interest-bearing securities except loans 19,727 37,631 — 57,358 Derivatives — 6,863 41 6,904 Shares ​ 34 ​ — ​ — ​ 34 Total, June 30, 2024 ​ 19,761 ​ 52,710 ​ 41 ​ 72,512 Total, December 31, 2023 18,191 ​ 41,272 ​ 55 ​ 59,518 ​ Financial liabilities in fair value hierarchy ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at fair value Skr mn Level 1 Level 2 Level 3 Total Debt securities issued — 14,551 3,986 18,537 Derivatives ​ — ​ 5,468 ​ 1,799 ​ 7,267 Total, June 30, 2024 ​ — ​ 20,019 ​ 5,785 ​ 25,804 Total, December 31, 2023 — 22,531 10,605 33,136 ​ There were no transfers during the period (year-end 2023: transfers of Skr 11,291 million for debt securities issued and Skr -27 million for derivatives were made from level 3 to level 2). Financial assets and liabilities at fair value in Level 3, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains (+) and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains (+) and ​ losses (–) in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transfers ​ losses (–) ​ Other ​ Exchange- ​ ​ ​ ​ January 1, ​ ​ ​ Settlements & ​ Transfers ​ from ​ through profit ​ comprehensive ​ rate ​ June 30, Skr mn 2024 Purchases sales to Level 3 Level 3 or loss 1 income differences 2024 Debt securities issued -8,271 — 4,111 — — -104 -10 ​ 288 -3,986 Derivatives, net -2,279 — 1,001 — — 105 — ​ -585 -1,758 Net assets and liabilities -10,550 — 5,112 — — 1 -10 ​ -297 -5,744 ​ Financial assets and liabilities at fair value in Level 3, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains (+) and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains (+) and ​ losses (–) in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transfers ​ losses (–) ​ Other ​ Exchange- ​ ​ ​ ​ January 1, ​ ​ ​ Settlements & ​ Transfers ​ from ​ through profit ​ comprehensive ​ rate ​ December 31, Skr mn 2023 Purchases sales to Level 3 Level 3 or loss 1 income differences 2023 Debt securities issued -26,536 -180 10,202 -1,912 11,291 -1,927 -207 998 ​ -8,271 Derivatives, net -4,516 — 1,416 — -27 1,419 — -571 ​ -2,279 Net assets and liabilities -31,052 -180 11,618 -1,912 11,264 -508 -207 427 ​ -10,550 ​ 1 Gains and losses through profit or loss, including the impact of exchange rates, is reported as net interest income and net results of financial transactions. The unrealized fair value changes for assets and liabilities, including the impact of exchange rates, held as of June 30, 2024, amounted to a Skr -7 million loss (year-end 2023: Skr - 27 million loss) and are reported as net results of financial transactions. ​ Uncertainty of valuation of Level 3 instruments As the estimation of parameters included in the models used to calculate the market value of Level 3 instruments is associated with subjectivity and uncertainty, SEK has conducted an analysis of the difference in fair value of Level 3 instruments using other established parameter values. Option models and discounted cash flows are used to value the Level 3 instruments. For the Level 3 instruments that are significantly affected by different types of correlations, which are not based on observable market data, a revaluation has been made by shifting the correlations. The correlation is expressed as a value between 1 and -1, where 0 indicates no relationship, 1 indicates a maximum positive relationship and -1 indicates a maximum negative relationship. The maximum correlation in the range of unobservable inputs can thus be from 1 to -1. In the analysis, the correlations have been adjusted by which spreads by basis Sensitivity analysis – level 3 assets and liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets and liabilities ​ June 30, 2024 ​ ​ ​ ​ ​ ​ Range of estimates ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unobservable ​ for unobservable ​ ​ ​ Sensitivity ​ Sensitivity Skr mn Fair Value input input Valuation method max min ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity -253 Correlation 0.12 – (0.12) Option Model 0 ​ 0 Interest rate 0 Correlation 0.12 – (0.12) Option Model 0 ​ 0 FX -1,362 Correlation 0.12 – (0.12) Option Model -20 ​ 20 Other -143 Correlation 0.12 – (0.12) Option Model 0 ​ 0 Sum derivatives, net -1,758 ​ ​ ​ ​ ​ -20 ​ 20 Equity -196 Correlation 0.12 – (0.12) Option Model 0 ​ 0 ​ ​ Credit spreads 10BP – (10BP) Discounted cash flow 0 ​ 0 Interest rate 0 Correlation 0.12 – (0.12) Option Model 0 ​ 0 ​ ​ Credit spreads 10BP – (10BP) Discounted cash flow 0 ​ 0 FX -3,643 Correlation 0.12 – (0.12) Option Model 19 ​ -19 ​ ​ Credit spreads 10BP – (10BP) Discounted cash flow 15 ​ -15 Other -147 Correlation 0.12 – (0.12) Option Model 0 ​ 0 ​ ​ Credit spreads 10BP – (10BP) Discounted cash flow 0 ​ 0 Sum debt securities issued -3,986 ​ ​ ​ ​ ​ 34 ​ -34 Total effect on total comprehensive income ​ ​ ​ ​ ​ ​ ​ ​ ​ 14 ​ -14 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives, net, December 31, 2023 ​ -2,279 ​ ​ ​ ​ ​ ​ ​ -22 ​ 22 Debt securities issued, December 31, 2023 ​ -8,271 ​ ​ ​ ​ ​ ​ ​ 47 ​ -47 Total effect on total comprehensive income, December 31, 2023 ​ 25 -25 ​ The sensitivity analysis shows the effect that a shift in correlations or SEK’s own credit spread has on Level 3 instruments. The table presents maximum positive and negative change in fair value when correlations or SEK’s own credit spread is shifted by +/– 0.12 and +/- 10 basis points , respectively. When determining the total maximum/minimum effect on total comprehensive income the most adverse/favorable shift is chosen, considering the net exposure arising from the issued securities and the derivatives, for each correlation. ​ Fair value related to credit risk ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value originating from credit risk ​ The period’s change in fair value originating ​ ​ (- liabilities increase/ + liabilities decrease) ​ from credit risk (+ income/ - loss) ​ ​ June 30, ​ December 31, ​ Jan-Jun ​ Jan-Jun Skr mn 2024 2023 2024 2023 CVA/DVA, net 1 ​ -34 ​ -39 ​ 5 ​ -2 OCA 2 ​ 42 ​ -55 ​ 97 ​ 21 ​ 1 Credit value adjustment (CVA) and Debt value adjustment (DVA) reflects how the counterparties’ credit risk as well as SEK’s own credit rating affects the fair value of derivatives. 2 Own credit adjustment (OCA) reflects how the changes in SEK’s credit rating affects the fair value of financial liabilities measured at fair value through profit and loss.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2024
Derivatives
Derivatives	Note 6. Derivatives Derivatives by category ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 ​ ​ Assets ​ Liabilities ​ Nominal ​ Assets ​ Liabilities ​ Nominal Skr mn Fair value Fair value amounts Fair value Fair value amounts Interest rate-related contracts 3,865 1,370 527,448 3,918 1,720 483,545 Currency-related contracts 3,039 5,501 165,267 2,509 9,789 158,019 Equity-related contracts — 253 310 5 1,002 3,722 Contracts related to commodities, credit risk, etc. — 143 7,022 — 126 5,533 Total derivatives 6,904 7,267 700,047 6,432 12,637 650,819 ​ In accordance with SEK’s policies with regard to counterparty, interest rate, currency exchange, and other exposures, SEK uses, and is a party to, different kinds of derivative instruments, mostly various interest rate-related and currency exchange-related contracts, primarily to hedge risk exposure inherent in financial assets and liabilities. These contracts are carried at fair value in the statements of financial position on a contract-by-contract basis.

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt
Debt	Note 7. Debt ​ Debt by category ​ ​ ​ ​ ​ ​ ​ June 30, December 31, Skr mn ​ 2024 ​ 2023 Currency-related contracts ​ 5,206 ​ 6,368 Interest rate-related contracts 321,620 307,626 Equity-related contracts 195 3,594 Contracts related to commodities, credit risk, etc. 147 148 Total debt 327,168 317,736 of which denominated in: Skr 22,422 17,029 USD 209,782 200,222 EUR 61,246 61,325 AUD 12,044 11,934 GBP 9,654 9,304 JPY 3,995 8,139 Other currencies 8,025 9,783 ​ The information is disclosed in accordance with FFFS 2014:21.

CIRR-system

CIRR-system	6 Months Ended
	Jun. 30, 2024
CIRR-system
CIRR-system	Note 8. CIRR-system Pursuant to the company’s assignment as stated in its owner instruction issued by the Swedish government, SEK administers credit granting in the Swedish system for officially supported export credits (CIRR-system). SEK receives compensation from the Swedish government in the form of an administrative compensation, which is calculated based on the principal amount outstanding. The administrative compensation paid by the state to SEK is recognized in the CIRR-system as administrative remuneration to SEK. Refer to the following tables of the statement of comprehensive income and statement of financial positions for the CIRR-system, presented as reported to the owner. Interest expenses include interest expenses for loans between SEK and the CIRR-system which reflects the borrowing cost for the CIRR-system. Interest expenses for derivatives hedging CIRR-loans are also recognized as interest expenses, which differs from SEK’s accounting principles. Arrangement fees to SEK are recognized together with other arrangement fees as interest expenses. In addition to the CIRR-system, SEK administers the Swedish government’s previous concessionary credit program according to the same principles as the CIRR-system. No new lending is being offered under the concessionary credit program. As of June 30, 2024, concessionary loans outstanding amounted to Skr 123 million (year-end 2023: Skr 174 million) and operating profit for the program amounted to Skr -4 million (1H23: Skr -10 million) for the period January-June 2024. SEK’s administrative compensation for administrating the concessionary credit program amounted to Skr 0 million (1H23: Skr 0 million). Statement of Comprehensive Income for the CIRR-system ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Apr-Jun ​ Jan–Mar ​ Apr-Jun ​ Jan-Jun ​ Jan-Jun ​ Jan-Dec Skr mn 2024 2024 ​ 2023 ​ 2024 2023 2023 Interest income 576 586 ​ 577 ​ 1,162 1,128 2,329 Interest expenses -505 -523 ​ -485 ​ -1,028 -947 -1,904 Interest compensation — — ​ — ​ — — — Exchange-rate differences 0 1 ​ 1 ​ 1 1 1 Profit before compensation to SEK ​ 71 ​ 64 ​ 93 ​ 135 ​ 182 ​ 426 Administrative remuneration to SEK ​ -64 ​ -65 ​ -66 ​ -129 ​ -127 ​ -260 Operating profit CIRR-system ​ 7 ​ -1 ​ 27 ​ 6 ​ 55 ​ 166 Reimbursement to (–) / from (+) the State -7 1 ​ -27 ​ -6 -55 -166 ​ Statement of Financial Position for the CIRR-system ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Skr mn 2024 2023 Cash and cash equivalents 0 1 Loans 97,420 101,361 Derivatives 5,077 4,334 Other assets 228 179 Prepaid expenses and accrued revenues 2,036 1,711 Total assets 104,761 107,586 Liabilities 103,116 105,642 Derivatives 311 859 Accrued expenses and prepaid revenues 1,334 1,085 Total liabilities 104,761 107,586 Commitments ​ ​ Committed undisbursed loans 50,212 36,505 ​

Pledged assets and contingent l

Pledged assets and contingent liabilities	6 Months Ended
	Jun. 30, 2024
Pledged assets and contingent liabilities
Pledged assets and contingent liabilities	Note 9. Pledged assets and contingent liabilities ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Skr mn 2024 2023 Collateral provided Cash collateral under the security agreements for derivative contracts 4,668 11,098 Contingent liabilities 1 Guarantee commitments 8,189 7,471 Commitments 1 Committed undisbursed loans 67,100 54,975 ​ 1 For expected credit losses in guarantee commitments and committed undisbursed loans, see Note 4.

Capital adequacy and liquidity

Capital adequacy and liquidity situation	6 Months Ended
	Jun. 30, 2024
Capital adequacy and liquidity situation
Capital adequacy and liquidity situation	Note 10. Capital adequacy and liquidity situation The capital adequacy analysis relates to the parent company AB Svensk Exportkredit. The information is disclosed according to FFFS 2014:12, FFFS 2008:25 and FFFS 2010:7. For further information on capital adequacy and risks, see Note 30 to the annual financial statements included in SEK’s 2023 Annual Report on Form 20-F and see SEK’s 2023 Capital Adequacy and Risk Management (Pillar 3) Report. Capital Adequacy Analysis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 December 31, 2023 Capital ratios percent 1 percent 1 Common Equity Tier 1 capital ratio 22.6 ​ 21.3 Tier 1 capital ratio 22.6 ​ 21.3 Total capital ratio 22.6 ​ 21.3 ​ 1 Capital ratios exclusive of buffer requirements are the quotients of the relevant capital measure and the total risk exposure amount. See tables Own funds – adjusting items and Minimum capital requirements exclusive of buffer. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 Total risk-based capital requirement Skr mn percent 1 Skr mn percent 1 Capital base requirement of 8 percent 2 ​ 8,074 ​ 8.0 ​ 8,377 ​ 8.0 of which Tier 1 requirement of 6 percent ​ 6,055 ​ 6.0 ​ 6,283 ​ 6.0 of which minimum requirement of 4.5 percent ​ 4,541 ​ 4.5 ​ 4,712 ​ 4.5 Pillar 2 capital requirements 3 ​ 3,704 ​ 3.7 ​ 3,843 ​ 3.7 Common Equity Tier 1 capital available to meet buffer requirements 4 ​ 11,031 ​ 10.9 ​ 10,084 ​ 9.6 Capital buffer requirements ​ 4,143 ​ 4.1 ​ 4,271 ​ 4.1 of which Capital conservation buffer 2,523 2.5 ​ 2,618 2.5 of which Countercyclical buffer 1,620 1.6 ​ 1,653 1.6 Pillar 2 guidance 5 ​ 1,514 ​ 1.5 ​ 1,571 ​ 1.5 Total risk-based capital requirement including Pillar 2 guidance 17,435 17.3 ​ 18,062 17.2 ​ 1 Expressed as a percentage of total risk exposure amount. 2 The minimum requirements according to CRR (Regulation (EU) No 575/2013 of the European Parliament and of the Council of June 26, 2013, on prudential requirements for credit institutions and investment firms) and amending Regulation (EU) No 648/2012). 3 Individual Pillar 2 requirement of 3.67 percent calculated on the total risk exposure amount, according to the decision from the latest Swedish FSA Supervisory Review and Evaluation Process (“SREP”) on September 29, 2021. 4 Common Equity Tier 1 capital available to meet buffer requirement after 8 percent minimum capital requirement (SEK covers all minimum requirements with CET1 capital, that is 4.5 percent, 1.5 percent and 2 percent) and after the Pillar 2 requirements ( 3.67 percent). 5 The Swedish FSA notified SEK on September 29, 2021, within the latest SREP, that in addition to the capital requirements according to Regulation (EU) no 575/2013 on prudential requirements, SEK should hold additional capital (Pillar 2 guidance) of 1.50 percent of the total risk-weighted exposure amount. The Pillar 2 guidance is not a binding requirement. ​ ​ ​ ​ ​ ​ ​ June 30, 2024 December 31, 2023 Leverage ratio 1 ​ Skr mn ​ Skr mn On-balance sheet exposures 252,636 232,462 Off-balance sheet exposures 8,747 8,529 Total exposure measure 261,383 240,991 Leverage ratio 2 8.7% ​ 9.3% ​ 1 The leverage ratio reflects the full impact of IFRS 9 as no transitional rules were utilized. 2 Defined by CRR as the quotient of the Tier 1 capital and an exposure measure. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 December 31, 2023 Total Leverage ratio requirement Skr mn percent 1 Skr mn percent 1 Capital base requirement of 3 percent ​ 7,841 ​ 3.0 ​ 7,230 ​ 3.0 Pillar 2 guidance 2 ​ 393 ​ 0.2 ​ 361 ​ 0.2 Total capital requirement relating to Leverage ratio including Pillar 2 guidance ​ 8,234 ​ 3.2 ​ 7,591 ​ 3.2 ​ 1 Expressed as a percentage of total exposure amount. 2 The Swedish FSA has on September 29, 2021, notified SEK, within the latest SREP, that SEK may hold additional capital (Pillar 2 guidance) of 0.15 percent calculated on the total Leverage ratio exposure measure. The Pillar 2 guidance is not a binding requirement. ​ Own funds – Adjusting items ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Skr mn 2024 2023 Share capital 3,990 3,990 Retained earnings 18,382 17,403 Accumulated other comprehensive income and other reserves 240 234 Independently reviewed profit net of any foreseeable charge or dividend 454 972 Common Equity Tier 1 (CET1) capital before regulatory adjustments 23,066 22,599 Additional value adjustments due to prudent valuation 1 -91 -85 Intangible assets -26 -34 Fair value reserves related to gains or losses on cash flow hedges 34 47 Gains or losses on liabilities valued at fair value resulting from changes in own credit standing 26 28 Negative amounts resulting from the calculation of expected loss amounts ​ -164 ​ -221 Insufficient coverage for non-performing exposures ​ -55 ​ -12 Total regulatory adjustments to Common Equity Tier 1 capital -276 -277 Total Common Equity Tier 1 capital 22,790 22,322 Total Own funds 22,790 22,322 ​ 1 During the fourth quarter of 2023, SEK switched accounting method from the core approach to the simplified approach for prudent valuation in accordance with Article 4 of the Delegated Regulation (EU) no 2016/101. Minimum capital requirements exclusive of buffer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Minimum ​ ​ ​ ​ ​ Minimum ​ ​ Risk exposure capital ​ Risk exposure capital Skr mn ​ EAD 1 ​ amount ​ requirement ​ EAD 1 ​ amount ​ requirement Credit risk standardized method ​ ​ ​ ​ ​ Corporates 4,767 4,756 381 4,219 4,206 337 Exposures in default ​ 109 ​ 126 ​ 10 ​ 77 ​ 77 ​ 6 Total credit risk standardized method 4,876 4,882 391 4,296 4,283 343 Credit risk IRB method ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Central Governments ​ 235,442 ​ 10,304 ​ 825 ​ 211,650 ​ 9,416 ​ 753 Financial institutions 2 33,896 5,989 479 33,236 6,580 526 Corporates 3 145,720 72,139 5,771 144,559 76,038 6,083 Assets without counterparty ​ 367 ​ 367 ​ 29 ​ 284 ​ 284 ​ 23 Total credit risk IRB method 415,425 88,799 7,104 389,729 92,318 7,385 Credit valuation adjustment risk n.a. 1,974 158 n.a. 2,490 199 Foreign exchange risk n.a. 824 66 n.a. 1,174 94 Commodities risk n.a. 0 0 n.a. 7 1 Operational risk n.a. 4,442 355 n.a. 4,442 335 Total 420,301 100,921 8,074 394,025 104,714 8,377 ​ 1 Exposure at default (EAD) shows the size of the outstanding exposure at default. 2 Of which counterparty risk in derivatives: EAD Skr 6,106 million (year-end 2023: Skr 7,127 million), Risk exposure amount of Skr 1,574 million (year-end 2023: Skr 2,167 million) and Capital requirement of Skr 126 million (year-end 2023: Skr 173 million). 3 Of which related to specialized lending: EAD Skr 7,595 million (year-end 2023: Skr 7,315 million), Risk exposure amount of Skr 4,996 million (year-end 2023: Skr 5,757 million) and Capital requirement of Skr 400 million (year-end 2023: Skr 461 million). ​ Credit risk For classification and quantification of credit risk, SEK uses the internal ratings-based (IRB) approach. Specifically, SEK applies the Foundation Approach. Under the Foundation Approach, the company determines the PD within one year for each of its counterparties, while the remaining parameters are established in accordance with CRR. Application of the IRB approach requires the Swedish FSA’s permission and is subject to ongoing supervision. Certain exposures are, by permission from the Swedish FSA, exempted from application of the IRB approach, and, instead, the standardized approach Credit valuation adjustment risk Credit valuation adjustment risk is calculated for all over-the-counter derivative contracts, except for credit derivatives used as credit protection and transactions with a qualifying central counterparty. SEK calculates this capital requirement according to the standardized approach Foreign exchange risk Foreign exchange risk is calculated according to the standardized approach scenario approach Commodities risk Capital requirements for commodity risk are calculated in accordance with the simplified approach standardized approach scenario approach Operational risk Capital requirement for operational risk is calculated according to the standardized approach three Transitional rules The capital adequacy ratios reflect the full impact of IFRS 9 as no transitional rules for IFRS 9 were utilized. Capital buffer requirements SEK expects to meet capital buffer requirements with Common Equity Tier 1 capital. The mandatory capital conservation buffer is 2.5 percent. The countercyclical buffer rate that is applied to exposures located in Sweden was increased from 1 percent to 2 percent as of June 22, 2023. As of June 30, 2024, the capital requirement related to relevant exposures in Sweden was 74 percent (year-end 2023: 73 percent) of the total relevant capital requirement regardless of location; this fraction is also the weight applied on the Swedish buffer rate when calculating SEK’s countercyclical capital buffer. Buffer rates applicable in other countries may have effects on SEK, but as most capital requirements for SEK’s relevant credit exposures are related to Sweden, the potential effect is limited. As of June 30, 2024, the contribution to SEK’s countercyclical buffer from buffer rates in other countries was 0.13 percentage points (year-end 2023: 0.13 percentage points). SEK has not been classified as a systemically important institution by the Swedish FSA. The capital buffer requirements for systemically important institutions that came into force on January 1, 2016, therefore do not apply to SEK. Pillar 2 guidance The Swedish FSA will in connection with the Supervisory Review and Evaluation Process (SREP) determine appropriate levels for the institution’s own funds. The Swedish FSA will then inform the institution of the differences between the appropriate levels and requirements under the Supervisory Regulation, the Buffer Act and the Pillar 2 requirements. These notifications are called Pillar 2 guidance. The Pillar 2 guidance covers both the risk-based capital requirement and the leverage ratio requirement. Internally assessed economic capital ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Skr mn 2024 2023 Credit risk 7,302 7,350 Operational risk 434 434 Market risk 1,053 1,065 Other risks 158 199 Capital planning buffer ​ 1,700 ​ 1,700 Total 10,647 10,748 ​ SEK regularly conducts an internal capital adequacy assessment process, during which the company determines how much capital is needed in order to cover its risks. The result of SEK’s assessment of capital adequacy is presented above. For more information regarding the internal capital adequacy assessment process and its methods, see the Risk and Capital management section of SEK’s 2023 Annual Report on Form 20-F. Liquidity Coverage Ratio ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Skr bn, 12-month average 2024 2023 Total liquid assets 69.0 73.9 Net liquidity outflows 1 15.1 16.4 Liquidity outflows ​ 26.1 ​ 29.3 Liquidity inflows 11.8 13.9 Liquidity Coverage Ratio 602% ​ 605% ​ 1 Net liquidity outflows are calculated as the net of liquidity outflows and capped liquidity inflows. Capped liquidity inflows are calculated in accordance with article 425 of CRR (EU 575/2013) and article 33 of the Commission Delegated Regulation (EU) 2015/61. ​ Information on Liquidity Coverage Ratio (LCR) in accordance with article 447 of the CRR (EU 575/2013), calculated in accordance with the Commission Delegated Regulation (EU) 2015/61. Net Stable Funding Ratio ​ ​ ​ ​ ​ ​ ​ June 30, December 31, Skr bn ​ 2024 ​ 2023 Available stable funding 274.7 276.3 Requiring stable funding 205.9 210.5 Net Stable Funding Ratio 133% ​ 131% ​ Information on Net Stable Funding Ratio (NSFR) in accordance with article 447 of the CRR (EU 575/2013), calculated in accordance with the Commission Delegated Regulation (EU) 2015/61. ​ Liquidity reserve 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 Skr bn Total Skr EUR USD Other Total Skr EUR USD Other Securities issued or guaranteed by sovereigns, central banks or multilateral development banks 24.8 8.0 6.7 10.1 — 24.1 8.0 3.9 11.9 0.3 Securities issued or guaranteed by municipalities or other public entities 24.7 5.8 6.1 12.8 — 16.5 5.0 4.7 6.8 — Covered bonds issued by other institutions 12.8 12.8 — — — 12.7 12.7 — — — Balances with National Debt Office 9.5 9.5 — — — 1.0 1.0 — — — Total liquidity reserve 71.8 36.1 12.8 22.9 — 54.3 26.7 8.6 18.7 0.3 ​ 1 The liquidity reserve is a part of SEK's liquidity investments. ​ Information on Liquidity reserve is included in accordance with the Commission Delegated Regulation (EU) 2015/61.

Exposures

Exposures	6 Months Ended
	Jun. 30, 2024
Exposures
Exposures	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, 2024 ​ December 31, 2023 ​ June 30, 2024 ​ December 31, 2023 ​ June 30, 2024 ​ December 31, 2023 Skr bn Amount % Amount % Amount % Amount % Amount % Amount % Central governments 165.9 45.9 159.1 46.3 60.1 73.8 46.8 67.2 226.0 51.1 205.9 49.8 Regional governments 17.6 4.9 11.9 3.5 0.6 0.7 0.7 1.0 18.2 4.1 12.6 3.0 Multilateral development banks 5.4 1.5 5.0 1.4 0.0 0.0 0.0 0.0 5.4 1.2 5.0 1.2 Public Sector Entity ​ 1.0 ​ 0.3 ​ — ​ — ​ — ​ — ​ — ​ — ​ 1.0 ​ 0.2 ​ — ​ — Financial institutions 27.6 7.6 25.8 7.5 6.4 7.9 7.5 10.8 34.0 7.7 33.3 8.1 Corporates 144.0 39.8 141.8 41.3 14.3 17.6 14.6 21.0 158.3 35.7 156.4 37.9 Equity exposures ​ 0.0 ​ 0.0 ​ — ​ — ​ — ​ — ​ — ​ — ​ 0.0 ​ 0.0 ​ — ​ — Total 361.5 100.0 343.6 100.0 81.4 100.0 69.6 100.0 442.9 100.0 413.2 100.0 ​ Net exposure by region and exposure class, as of June 30, 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 — 2.9 — 202.2 18.8 2.0 226.0 Regional governments — — — — — 17.9 0.2 0.1 18.2 Multilateral development banks — 0.6 — — — — 4.8 — 5.4 Public Sector ​ — ​ — ​ — ​ — ​ — ​ — ​ 1.0 ​ — ​ 1.0 Financial institutions 0.1 — 0.0 2.4 0.0 18.2 13.3 — 34.0 Corporates 0.2 0.9 2.5 7.4 3.6 105.5 37.2 1.0 158.3 Equity exposures ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 Total 0.3 1.6 2.5 12.7 3.6 ​ 343.8 75.3 3.1 442.9 ​ ​ Net exposure by region and exposure class, as of December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 0.2 0.5 0.5 — 180.9 21.7 2.1 205.9 Regional governments — — — — — 11.2 1.3 0.1 12.6 Multilateral development banks — — — 1.0 — — 4.0 — 5.0 Public Sector ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Financial institutions 0.1 — 0.1 1.8 — 18.3 13.0 — 33.3 Corporates 0.6 0.8 2.4 6.7 3.7 98.0 43.3 0.9 156.4 Equity exposures ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total 0.7 1.0 3.0 10.0 3.7 ​ 308.4 83.3 3.1 413.2 ​ Net exposure to European countries, excluding Sweden ​ ​ ​ ​ ​ ​ ​ June 30, December 31, Skr bn ​ 2024 ​ 2023 France 16.5 16.1 Germany ​ 13.1 ​ 9.4 Luxembourg 10.3 12.2 United Kingdom 8.6 7.1 Denmark 7.2 6.9 Finland 5.5 11.4 Norway ​ 3.7 ​ 5.7 Belgium 3.0 3.7 The Netherlands ​ 2.3 ​ 0.6 Poland 2.1 2.2 Ireland 1.7 2.2 Spain 1.1 2.6 Portugal 0.9 1.3 Switzerland 0.7 0.6 Austria 0.4 3.3 Serbia ​ 0.3 ​ 0.4 Lithuania 0.2 0.1 Italy ​ 0.2 ​ 0.2 Czech Republic 0.2 0.1 Estonia 0.2 0.1 Latvia 0.1 0.1 Iceland ​ 0.1 ​ 0.1 Slovakia 0.0 0.1 Total 78.4 86.5 ​

Transactions with related parti

Transactions with related parties	6 Months Ended
	Jun. 30, 2024
Transactions with related parties
Transactions with related parties	Note 12. Transactions with related parties Transactions with related parties are described in Note 27 to the annual financial statements in SEK’s 2023 Annual Report on Form 20-F. No material changes have taken place in relation to transactions with related parties compared to the description in SEK’s 2023 Annual Report on Form 20-F.

Events after the reporting peri

Events after the reporting period	6 Months Ended
	Jun. 30, 2024
Events after the reporting period
Events after the reporting period	Note 13. Events after the reporting period No events with significant impact on the information in this report have occurred after the end of the reporting period. ​ ​

Accounting policies (Policies)

Accounting policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting policies
Description of accounting policies and methods of computation followed in interim financial statements	The accounting policies, methods of computation and presentation of the Consolidated Group are, in all material aspects, the same as those used for the 2023 annual financial statements included in SEK’s 2023 Annual Report on Form 20-F. SEK analyzes and assesses the application and impact of changes in financial reporting standards that are applied within the Group. Changes that are not mentioned are either not applicable to SEK or have been determined to not have a material impact on SEK’s financial reporting.

Net interest income (Tables)

Net interest income (Tables)	6 Months Ended
	Jun. 30, 2024
Net interest income
Schedule of net interest income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Apr-Jun ​ Jan–Mar ​ Apr-Jun ​ Jan-Jun ​ Jan-Jun ​ Jan-Dec Skr mn 2024 2024 2023 2024 2023 2023 Interest income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans to credit institutions ​ 227 249 315 ​ 476 ​ 576 1,113 Loans to the public ​ 2,506 2,522 2,180 ​ 5,028 ​ 4,134 9,181 Loans in the form of interest-bearing securities ​ 604 ​ 628 606 ​ 1,232 ​ 1,119 2,448 Interest-bearing securities excluding loans in the form of interest-bearing securities ​ 672 ​ 685 ​ 701 ​ 1,357 ​ 1,299 ​ 2,885 Derivatives ​ 902 920 847 ​ 1,822 ​ 1,495 3,519 Administrative remuneration CIRR-system ​ 64 ​ 65 ​ 66 ​ 129 ​ 127 ​ 261 Other assets ​ 6 ​ 10 9 ​ 16 ​ 17 31 Total interest income 1 ​ 4,981 5,079 4,724 ​ 10,060 ​ 8,767 19,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expenses ​ -4,152 ​ -4,248 ​ -3,939 ​ -8,400 ​ -7,288 ​ -16,299 Resolution fee ​ -26 ​ -26 ​ -24 ​ -53 ​ -47 ​ -94 Risk tax ​ -37 ​ -35 ​ -37 ​ -71 ​ -75 ​ -150 Total interest expenses ​ -4,215 -4,309 -4,000 ​ -8,524 ​ -7,410 -16,543 Net interest income ​ 766 770 724 ​ 1,536 ​ 1,357 2,895 ​ 1 Interest income calculated using the effective interest method amounted to Skr 7,043 million during January-June 2024 (1H23: Skr 6,111 million).

Net results of financial tran_2

Net results of financial transactions (Tables)	6 Months Ended
	Jun. 30, 2024
Net results of financial transactions
Schedule of net results of financial transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Apr-Jun ​ Jan–Mar ​ Apr-Jun ​ Jan-Jun ​ Jan-Jun ​ Jan-Dec Skr mn 2024 2024 2023 2024 2023 2023 Derecognition of financial instruments not measured at fair value through profit or loss ​ 1 ​ 2 ​ 2 ​ 3 ​ 4 ​ 9 Financial assets or liabilities at fair value through profit or loss ​ -36 ​ -25 ​ -54 ​ -61 ​ -93 ​ 33 Financial instruments under fair-value hedge accounting ​ 20 ​ -7 ​ 4 ​ 13 ​ -9 ​ -23 Currency exchange-rate effects on all assets and liabilities excl. currency exchange-rate effects related to revaluation at fair value -1 -5 0 -6 ​ 0 2 Total net results of financial transactions -16 -35 -48 -51 ​ -98 21 ​

Impairments (Tables)

Impairments (Tables)	6 Months Ended
	Jun. 30, 2024
Impairments
Schedule of impairments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Apr-Jun ​ Jan–Mar ​ Apr-Jun ​ Jan-Jun ​ Jan-Jun ​ Jan-Dec Skr mn 2024 2024 2023 2024 2023 2023 Expected credit losses, stage 1 ​ 36 ​ 48 ​ -3 ​ 84 ​ 1 ​ -36 Expected credit losses, stage 2 ​ 14 ​ 40 ​ 2 ​ 54 ​ 7 ​ -40 Expected credit losses, stage 3 ​ -7 ​ -415 ​ -256 ​ -422 ​ -249 ​ -513 Established losses — -113 — ​ -113 ​ — ​ — Reserves applied to cover established credit losses ​ — ​ 113 ​ — ​ 113 ​ — ​ — Recovered credit losses 3 0 1 ​ 3 ​ 2 4 Net credit losses 46 -327 -256 ​ -281 ​ -239 -585
Schedule of balances and reconciliation of changes in loss allowances by stages	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 Skr mn Stage 1 Stage 2 Stage 3 Total Total Loans, before expected credit losses 237,063 31,377 9,210 277,650 284,060 Off-balance sheet exposures, before expected credit losses 50,646 19,420 5,223 75,289 62,446 Total, before expected credit losses 287,709 50,797 14,433 352,939 346,506 Loss allowance, loans -77 -7 -888 -972 -757 Loss allowance, off-balance sheet exposures 1 -8 -1 -2 -11 -38 Total loss allowance -85 -8 -890 -983 -795 Provision ratio (in percent) 0.03 ​ 0.02 ​ 6.17 ​ 0.28 ​ 0.23 ​ 1 Recognized under provision in Consolidated Statement of Financial Position. Off-balance sheet exposures consist of guarantee commitments and committed undisbursed loans, see Note 9. Loss Allowance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 Skr mn Stage 1 Stage 2 Stage 3 Total Total Opening balance January 1 ​ -167 -61 ​ -567 ​ -795 ​ -223 Increases due to origination and acquisition ​ -17 -1 — ​ -18 -137 Net remeasurement of loss allowance ​ 78 0 -96 -18 15 Transfer to stage 1 ​ 0 ​ 0 — 0 0 Transfer to stage 2 ​ 0 0 — 0 -22 Transfer to stage 3 ​ 1 3 -331 -327 -491 Decreases due to derecognition ​ 22 52 5 79 46 Decrease in allowance account due to write-offs ​ — — 113 113 — Exchange-rate differences 1 ​ -2 -1 -14 -17 17 Closing balance ​ -85 -8 -890 -983 -795 ​ 1 Recognized under net results of financial transactions in Statement of Comprehensive Income.

Financial assets and liabilit_2

Financial assets and liabilities at fair value (Tables)	6 Months Ended
	Jun. 30, 2024
Sub-classifications of financial information
Schedule of financial assets and liabilities at fair value by class	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ ​ ​ Surplus value (+)/ Skr mn Book value Fair value Deficit value (–) Cash and cash equivalents 11,860 11,860 — Treasuries/governments bonds 8,216 8,216 — Other interest-bearing securities except loans 57,358 57,358 — Loans in the form of interest-bearing securities 49,447 50,578 1,131 Loans to credit institutions 12,846 13,054 208 Loans to the public 219,053 218,587 -466 Derivatives 6,904 6,904 — Shares ​ 34 ​ 34 ​ — Total financial assets 365,718 366,591 873 ​ ​ ​ ​ ​ ​ ​ Borrowing from credit institutions 3,660 3,660 — Debt securities issued 323,508 323,585 77 Derivatives 7,267 7,267 — Total financial liabilities 334,435 334,512 77 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ Surplus value (+)/ Skr mn ​ Book value ​ Fair value ​ Deficit value (–) Cash and cash equivalents 3,482 3,482 — Treasuries/governments bonds 11,525 11,525 — Other interest-bearing securities except loans 41,561 41,561 — Loans in the form of interest-bearing securities 51,227 52,519 1,292 Loans to credit institutions 19,009 19,260 251 Loans to the public 224,165 223,759 -406 Derivatives 6,432 6,432 — Shares ​ — ​ — ​ — Total financial assets 357,401 358,538 1,137 ​ ​ ​ ​ ​ ​ ​ Borrowing from credit institutions 3,628 3,628 — Debt securities issued 314,108 313,931 -177 Derivatives 12,637 12,637 — Total financial liabilities 330,373 330,196 -177 ​
Schedule of fair value measurement of assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets at fair value Skr mn Level 1 Level 2 Level 3 Total Treasuries/governments bonds — 8,216 — 8,216 Other interest-bearing securities except loans 19,727 37,631 — 57,358 Derivatives — 6,863 41 6,904 Shares ​ 34 ​ — ​ — ​ 34 Total, June 30, 2024 ​ 19,761 ​ 52,710 ​ 41 ​ 72,512 Total, December 31, 2023 18,191 ​ 41,272 ​ 55 ​ 59,518 ​
Schedule of fair value measurement of liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities at fair value Skr mn Level 1 Level 2 Level 3 Total Debt securities issued — 14,551 3,986 18,537 Derivatives ​ — ​ 5,468 ​ 1,799 ​ 7,267 Total, June 30, 2024 ​ — ​ 20,019 ​ 5,785 ​ 25,804 Total, December 31, 2023 — 22,531 10,605 33,136
Schedule of fair value related to credit risk	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value originating from credit risk ​ The period’s change in fair value originating ​ ​ (- liabilities increase/ + liabilities decrease) ​ from credit risk (+ income/ - loss) ​ ​ June 30, ​ December 31, ​ Jan-Jun ​ Jan-Jun Skr mn 2024 2023 2024 2023 CVA/DVA, net 1 ​ -34 ​ -39 ​ 5 ​ -2 OCA 2 ​ 42 ​ -55 ​ 97 ​ 21 ​ 1 Credit value adjustment (CVA) and Debt value adjustment (DVA) reflects how the counterparties’ credit risk as well as SEK’s own credit rating affects the fair value of derivatives. 2 Own credit adjustment (OCA) reflects how the changes in SEK’s credit rating affects the fair value of financial liabilities measured at fair value through profit and loss.
Level 3
Sub-classifications of financial information
Schedule of financial assets and liabilities at fair value	Financial assets and liabilities at fair value in Level 3, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains (+) and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains (+) and ​ losses (–) in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transfers ​ losses (–) ​ Other ​ Exchange- ​ ​ ​ ​ January 1, ​ ​ ​ Settlements & ​ Transfers ​ from ​ through profit ​ comprehensive ​ rate ​ June 30, Skr mn 2024 Purchases sales to Level 3 Level 3 or loss 1 income differences 2024 Debt securities issued -8,271 — 4,111 — — -104 -10 ​ 288 -3,986 Derivatives, net -2,279 — 1,001 — — 105 — ​ -585 -1,758 Net assets and liabilities -10,550 — 5,112 — — 1 -10 ​ -297 -5,744 ​ Financial assets and liabilities at fair value in Level 3, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains (+) and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains (+) and ​ losses (–) in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transfers ​ losses (–) ​ Other ​ Exchange- ​ ​ ​ ​ January 1, ​ ​ ​ Settlements & ​ Transfers ​ from ​ through profit ​ comprehensive ​ rate ​ December 31, Skr mn 2023 Purchases sales to Level 3 Level 3 or loss 1 income differences 2023 Debt securities issued -26,536 -180 10,202 -1,912 11,291 -1,927 -207 998 ​ -8,271 Derivatives, net -4,516 — 1,416 — -27 1,419 — -571 ​ -2,279 Net assets and liabilities -31,052 -180 11,618 -1,912 11,264 -508 -207 427 ​ -10,550 ​ 1 Gains and losses through profit or loss, including the impact of exchange rates, is reported as net interest income and net results of financial transactions. The unrealized fair value changes for assets and liabilities, including the impact of exchange rates, held as of June 30, 2024, amounted to a Skr -7 million loss (year-end 2023: Skr - 27 million loss) and are reported as net results of financial transactions.
Schedule of sensitivity analysis - level 3	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets and liabilities ​ June 30, 2024 ​ ​ ​ ​ ​ ​ Range of estimates ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unobservable ​ for unobservable ​ ​ ​ Sensitivity ​ Sensitivity Skr mn Fair Value input input Valuation method max min ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity -253 Correlation 0.12 – (0.12) Option Model 0 ​ 0 Interest rate 0 Correlation 0.12 – (0.12) Option Model 0 ​ 0 FX -1,362 Correlation 0.12 – (0.12) Option Model -20 ​ 20 Other -143 Correlation 0.12 – (0.12) Option Model 0 ​ 0 Sum derivatives, net -1,758 ​ ​ ​ ​ ​ -20 ​ 20 Equity -196 Correlation 0.12 – (0.12) Option Model 0 ​ 0 ​ ​ Credit spreads 10BP – (10BP) Discounted cash flow 0 ​ 0 Interest rate 0 Correlation 0.12 – (0.12) Option Model 0 ​ 0 ​ ​ Credit spreads 10BP – (10BP) Discounted cash flow 0 ​ 0 FX -3,643 Correlation 0.12 – (0.12) Option Model 19 ​ -19 ​ ​ Credit spreads 10BP – (10BP) Discounted cash flow 15 ​ -15 Other -147 Correlation 0.12 – (0.12) Option Model 0 ​ 0 ​ ​ Credit spreads 10BP – (10BP) Discounted cash flow 0 ​ 0 Sum debt securities issued -3,986 ​ ​ ​ ​ ​ 34 ​ -34 Total effect on total comprehensive income ​ ​ ​ ​ ​ ​ ​ ​ ​ 14 ​ -14 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives, net, December 31, 2023 ​ -2,279 ​ ​ ​ ​ ​ ​ ​ -22 ​ 22 Debt securities issued, December 31, 2023 ​ -8,271 ​ ​ ​ ​ ​ ​ ​ 47 ​ -47 Total effect on total comprehensive income, December 31, 2023 ​ 25 -25 ​

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2024
Derivatives
Schedule of derivatives	Derivatives by category ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 ​ ​ Assets ​ Liabilities ​ Nominal ​ Assets ​ Liabilities ​ Nominal Skr mn Fair value Fair value amounts Fair value Fair value amounts Interest rate-related contracts 3,865 1,370 527,448 3,918 1,720 483,545 Currency-related contracts 3,039 5,501 165,267 2,509 9,789 158,019 Equity-related contracts — 253 310 5 1,002 3,722 Contracts related to commodities, credit risk, etc. — 143 7,022 — 126 5,533 Total derivatives 6,904 7,267 700,047 6,432 12,637 650,819 ​

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt
Schedule of debt	​ ​ ​ ​ ​ ​ ​ June 30, December 31, Skr mn ​ 2024 ​ 2023 Currency-related contracts ​ 5,206 ​ 6,368 Interest rate-related contracts 321,620 307,626 Equity-related contracts 195 3,594 Contracts related to commodities, credit risk, etc. 147 148 Total debt 327,168 317,736 of which denominated in: Skr 22,422 17,029 USD 209,782 200,222 EUR 61,246 61,325 AUD 12,044 11,934 GBP 9,654 9,304 JPY 3,995 8,139 Other currencies 8,025 9,783

CIRR-system (Tables)

CIRR-system (Tables)	6 Months Ended
	Jun. 30, 2024
CIRR-system
Schedule of information about CIRR-system	Statement of Comprehensive Income for the CIRR-system ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Apr-Jun ​ Jan–Mar ​ Apr-Jun ​ Jan-Jun ​ Jan-Jun ​ Jan-Dec Skr mn 2024 2024 ​ 2023 ​ 2024 2023 2023 Interest income 576 586 ​ 577 ​ 1,162 1,128 2,329 Interest expenses -505 -523 ​ -485 ​ -1,028 -947 -1,904 Interest compensation — — ​ — ​ — — — Exchange-rate differences 0 1 ​ 1 ​ 1 1 1 Profit before compensation to SEK ​ 71 ​ 64 ​ 93 ​ 135 ​ 182 ​ 426 Administrative remuneration to SEK ​ -64 ​ -65 ​ -66 ​ -129 ​ -127 ​ -260 Operating profit CIRR-system ​ 7 ​ -1 ​ 27 ​ 6 ​ 55 ​ 166 Reimbursement to (–) / from (+) the State -7 1 ​ -27 ​ -6 -55 -166 ​ Statement of Financial Position for the CIRR-system ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Skr mn 2024 2023 Cash and cash equivalents 0 1 Loans 97,420 101,361 Derivatives 5,077 4,334 Other assets 228 179 Prepaid expenses and accrued revenues 2,036 1,711 Total assets 104,761 107,586 Liabilities 103,116 105,642 Derivatives 311 859 Accrued expenses and prepaid revenues 1,334 1,085 Total liabilities 104,761 107,586 Commitments ​ ​ Committed undisbursed loans 50,212 36,505 ​

Pledged assets and contingent_2

Pledged assets and contingent liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Pledged assets and contingent liabilities
Schedule of pledged assets and contingent liabilities	​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Skr mn 2024 2023 Collateral provided Cash collateral under the security agreements for derivative contracts 4,668 11,098 Contingent liabilities 1 Guarantee commitments 8,189 7,471 Commitments 1 Committed undisbursed loans 67,100 54,975 ​ 1 For expected credit losses in guarantee commitments and committed undisbursed loans, see Note 4.

Capital adequacy and liquidit_2

Capital adequacy and liquidity situation (Tables)	6 Months Ended
	Jun. 30, 2024
Capital adequacy and liquidity situation
Schedule of capital adequacy	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 December 31, 2023 Capital ratios percent 1 percent 1 Common Equity Tier 1 capital ratio 22.6 ​ 21.3 Tier 1 capital ratio 22.6 ​ 21.3 Total capital ratio 22.6 ​ 21.3 ​ 1 Capital ratios exclusive of buffer requirements are the quotients of the relevant capital measure and the total risk exposure amount. See tables Own funds – adjusting items and Minimum capital requirements exclusive of buffer. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 Total risk-based capital requirement Skr mn percent 1 Skr mn percent 1 Capital base requirement of 8 percent 2 ​ 8,074 ​ 8.0 ​ 8,377 ​ 8.0 of which Tier 1 requirement of 6 percent ​ 6,055 ​ 6.0 ​ 6,283 ​ 6.0 of which minimum requirement of 4.5 percent ​ 4,541 ​ 4.5 ​ 4,712 ​ 4.5 Pillar 2 capital requirements 3 ​ 3,704 ​ 3.7 ​ 3,843 ​ 3.7 Common Equity Tier 1 capital available to meet buffer requirements 4 ​ 11,031 ​ 10.9 ​ 10,084 ​ 9.6 Capital buffer requirements ​ 4,143 ​ 4.1 ​ 4,271 ​ 4.1 of which Capital conservation buffer 2,523 2.5 ​ 2,618 2.5 of which Countercyclical buffer 1,620 1.6 ​ 1,653 1.6 Pillar 2 guidance 5 ​ 1,514 ​ 1.5 ​ 1,571 ​ 1.5 Total risk-based capital requirement including Pillar 2 guidance 17,435 17.3 ​ 18,062 17.2 ​ 1 Expressed as a percentage of total risk exposure amount. 2 The minimum requirements according to CRR (Regulation (EU) No 575/2013 of the European Parliament and of the Council of June 26, 2013, on prudential requirements for credit institutions and investment firms) and amending Regulation (EU) No 648/2012). 3 Individual Pillar 2 requirement of 3.67 percent calculated on the total risk exposure amount, according to the decision from the latest Swedish FSA Supervisory Review and Evaluation Process (“SREP”) on September 29, 2021. 4 Common Equity Tier 1 capital available to meet buffer requirement after 8 percent minimum capital requirement (SEK covers all minimum requirements with CET1 capital, that is 4.5 percent, 1.5 percent and 2 percent) and after the Pillar 2 requirements ( 3.67 percent). 5 The Swedish FSA notified SEK on September 29, 2021, within the latest SREP, that in addition to the capital requirements according to Regulation (EU) no 575/2013 on prudential requirements, SEK should hold additional capital (Pillar 2 guidance) of 1.50 percent of the total risk-weighted exposure amount. The Pillar 2 guidance is not a binding requirement.
Schedule of leverage ratio	​ ​ ​ ​ ​ ​ ​ June 30, 2024 December 31, 2023 Leverage ratio 1 ​ Skr mn ​ Skr mn On-balance sheet exposures 252,636 232,462 Off-balance sheet exposures 8,747 8,529 Total exposure measure 261,383 240,991 Leverage ratio 2 8.7% ​ 9.3% ​ 1 The leverage ratio reflects the full impact of IFRS 9 as no transitional rules were utilized. 2 Defined by CRR as the quotient of the Tier 1 capital and an exposure measure. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 December 31, 2023 Total Leverage ratio requirement Skr mn percent 1 Skr mn percent 1 Capital base requirement of 3 percent ​ 7,841 ​ 3.0 ​ 7,230 ​ 3.0 Pillar 2 guidance 2 ​ 393 ​ 0.2 ​ 361 ​ 0.2 Total capital requirement relating to Leverage ratio including Pillar 2 guidance ​ 8,234 ​ 3.2 ​ 7,591 ​ 3.2 ​ 1 Expressed as a percentage of total exposure amount. 2 The Swedish FSA has on September 29, 2021, notified SEK, within the latest SREP, that SEK may hold additional capital (Pillar 2 guidance) of 0.15 percent calculated on the total Leverage ratio exposure measure. The Pillar 2 guidance is not a binding requirement.
Schedule of own funds	​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Skr mn 2024 2023 Share capital 3,990 3,990 Retained earnings 18,382 17,403 Accumulated other comprehensive income and other reserves 240 234 Independently reviewed profit net of any foreseeable charge or dividend 454 972 Common Equity Tier 1 (CET1) capital before regulatory adjustments 23,066 22,599 Additional value adjustments due to prudent valuation 1 -91 -85 Intangible assets -26 -34 Fair value reserves related to gains or losses on cash flow hedges 34 47 Gains or losses on liabilities valued at fair value resulting from changes in own credit standing 26 28 Negative amounts resulting from the calculation of expected loss amounts ​ -164 ​ -221 Insufficient coverage for non-performing exposures ​ -55 ​ -12 Total regulatory adjustments to Common Equity Tier 1 capital -276 -277 Total Common Equity Tier 1 capital 22,790 22,322 Total Own funds 22,790 22,322 ​ 1 During the fourth quarter of 2023, SEK switched accounting method from the core approach to the simplified approach for prudent valuation in accordance with Article 4 of the Delegated Regulation (EU) no 2016/101.
Schedule of minimum capital requirements exclusive of buffers	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Minimum ​ ​ ​ ​ ​ Minimum ​ ​ Risk exposure capital ​ Risk exposure capital Skr mn ​ EAD 1 ​ amount ​ requirement ​ EAD 1 ​ amount ​ requirement Credit risk standardized method ​ ​ ​ ​ ​ Corporates 4,767 4,756 381 4,219 4,206 337 Exposures in default ​ 109 ​ 126 ​ 10 ​ 77 ​ 77 ​ 6 Total credit risk standardized method 4,876 4,882 391 4,296 4,283 343 Credit risk IRB method ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Central Governments ​ 235,442 ​ 10,304 ​ 825 ​ 211,650 ​ 9,416 ​ 753 Financial institutions 2 33,896 5,989 479 33,236 6,580 526 Corporates 3 145,720 72,139 5,771 144,559 76,038 6,083 Assets without counterparty ​ 367 ​ 367 ​ 29 ​ 284 ​ 284 ​ 23 Total credit risk IRB method 415,425 88,799 7,104 389,729 92,318 7,385 Credit valuation adjustment risk n.a. 1,974 158 n.a. 2,490 199 Foreign exchange risk n.a. 824 66 n.a. 1,174 94 Commodities risk n.a. 0 0 n.a. 7 1 Operational risk n.a. 4,442 355 n.a. 4,442 335 Total 420,301 100,921 8,074 394,025 104,714 8,377 ​ 1 Exposure at default (EAD) shows the size of the outstanding exposure at default. 2 Of which counterparty risk in derivatives: EAD Skr 6,106 million (year-end 2023: Skr 7,127 million), Risk exposure amount of Skr 1,574 million (year-end 2023: Skr 2,167 million) and Capital requirement of Skr 126 million (year-end 2023: Skr 173 million). 3 Of which related to specialized lending: EAD Skr 7,595 million (year-end 2023: Skr 7,315 million), Risk exposure amount of Skr 4,996 million (year-end 2023: Skr 5,757 million) and Capital requirement of Skr 400 million (year-end 2023: Skr 461 million). ​
Schedule of internally assessed economic capital excluding buffer	​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Skr mn 2024 2023 Credit risk 7,302 7,350 Operational risk 434 434 Market risk 1,053 1,065 Other risks 158 199 Capital planning buffer ​ 1,700 ​ 1,700 Total 10,647 10,748 ​
Schedule of liquidity coverage ratio	​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Skr bn, 12-month average 2024 2023 Total liquid assets 69.0 73.9 Net liquidity outflows 1 15.1 16.4 Liquidity outflows ​ 26.1 ​ 29.3 Liquidity inflows 11.8 13.9 Liquidity Coverage Ratio 602% ​ 605% ​ 1 Net liquidity outflows are calculated as the net of liquidity outflows and capped liquidity inflows. Capped liquidity inflows are calculated in accordance with article 425 of CRR (EU 575/2013) and article 33 of the Commission Delegated Regulation (EU) 2015/61.
Schedule of net stable funding ratio	​ ​ ​ ​ ​ ​ ​ June 30, December 31, Skr bn ​ 2024 ​ 2023 Available stable funding 274.7 276.3 Requiring stable funding 205.9 210.5 Net Stable Funding Ratio 133% ​ 131% ​
Summary of liquidity reserve	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 Skr bn Total Skr EUR USD Other Total Skr EUR USD Other Securities issued or guaranteed by sovereigns, central banks or multilateral development banks 24.8 8.0 6.7 10.1 — 24.1 8.0 3.9 11.9 0.3 Securities issued or guaranteed by municipalities or other public entities 24.7 5.8 6.1 12.8 — 16.5 5.0 4.7 6.8 — Covered bonds issued by other institutions 12.8 12.8 — — — 12.7 12.7 — — — Balances with National Debt Office 9.5 9.5 — — — 1.0 1.0 — — — Total liquidity reserve 71.8 36.1 12.8 22.9 — 54.3 26.7 8.6 18.7 0.3 ​ 1 The liquidity reserve is a part of SEK's liquidity investments.

Exposures (Tables)

Exposures (Tables)	6 Months Ended
	Jun. 30, 2024
Exposures
Schedule of exposures	Total net exposures by exposure class ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credits & interest-bearing ​ Committed undisbursed loans, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ securities ​ derivatives, etc. ​ Total ​ ​ June 30, 2024 ​ December 31, 2023 ​ June 30, 2024 ​ December 31, 2023 ​ June 30, 2024 ​ December 31, 2023 Skr bn Amount % Amount % Amount % Amount % Amount % Amount % Central governments 165.9 45.9 159.1 46.3 60.1 73.8 46.8 67.2 226.0 51.1 205.9 49.8 Regional governments 17.6 4.9 11.9 3.5 0.6 0.7 0.7 1.0 18.2 4.1 12.6 3.0 Multilateral development banks 5.4 1.5 5.0 1.4 0.0 0.0 0.0 0.0 5.4 1.2 5.0 1.2 Public Sector Entity ​ 1.0 ​ 0.3 ​ — ​ — ​ — ​ — ​ — ​ — ​ 1.0 ​ 0.2 ​ — ​ — Financial institutions 27.6 7.6 25.8 7.5 6.4 7.9 7.5 10.8 34.0 7.7 33.3 8.1 Corporates 144.0 39.8 141.8 41.3 14.3 17.6 14.6 21.0 158.3 35.7 156.4 37.9 Equity exposures ​ 0.0 ​ 0.0 ​ — ​ — ​ — ​ — ​ — ​ — ​ 0.0 ​ 0.0 ​ — ​ — Total 361.5 100.0 343.6 100.0 81.4 100.0 69.6 100.0 442.9 100.0 413.2 100.0 ​ Net exposure by region and exposure class, as of June 30, 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 — 2.9 — 202.2 18.8 2.0 226.0 Regional governments — — — — — 17.9 0.2 0.1 18.2 Multilateral development banks — 0.6 — — — — 4.8 — 5.4 Public Sector ​ — ​ — ​ — ​ — ​ — ​ — ​ 1.0 ​ — ​ 1.0 Financial institutions 0.1 — 0.0 2.4 0.0 18.2 13.3 — 34.0 Corporates 0.2 0.9 2.5 7.4 3.6 105.5 37.2 1.0 158.3 Equity exposures ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 ​ 0.0 Total 0.3 1.6 2.5 12.7 3.6 ​ 343.8 75.3 3.1 442.9 ​ ​ Net exposure by region and exposure class, as of December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 0.2 0.5 0.5 — 180.9 21.7 2.1 205.9 Regional governments — — — — — 11.2 1.3 0.1 12.6 Multilateral development banks — — — 1.0 — — 4.0 — 5.0 Public Sector ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Financial institutions 0.1 — 0.1 1.8 — 18.3 13.0 — 33.3 Corporates 0.6 0.8 2.4 6.7 3.7 98.0 43.3 0.9 156.4 Equity exposures ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total 0.7 1.0 3.0 10.0 3.7 ​ 308.4 83.3 3.1 413.2 ​ Net exposure to European countries, excluding Sweden ​ ​ ​ ​ ​ ​ ​ June 30, December 31, Skr bn ​ 2024 ​ 2023 France 16.5 16.1 Germany ​ 13.1 ​ 9.4 Luxembourg 10.3 12.2 United Kingdom 8.6 7.1 Denmark 7.2 6.9 Finland 5.5 11.4 Norway ​ 3.7 ​ 5.7 Belgium 3.0 3.7 The Netherlands ​ 2.3 ​ 0.6 Poland 2.1 2.2 Ireland 1.7 2.2 Spain 1.1 2.6 Portugal 0.9 1.3 Switzerland 0.7 0.6 Austria 0.4 3.3 Serbia ​ 0.3 ​ 0.4 Lithuania 0.2 0.1 Italy ​ 0.2 ​ 0.2 Czech Republic 0.2 0.1 Estonia 0.2 0.1 Latvia 0.1 0.1 Iceland ​ 0.1 ​ 0.1 Slovakia 0.0 0.1 Total 78.4 86.5 ​

Net interest income (Details)

Net interest income (Details) - SEK (kr) kr in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Interest income was related to:
Interest income	kr 4,981	kr 5,079	kr 4,724	kr 10,060	kr 8,767	kr 19,438
Interest expenses
Interest expenses	(4,152)	(4,248)	(3,939)	(8,400)	(7,288)	(16,299)
Resolution fee	(26)	(26)	(24)	(53)	(47)	(94)
Risk tax	(37)	(35)	(37)	(71)	(75)	(150)
Total interest expenses	(4,215)	(4,309)	(4,000)	(8,524)	(7,410)	(16,543)
Net interest income	766	770	724	1,536	1,357	2,895
Interest income using effective interest method				7,043	6,111
Loans to credit institutions
Interest income was related to:
Interest income	227	249	315	476	576	1,113
Loans to the public
Interest income was related to:
Interest income	2,506	2,522	2,180	5,028	4,134	9,181
Loans in the form of interest-bearing securities
Interest income was related to:
Interest income	604	628	606	1,232	1,119	2,448
Interest-bearing securities excluding loans in the form of interest-bearing securities
Interest income was related to:
Interest income	672	685	701	1,357	1,299	2,885
Derivatives
Interest income was related to:
Interest income	902	920	847	1,822	1,495	3,519
Administrative remuneration CIRR-system
Interest income was related to:
Interest income	64	65	66	129	127	261
Other assets
Interest income was related to:
Interest income	kr 6	kr 10	kr 9	kr 16	kr 17	kr 31

Net results of financial tran_3

Net results of financial transactions (Details) - SEK (kr) kr in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Net results of financial transactions
Derecognition of financial instruments not measured at fair value through profit or loss	kr 1	kr 2	kr 2	kr 3	kr 4	kr 9
Financial assets or liabilities at fair value through profit or loss	(36)	(25)	(54)	(61)	(93)	33
Financial instruments under fair-value hedge accounting	20	(7)	4	13	(9)	(23)
Currency exchange-rate effects on all assets and liabilities excl. currency exchange-rate effects related to revaluation at fair value	(1)	(5)	0	(6)	0	2
Total net results of financial transactions	kr (16)	kr (35)	kr (48)	kr (51)	kr (98)	kr 21

Impairments (Details)

Impairments (Details) - SEK (kr) kr in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Impairment details
Established losses		kr (113)		kr (113)
Reserves applied to cover established credit losses		113		113
Recovered credit losses	kr 3	0	kr 1	3	kr 2	kr 4
Net credit losses	kr 46	(327)	(256)	kr (281)	(239)	kr (585)
Loans and off balance
Provision ratio	0.28%			0.28%		0.23%
Gross carrying amount
Loans and off balance
Loans and off balance	kr 352,939			kr 352,939		kr 346,506
Gross carrying amount | Loans
Loans and off balance
Loans and off balance	277,650			277,650		284,060
Gross carrying amount | Off-balance
Loans and off balance
Loans and off balance	75,289			75,289		62,446
Accumulated impairment
Loans and off balance
Loans and off balance	(983)			(983)		(795)	kr (223)
Accumulated impairment | Loans
Loans and off balance
Loans and off balance	(972)			(972)		(757)
Accumulated impairment | Off-balance
Loans and off balance
Loans and off balance	(11)			(11)		(38)
12-month expected credit losses
Impairment details
Net credit losses	kr 36	48	(3)	kr 84	1	(36)
Loans and off balance
Provision ratio	0.03%			0.03%
12-month expected credit losses | Gross carrying amount
Loans and off balance
Loans and off balance	kr 287,709			kr 287,709
12-month expected credit losses | Gross carrying amount | Loans
Loans and off balance
Loans and off balance	237,063			237,063
12-month expected credit losses | Gross carrying amount | Off-balance
Loans and off balance
Loans and off balance	50,646			50,646
12-month expected credit losses | Accumulated impairment
Loans and off balance
Loans and off balance	(85)			(85)		(167)
12-month expected credit losses | Accumulated impairment | Loans
Loans and off balance
Loans and off balance	(77)			(77)
12-month expected credit losses | Accumulated impairment | Off-balance
Loans and off balance
Loans and off balance	(8)			(8)
Lifetime expected credit losses | Financial instruments not credit-impaired
Impairment details
Net credit losses	kr 14	40	2	kr 54	7	(40)
Loans and off balance
Provision ratio	0.02%			0.02%
Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount
Loans and off balance
Loans and off balance	kr 50,797			kr 50,797
Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | Loans
Loans and off balance
Loans and off balance	31,377			31,377
Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | Off-balance
Loans and off balance
Loans and off balance	19,420			19,420
Lifetime expected credit losses | Financial instruments not credit-impaired | Accumulated impairment
Loans and off balance
Loans and off balance	(8)			(8)		(61)
Lifetime expected credit losses | Financial instruments not credit-impaired | Accumulated impairment | Loans
Loans and off balance
Loans and off balance	(7)			(7)
Lifetime expected credit losses | Financial instruments not credit-impaired | Accumulated impairment | Off-balance
Loans and off balance
Loans and off balance	(1)			(1)
Lifetime expected credit losses | Financial instruments credit-impaired
Impairment details
Net credit losses	kr (7)	kr (415)	kr (256)	kr (422)	kr (249)	(513)
Loans and off balance
Provision ratio	6.17%			6.17%
Lifetime expected credit losses | Financial instruments credit-impaired | Gross carrying amount
Loans and off balance
Loans and off balance	kr 14,433			kr 14,433
Lifetime expected credit losses | Financial instruments credit-impaired | Gross carrying amount | Loans
Loans and off balance
Loans and off balance	9,210			9,210
Lifetime expected credit losses | Financial instruments credit-impaired | Gross carrying amount | Off-balance
Loans and off balance
Loans and off balance	5,223			5,223
Lifetime expected credit losses | Financial instruments credit-impaired | Accumulated impairment
Loans and off balance
Loans and off balance	(890)			(890)		kr (567)
Lifetime expected credit losses | Financial instruments credit-impaired | Accumulated impairment | Loans
Loans and off balance
Loans and off balance	(888)			(888)
Lifetime expected credit losses | Financial instruments credit-impaired | Accumulated impairment | Off-balance
Loans and off balance
Loans and off balance	kr (2)			kr (2)

Impairments - Loss Allowance (D

Impairments - Loss Allowance (Details) kr in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024 SEK (kr) item	Dec. 31, 2023 SEK (kr)
Increase (decrease) in loss allowance
Number of scenarios prepared for each PD curve | item	3
Weight of base scenario	80%
Weight of downturn scenario	10%
Weight of upturn scenario	10%
Minimum
Increase (decrease) in loss allowance
Business cycle parameters for base scenario for PD segments	0
Maximum
Increase (decrease) in loss allowance
Business cycle parameters for base scenario for PD segments	0.7
Accumulated impairment
Increase (decrease) in loss allowance
Loans and off balance at beginning of period	kr (795)	kr (223)
Increases due to origination and acquisition	(18)	(137)
Net remeasurement of loss allowance	(18)	15
Transfer to stage 1	0	0
Transfer to stage 2	0	(22)
Transfer to stage 3	(327)	(491)
Decreases due to derecognition	79	46
Decrease in allowance account due to write-offs	113
Exchange-rate differences	(17)	17
Loans and off balance at end of period	(983)	(795)
12-month expected credit losses | Accumulated impairment
Increase (decrease) in loss allowance
Loans and off balance at beginning of period	(167)
Increases due to origination and acquisition	(17)
Net remeasurement of loss allowance	78
Transfer to stage 1	0
Transfer to stage 2	0
Transfer to stage 3	1
Decreases due to derecognition	22
Exchange-rate differences	(2)
Loans and off balance at end of period	(85)	(167)
Lifetime expected credit losses | Financial instruments not credit-impaired | Accumulated impairment
Increase (decrease) in loss allowance
Loans and off balance at beginning of period	(61)
Increases due to origination and acquisition	(1)
Net remeasurement of loss allowance	0
Transfer to stage 1	0
Transfer to stage 2	0
Transfer to stage 3	3
Decreases due to derecognition	52
Exchange-rate differences	(1)
Loans and off balance at end of period	(8)	(61)
Lifetime expected credit losses | Financial instruments credit-impaired | Accumulated impairment
Increase (decrease) in loss allowance
Loans and off balance at beginning of period	(567)
Net remeasurement of loss allowance	(96)
Transfer to stage 3	(331)
Decreases due to derecognition	5
Decrease in allowance account due to write-offs	113
Exchange-rate differences	(14)
Loans and off balance at end of period	kr (890)	kr (567)

Financial assets and liabilit_3

Financial assets and liabilities at fair value (Details) - SEK (kr) kr in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of detailed information about financial instruments
Book value of financial assets	kr 365,718	kr 357,401
Book value of financial liabilities	334,435	330,373
Fair value of financial assets	366,591	358,538
Fair value of financial liabilities	334,512	330,196
Surplus value (+) /Deficit value (-), financial assets	873	1,137
Surplus value (+) /Deficit value (-) financial liabilities	77	(177)
Borrowing from credit institutions
Disclosure of detailed information about financial instruments
Book value of financial liabilities	3,660	3,628
Fair value of financial liabilities	3,660	3,628
Debt securities issued
Disclosure of detailed information about financial instruments
Book value of financial liabilities	323,508	314,108
Fair value of financial liabilities	323,585	313,931
Surplus value (+) /Deficit value (-) financial liabilities	77	(177)
Derivatives
Disclosure of detailed information about financial instruments
Book value of financial liabilities	7,267	12,637
Fair value of financial liabilities	7,267	12,637
Cash and cash equivalents
Disclosure of detailed information about financial instruments
Book value of financial assets	11,860	3,482
Fair value of financial assets	11,860	3,482
Treasuries/government bonds
Disclosure of detailed information about financial instruments
Book value of financial assets	8,216	11,525
Fair value of financial assets	8,216	11,525
Other interest-bearing securities except loans
Disclosure of detailed information about financial instruments
Book value of financial assets	57,358	41,561
Fair value of financial assets	57,358	41,561
Loans in the form of interest-bearing securities
Disclosure of detailed information about financial instruments
Book value of financial assets	49,447	51,227
Fair value of financial assets	50,578	52,519
Surplus value (+) /Deficit value (-), financial assets	1,131	1,292
Loans to credit institutions
Disclosure of detailed information about financial instruments
Book value of financial assets	12,846	19,009
Fair value of financial assets	13,054	19,260
Surplus value (+) /Deficit value (-), financial assets	208	251
Loans to the public
Disclosure of detailed information about financial instruments
Book value of financial assets	219,053	224,165
Fair value of financial assets	218,587	223,759
Surplus value (+) /Deficit value (-), financial assets	(466)	(406)
Derivatives
Disclosure of detailed information about financial instruments
Book value of financial assets	6,904	6,432
Fair value of financial assets	6,904	kr 6,432
Shares
Disclosure of detailed information about financial instruments
Book value of financial assets	34
Fair value of financial assets	kr 34

Financial assets and liabilit_4

Financial assets and liabilities at fair value - Financial assets & liabilities reported at fair value in fair value hierarchy (Details) - SEK (kr) kr in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of detailed information about financial instruments
Fair value of financial assets	kr 366,591	kr 358,538
Fair value of financial liabilities	334,512	330,196
Debt securities issued
Disclosure of detailed information about financial instruments
Fair value of financial liabilities	323,585	313,931
Derivatives
Disclosure of detailed information about financial instruments
Fair value of financial liabilities	7,267	12,637
Financial liabilities at fair value through profit or loss
Disclosure of detailed information about financial instruments
Fair value of financial liabilities	25,804	33,136
Financial liabilities at fair value through profit or loss | Level 2
Disclosure of detailed information about financial instruments
Fair value of financial liabilities	20,019	22,531
Financial liabilities at fair value through profit or loss | Level 3
Disclosure of detailed information about financial instruments
Fair value of financial liabilities	5,785	10,605
Financial liabilities at fair value through profit or loss | Debt securities issued
Disclosure of detailed information about financial instruments
Fair value of financial liabilities	18,537
Financial liabilities at fair value through profit or loss | Debt securities issued | Level 2
Disclosure of detailed information about financial instruments
Fair value of financial liabilities	14,551
Financial liabilities at fair value through profit or loss | Debt securities issued | Level 3
Disclosure of detailed information about financial instruments
Fair value of financial liabilities	3,986
Financial liabilities at fair value through profit or loss | Derivatives
Disclosure of detailed information about financial instruments
Fair value of financial liabilities	7,267
Financial liabilities at fair value through profit or loss | Derivatives | Level 2
Disclosure of detailed information about financial instruments
Fair value of financial liabilities	5,468
Financial liabilities at fair value through profit or loss | Derivatives | Level 3
Disclosure of detailed information about financial instruments
Fair value of financial liabilities	1,799
Financial assets at fair value through profit or loss.
Disclosure of detailed information about financial instruments
Fair value of financial assets	72,512	59,518
Financial assets at fair value through profit or loss. | Level 1
Disclosure of detailed information about financial instruments
Fair value of financial assets	19,761	18,191
Financial assets at fair value through profit or loss. | Level 2
Disclosure of detailed information about financial instruments
Fair value of financial assets	52,710	41,272
Financial assets at fair value through profit or loss. | Level 3
Disclosure of detailed information about financial instruments
Fair value of financial assets	41	55
Treasuries/government bonds
Disclosure of detailed information about financial instruments
Fair value of financial assets	8,216	11,525
Treasuries/government bonds | Financial assets at fair value through profit or loss.
Disclosure of detailed information about financial instruments
Fair value of financial assets	8,216
Treasuries/government bonds | Financial assets at fair value through profit or loss. | Level 2
Disclosure of detailed information about financial instruments
Fair value of financial assets	8,216
Other interest-bearing securities except loans
Disclosure of detailed information about financial instruments
Fair value of financial assets	57,358	41,561
Other interest-bearing securities except loans | Financial assets at fair value through profit or loss.
Disclosure of detailed information about financial instruments
Fair value of financial assets	57,358
Other interest-bearing securities except loans | Financial assets at fair value through profit or loss. | Level 1
Disclosure of detailed information about financial instruments
Fair value of financial assets	19,727
Other interest-bearing securities except loans | Financial assets at fair value through profit or loss. | Level 2
Disclosure of detailed information about financial instruments
Fair value of financial assets	37,631
Derivatives
Disclosure of detailed information about financial instruments
Fair value of financial assets	6,904	kr 6,432
Derivatives | Financial assets at fair value through profit or loss.
Disclosure of detailed information about financial instruments
Fair value of financial assets	6,904
Derivatives | Financial assets at fair value through profit or loss. | Level 2
Disclosure of detailed information about financial instruments
Fair value of financial assets	6,863
Derivatives | Financial assets at fair value through profit or loss. | Level 3
Disclosure of detailed information about financial instruments
Fair value of financial assets	41
Shares
Disclosure of detailed information about financial instruments
Fair value of financial assets	34
Shares | Financial assets at fair value through profit or loss.
Disclosure of detailed information about financial instruments
Fair value of financial assets	34
Shares | Financial assets at fair value through profit or loss. | Level 1
Disclosure of detailed information about financial instruments
Fair value of financial assets	kr 34

Financial assets and liabilit_5

Financial assets and liabilities at fair value - Transfers made between both assets and liabilities (Details) - Level 3 kr in Millions	12 Months Ended
	Dec. 31, 2023 SEK (kr)
Disclosure of detailed information about financial instruments
Transfers from level 3	kr 11,264
Debt securities issued
Disclosure of detailed information about financial instruments
Transfers from level 3	11,291
Derivatives
Disclosure of detailed information about financial instruments
Transfers from level 3	kr (27)

Financial assets and liabilit_6

Financial assets and liabilities at fair value - Financial assets and liabilities at fair value in level 3 (Details) - SEK (kr) kr in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Reconciliation of changes in fair value measurement, liabilities
Financial liabilities at beginning of period	kr (330,196)
Financial liabilities at end of period	(334,512)	kr (330,196)
Level 3
Financial assets and liabilities at fair value in level 3
Financial assets and liabilities at fair value, at the beginning of period	(10,550)	(31,052)
Purchases		(180)
Settlements & sales	5,112	11,618
Transfers to level 3		(1,912)
Transfers from level 3		11,264
Gains (+) and losses (-) through profit or loss	1	(508)
Gains (+) and losses (-) in Other comprehensive income	(10)	(207)
Exchange-rate differences assets and liabilities	(297)	427
Financial assets and liabilities at fair value, at the end of period	(5,744)	(10,550)
Unrealized fair value changes	(7)	(27)
Debt securities issued | Level 3
Reconciliation of changes in fair value measurement, liabilities
Financial liabilities at beginning of period	(8,271)	(26,536)
Purchases liabilities		(180)
Settlements & sales	4,111	10,202
Transfers to level 3		(1,912)
Transfers from level 3		11,291
Gains (+) and losses (-) through profit or loss	(104)	(1,927)
Gains (+) and losses (-) in Other comprehensive income	(10)	(207)
Exchange-rate differences	288	998
Financial liabilities at end of period	(3,986)	(8,271)
Derivatives | Level 3
Financial assets and liabilities at fair value in level 3
Financial assets and liabilities at fair value, at the beginning of period	(2,279)	(4,516)
Settlements & sales	1,001	1,416
Transfers from level 3		(27)
Gains (+) and losses (-) through profit or loss	105	1,419
Exchange-rate differences assets and liabilities	(585)	(571)
Financial assets and liabilities at fair value, at the end of period	kr (1,758)	kr (2,279)

Financial assets and liabilit_7

Financial assets and liabilities at fair value - Assets and liabilities Sensitivity analysis - level 3 (Details) kr in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024 SEK (kr)	Dec. 31, 2023 SEK (kr)	Dec. 31, 2022 SEK (kr)
Disclosure of significant unobservable inputs used in fair value measurement of assets
Sensitivity, correlations maximum positive relationship	1
Sensitivity correlations maximum negative relationship	(1)
Financial liabilities at fair value	kr (334,512)	kr (330,196)
Correlation input
Disclosure of significant unobservable inputs used in fair value measurement of assets
Sensitivity, input appreciation, assets	0.12
Sensitivity, input depreciation, assets	0.12
Sensitivity, input appreciation, liabilities	0.12
Sensitivity, input depreciation, liabilities	0.12
Credit spread input
Disclosure of significant unobservable inputs used in fair value measurement of assets
Sensitivity, input appreciation, assets	0.10%
Sensitivity, input depreciation, assets	0.10%
Sensitivity, input appreciation, liabilities	0.10%
Sensitivity, input depreciation, liabilities	0.10%
Level 3
Disclosure of significant unobservable inputs used in fair value measurement of assets
Net assets (liabilities)	kr (5,744)	(10,550)	kr (31,052)
Level 3 | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Sensitivity impact on total comprehensive income	14	25
Level 3 | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Sensitivity impact on total comprehensive income	(14)	(25)
Level 3 | Derivatives
Disclosure of significant unobservable inputs used in fair value measurement of assets
Net assets (liabilities)	(1,758)	(2,279)	(4,516)
Level 3 | Derivatives | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Sensitivity impact on total comprehensive income	(20)	(22)
Level 3 | Derivatives | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Sensitivity impact on total comprehensive income	20	22
Level 3 | Derivatives | Equity risk
Disclosure of significant unobservable inputs used in fair value measurement of assets
Net assets (liabilities)	kr (253)
Level 3 | Derivatives | Equity risk | Option Model | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	0.12
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Derivatives | Equity risk | Option Model | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	(0.12)
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Derivatives | Interest rate
Disclosure of significant unobservable inputs used in fair value measurement of assets
Net assets (liabilities)	kr 0
Level 3 | Derivatives | Interest rate | Option Model | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	0.12
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Derivatives | Interest rate | Option Model | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	(0.12)
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Derivatives | Currency risk
Disclosure of significant unobservable inputs used in fair value measurement of assets
Net assets (liabilities)	kr (1,362)
Level 3 | Derivatives | Currency risk | Option Model | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	0.12
Sensitivity impact on total comprehensive income	kr (20)
Level 3 | Derivatives | Currency risk | Option Model | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	(0.12)
Sensitivity impact on total comprehensive income	kr 20
Level 3 | Derivatives | Other
Disclosure of significant unobservable inputs used in fair value measurement of assets
Net assets (liabilities)	kr (143)
Level 3 | Derivatives | Other | Option Model | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	0.12
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Derivatives | Other | Option Model | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	(0.12)
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued
Disclosure of significant unobservable inputs used in fair value measurement of assets
Financial liabilities at fair value	(3,986)	(8,271)	kr (26,536)
Level 3 | Debt securities issued | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Sensitivity impact on total comprehensive income	34	47
Level 3 | Debt securities issued | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Sensitivity impact on total comprehensive income	(34)	kr (47)
Level 3 | Debt securities issued | Equity risk
Disclosure of significant unobservable inputs used in fair value measurement of assets
Financial liabilities at fair value	kr (196)
Level 3 | Debt securities issued | Equity risk | Discounted cash flow | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Credit spreads (in basis points)	10
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued | Equity risk | Discounted cash flow | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Credit spreads (in basis points)	(10)
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued | Equity risk | Option Model | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	0.12
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued | Equity risk | Option Model | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	(0.12)
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued | Interest rate
Disclosure of significant unobservable inputs used in fair value measurement of assets
Financial liabilities at fair value	kr 0
Level 3 | Debt securities issued | Interest rate | Discounted cash flow | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Credit spreads (in basis points)	10
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued | Interest rate | Discounted cash flow | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Credit spreads (in basis points)	(10)
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued | Interest rate | Option Model | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	0.12
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued | Interest rate | Option Model | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	(0.12)
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued | Currency risk
Disclosure of significant unobservable inputs used in fair value measurement of assets
Financial liabilities at fair value	kr (3,643)
Level 3 | Debt securities issued | Currency risk | Discounted cash flow | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Credit spreads (in basis points)	10
Sensitivity impact on total comprehensive income	kr 15
Level 3 | Debt securities issued | Currency risk | Discounted cash flow | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Credit spreads (in basis points)	(10)
Sensitivity impact on total comprehensive income	kr (15)
Level 3 | Debt securities issued | Currency risk | Option Model | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	0.12
Sensitivity impact on total comprehensive income	kr 19
Level 3 | Debt securities issued | Currency risk | Option Model | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	(0.12)
Sensitivity impact on total comprehensive income	kr (19)
Level 3 | Debt securities issued | Other
Disclosure of significant unobservable inputs used in fair value measurement of assets
Financial liabilities at fair value	kr (147)
Level 3 | Debt securities issued | Other | Discounted cash flow | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Credit spreads (in basis points)	10
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued | Other | Discounted cash flow | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Credit spreads (in basis points)	(10)
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued | Other | Option Model | Maximum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	0.12
Sensitivity impact on total comprehensive income	kr 0
Level 3 | Debt securities issued | Other | Option Model | Minimum
Disclosure of significant unobservable inputs used in fair value measurement of assets
Correlation	(0.12)
Sensitivity impact on total comprehensive income	kr 0

Financial assets and liabilit_8

Financial assets and liabilities at fair value - Fair value related to credit risk (Details) - SEK (kr) kr in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
CVA/DVA, net
Fair value related to credit risk
Fair value originating from credit risk (- liabilities increase/ + liabilities decrease)	kr (34)		kr (39)
The period's change in fair value originating from credit risk (+ income/ - loss)	5	kr (2)
OCA
Fair value related to credit risk
Fair value originating from credit risk (- liabilities increase/ + liabilities decrease)	42		kr (55)
The period's change in fair value originating from credit risk (+ income/ - loss)	kr 97	kr 21

Derivatives (Details)

Derivatives (Details) - SEK (kr) kr in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of detailed information about financial instruments
Assets Fair value	kr 6,904	kr 6,432
Liabilities Fair value	7,267	12,637
Derivatives
Disclosure of detailed information about financial instruments
Assets Fair value	6,904	6,432
Liabilities Fair value	7,267	12,637
Nominal amounts	700,047	650,819
Interest rate-related contracts | Derivatives
Disclosure of detailed information about financial instruments
Assets Fair value	3,865	3,918
Liabilities Fair value	1,370	1,720
Nominal amounts	527,448	483,545
Currency-related contracts | Derivatives
Disclosure of detailed information about financial instruments
Assets Fair value	3,039	2,509
Liabilities Fair value	5,501	9,789
Nominal amounts	165,267	158,019
Equity-related contracts | Derivatives
Disclosure of detailed information about financial instruments
Assets Fair value		5
Liabilities Fair value	253	1,002
Nominal amounts	310	3,722
Contracts related to commodities, credit risk, etc. | Derivatives
Disclosure of detailed information about financial instruments
Liabilities Fair value	143	126
Nominal amounts	kr 7,022	kr 5,533

Debt (Details)

Debt (Details) - SEK (kr) kr in Millions	Jun. 30, 2024	Dec. 31, 2023
Debt
Debt	kr 327,168	kr 317,736
Skr
Debt
Debt	22,422	17,029
USD
Debt
Debt	209,782	200,222
EUR
Debt
Debt	61,246	61,325
AUD
Debt
Debt	12,044	11,934
GBP
Debt
Debt	9,654	9,304
JPY
Debt
Debt	3,995	8,139
Other currencies
Debt
Debt	8,025	9,783
Currency-related contracts
Debt
Debt	5,206	6,368
Interest rate-related contracts
Debt
Debt	321,620	307,626
Equity-related contracts
Debt
Debt	195	3,594
Contracts related to commodities, credit risk, etc.
Debt
Debt	kr 147	kr 148

CIRR-system - Subclassification

CIRR-system - Subclassifications of financial information (Details) - SEK (kr) kr in Millions	3 Months Ended					6 Months Ended				12 Months Ended
	Jun. 30, 2024		Mar. 31, 2024	Jun. 30, 2023		Jun. 30, 2024		Jun. 30, 2023		Dec. 31, 2023		Dec. 31, 2022
Sub-classifications of financial information
Concessionary loans outstanding	kr 123					kr 123				kr 174
Operating result of previous concessionary credit program						(4)		kr (10)
Administrative compensation for concessionary loans						0		0
Comprehensive income
Interest income	4,981		kr 5,079	kr 4,724		10,060		8,767		19,438
Interest expenses	(4,215)		(4,309)	(4,000)		(8,524)		(7,410)		(16,543)
Exchange-rate differences	(1)		(5)	0		(6)		0		2
Financial position
Cash and cash equivalents	11,860	[1]		5,837	[1]	11,860	[1]	5,837	[1]	3,482	[1]	kr 4,060
Derivatives	6,904					6,904				6,432
Other assets	444					444				276
Prepaid expenses and accrued revenues	7,893					7,893				7,994
Total assets	374,287					374,287				365,929
Derivatives	7,267					7,267				12,637
Accrued expenses and prepaid revenues	8,694					8,694				8,387
Total liabilities	350,967					350,967				343,083
Committed undisbursed loans	67,100					67,100				54,975
CIRR-System
Comprehensive income
Interest income	576		586	577		1,162		1,128		2,329
Interest expenses	(505)		(523)	(485)		(1,028)		(947)		(1,904)
Exchange-rate differences	0		1	1		1		1		1
Profit before compensation to SEK	71		64	93		135		182		426
Administrative remuneration to SEK	(64)		(65)	(66)		(129)		(127)		(260)
Operating profit CIRR-system	7		(1)	27		6		55		166
Reimbursement to (-) / from (+) the State	(7)		kr 1	kr (27)		(6)		kr (55)		(166)
Financial position
Cash and cash equivalents	0					0				1
Loans	97,420					97,420				101,361
Derivatives	5,077					5,077				4,334
Other assets	228					228				179
Prepaid expenses and accrued revenues	2,036					2,036				1,711
Total assets	104,761					104,761				107,586
Liabilities	103,116					103,116				105,642
Derivatives	311					311				859
Accrued expenses and prepaid revenues	1,334					1,334				1,085
Total liabilities	104,761					104,761				107,586
Committed undisbursed loans	kr 50,212					kr 50,212				kr 36,505
[1] Cash and cash equivalents include, in this context, cash at banks that can be immediately converted into cash and short-term deposits for which the time to maturity does not exceed three months from trade date.

Pledged assets and contingent_3

Pledged assets and contingent liabilities (Details) - SEK (kr) kr in Millions	Jun. 30, 2024	Dec. 31, 2023
Collateral provided
Cash collateral under the security agreements for derivative contracts	kr 4,668	kr 11,098
Contingent liabilities
Guarantee commitments	8,189	7,471
Commitments
Committed undisbursed loans	kr 67,100	kr 54,975

Capital adequacy and liquidit_3

Capital adequacy and liquidity situation - Capital adequacy (Details) - SEK (kr) kr in Millions	Jun. 30, 2024	Dec. 31, 2023
Capital adequacy
Capital base requirement of 8 percent	8%
of which Capital conservation buffer	2.50%
Individual Pillar 2 requirement	3.67%
Minimum capital requirement one	4.50%
Minimum capital requirement two	1.50%
Minimum capital requirement three	2%
Additional capital pillar 2 guidance	1.50%
Parent Company
Capital adequacy
Common Equity Tier 1 capital ratio	22.60%	21.30%
Tier 1 capital ratio	22.60%	21.30%
Total capital ratio	22.60%	21.30%
Capital base requirement of 8 percent	kr 8,074	kr 8,377
of which Tier 1 requirement of 6 percent	6,055	6,283
of which minimum requirement of 4.5 percent	4,541	4,712
Pillar 2 capital requirements	3,704	3,843
Common Equity Tier 1 capital available to meet buffer requirements	11,031	10,084
Capital buffer requirements	4,143	4,271
of which Capital conservation buffer	2,523	2,618
of which Countercyclical buffer	1,620	1,653
Pillar 2 guidance	1,514	1,571
Total risk-based capital requirement	kr 17,435	kr 18,062
Capital base requirement of 8 percent	8%	8%
of which Tier 1 requirement of 6 percent	6%	6%
of which minimum requirement of 4.5 percent	4.50%	4.50%
Pillar 2 capital requirements	3.70%	3.70%
Common Equity Tier 1 capital available to meet buffer requirements	10.90%	9.60%
Capital buffer requirements	4.10%	4.10%
of which Capital conservation buffer	2.50%	2.50%
of which Countercyclical buffer	1.60%	1.60%
Pillar 2 guidance	1.50%	1.50%
Total risk-based capital requirement	17.30%	17.20%

Capital adequacy and liquidit_4

Capital adequacy and liquidity situation - Leverage ratio (Details) - SEK (kr) kr in Millions	Jun. 30, 2024	Dec. 31, 2023
Total capital requirement relating to leverage ratio
Capital base requirement	3%
Parent Company
Disclosure of credit risk exposure
On-balance sheet exposures	kr 252,636	kr 232,462
Off-balance sheet exposures	8,747	8,529
Total exposure measure	kr 261,383	kr 240,991
Leverage ratio	8.70%	9.30%
Total capital requirement relating to leverage ratio
Capital base requirement of 3 percent	kr 7,841	kr 7,230
Pillar 2 guidance	393	361
Total capital requirement relating to leverage ratio	kr 8,234	kr 7,591
Capital base requirement of 3 percent	3%	3%
Pillar 2 guidance	0.20%	0.20%
Total capital requirement relating to leverage ratio	3.20%	3.20%
Additional capital (pillar 2 guidance) of total leverage ratio exposure	0.15%

Capital adequacy and liquidit_5

Capital adequacy and liquidity situation - Own funds (Details) - Parent Company - SEK (kr) kr in Millions	Jun. 30, 2024	Dec. 31, 2023
Capital adequacy
Common Equity Tier 1 (CET1) capital before regulatory adjustments	kr 23,066	kr 22,599
Regulatory adjustments to Common Equity Tier 1 capital	(276)	(277)
Total Common Equity Tier-1 capital	22,790	22,322
Own funds	22,790	22,322
Share capital
Capital adequacy
Common Equity Tier 1 (CET1) capital before regulatory adjustments	3,990	3,990
Retained earnings
Capital adequacy
Common Equity Tier 1 (CET1) capital before regulatory adjustments	18,382	17,403
Accumulated other comprehensive income and other reserves
Capital adequacy
Common Equity Tier 1 (CET1) capital before regulatory adjustments	240	234
Independently reviewed profit net of any foreseeable charge or dividend
Capital adequacy
Common Equity Tier 1 (CET1) capital before regulatory adjustments	454	972
Additional value adjustments due to prudent valuation
Capital adequacy
Regulatory adjustments to Common Equity Tier 1 capital	(91)	(85)
Intangible assets
Capital adequacy
Regulatory adjustments to Common Equity Tier 1 capital	(26)	(34)
Fair value reserves related to gains or losses on cash flow hedges
Capital adequacy
Regulatory adjustments to Common Equity Tier 1 capital	34	47
Gains or losses on liabilities valued at fair value resulting from changes in own credit standing
Capital adequacy
Regulatory adjustments to Common Equity Tier 1 capital	26	28
Negative amounts resulting from the calculation of expected loss amounts
Capital adequacy
Regulatory adjustments to Common Equity Tier 1 capital	(164)	(221)
Insufficient coverage for non-performing exposures
Capital adequacy
Regulatory adjustments to Common Equity Tier 1 capital	kr (55)	kr (12)

Capital adequacy and liquidit_6

Capital adequacy and liquidity situation - Minimum capital requirements exclusive of buffers (Details) - Parent Company - SEK (kr) kr in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of credit risk exposure
EAD	kr 420,301	kr 394,025
Risk exposure amount	100,921	104,714
Minimum capital requirements	8,074	8,377
Credit risk | Standardized approach
Disclosure of credit risk exposure
EAD	4,876	4,296
Risk exposure amount	4,882	4,283
Minimum capital requirements	391	343
Credit risk | Standardized approach | Corporates
Disclosure of credit risk exposure
EAD	4,767	4,219
Risk exposure amount	4,756	4,206
Minimum capital requirements	381	337
Credit risk | Standardized approach | Exposures in default
Disclosure of credit risk exposure
EAD	109	77
Risk exposure amount	126	77
Minimum capital requirements	10	6
Credit risk | IRB approach
Disclosure of credit risk exposure
EAD	415,425	389,729
Risk exposure amount	88,799	92,318
Minimum capital requirements	7,104	7,385
Credit risk | IRB approach | Central Governments
Disclosure of credit risk exposure
EAD	235,442	211,650
Risk exposure amount	10,304	9,416
Minimum capital requirements	825	753
Credit risk | IRB approach | Financial institutions
Disclosure of credit risk exposure
EAD	33,896	33,236
Risk exposure amount	5,989	6,580
Minimum capital requirements	479	526
Credit risk | IRB approach | Corporates
Disclosure of credit risk exposure
EAD	145,720	144,559
Risk exposure amount	72,139	76,038
Minimum capital requirements	5,771	6,083
Credit risk | IRB approach | Assets without counterparty
Disclosure of credit risk exposure
EAD	367	284
Risk exposure amount	367	284
Minimum capital requirements	29	23
Counterparty risk in derivatives | IRB approach | Financial institutions
Disclosure of credit risk exposure
EAD	6,106	7,127
Risk exposure amount	1,574	2,167
Minimum capital requirements	126	173
Specialized lending | IRB approach | Corporates
Disclosure of credit risk exposure
EAD	7,595	7,315
Risk exposure amount	4,996	5,757
Minimum capital requirements	400	461
Credit valuation adjustment risk
Disclosure of credit risk exposure
Risk exposure amount	1,974	2,490
Minimum capital requirements	158	199
Currency risk
Disclosure of credit risk exposure
Risk exposure amount	824	1,174
Minimum capital requirements	66	94
Commodities risk
Disclosure of credit risk exposure
Risk exposure amount	0	7
Minimum capital requirements	0	1
Operational risk
Disclosure of credit risk exposure
Risk exposure amount	4,442	4,442
Minimum capital requirements	kr 355	kr 335

Capital adequacy and liquidit_7

Capital adequacy and liquidity situation - Operational risk and capital buffer requirements (Details)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 22, 2023	Jun. 21, 2023
Disclosure of credit risk exposure
Mandatory capital conservation buffer	2.50%
Sweden
Disclosure of credit risk exposure
Countercyclical buffer			2%	1%
Parent Company
Disclosure of credit risk exposure
Mandatory capital conservation buffer	2.50%	2.50%
Countercyclical buffer	1.60%	1.60%
Parent Company | Sweden
Disclosure of credit risk exposure
Capital requirement exposure	74%	73%
Parent Company | Foreign countries
Disclosure of credit risk exposure
Countercyclical buffer	0.13%	0.13%
Parent Company | Standardized approach | Operational risk
Disclosure of credit risk exposure
Fiscal years for each business area to calculate income indicators	3 years
Parent Company | Minimum | Standardized approach | Operational risk
Disclosure of credit risk exposure
Capital requirement multiple factor	15%
Parent Company | Maximum | Standardized approach | Operational risk
Disclosure of credit risk exposure
Capital requirement multiple factor	18%

Capital adequacy and liquidit_8

Capital adequacy and liquidity situation - Internally assessed economic capital, Liquidity coverage ratio and Net stable funding ratio (Details) - Parent Company - SEK (kr) kr in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of credit risk exposure
Capital requirements	kr 22,790	kr 22,322
Total liquid assets	69,000	73,900
Net liquidity outflows	15,100	16,400
Liquidity outflows	26,100	29,300
Liquidity inflows	kr 11,800	kr 13,900
Liquidity Coverage Ratio	602%	605%
Available stable funding	kr 274,700	kr 276,300
Requiring stable funding	kr 205,900	kr 210,500
Net Stable Funding Ratio	133%	131%
Internal credit grades
Disclosure of credit risk exposure
Capital requirements	kr 10,647	kr 10,748
Internal credit grades | Credit risk
Disclosure of credit risk exposure
Capital requirements	7,302	7,350
Internal credit grades | Operational risk
Disclosure of credit risk exposure
Capital requirements	434	434
Internal credit grades | Market risk
Disclosure of credit risk exposure
Capital requirements	1,053	1,065
Internal credit grades | Other
Disclosure of credit risk exposure
Capital requirements	158	199
Internal credit grades | Capital planning buffer
Disclosure of credit risk exposure
Capital requirements	kr 1,700	kr 1,700

Capital adequacy and liquidit_9

Capital adequacy and liquidity situation - Liquidity reserve (Details) - Liquidity risk - SEK (kr) kr in Billions	Jun. 30, 2024	Dec. 31, 2023
Liquidity reserve
Liquidity reserve	kr 71.8	kr 54.3
SKR
Liquidity reserve
Liquidity reserve	36.1	26.7
EUR
Liquidity reserve
Liquidity reserve	12.8	8.6
USD
Liquidity reserve
Liquidity reserve	22.9	18.7
Other currencies
Liquidity reserve
Liquidity reserve		0.3
Securities issued or guaranteed by sovereigns, central banks or multilateral development banks
Liquidity reserve
Liquidity reserve	24.8	24.1
Securities issued or guaranteed by sovereigns, central banks or multilateral development banks | SKR
Liquidity reserve
Liquidity reserve	8	8
Securities issued or guaranteed by sovereigns, central banks or multilateral development banks | EUR
Liquidity reserve
Liquidity reserve	6.7	3.9
Securities issued or guaranteed by sovereigns, central banks or multilateral development banks | USD
Liquidity reserve
Liquidity reserve	10.1	11.9
Securities issued or guaranteed by sovereigns, central banks or multilateral development banks | Other currencies
Liquidity reserve
Liquidity reserve		0.3
Securities issued or guaranteed by municipalities or other public entities
Liquidity reserve
Liquidity reserve	24.7	16.5
Securities issued or guaranteed by municipalities or other public entities | SKR
Liquidity reserve
Liquidity reserve	5.8	5
Securities issued or guaranteed by municipalities or other public entities | EUR
Liquidity reserve
Liquidity reserve	6.1	4.7
Securities issued or guaranteed by municipalities or other public entities | USD
Liquidity reserve
Liquidity reserve	12.8	6.8
Covered bonds issued by other institutions
Liquidity reserve
Liquidity reserve	12.8	12.7
Covered bonds issued by other institutions | SKR
Liquidity reserve
Liquidity reserve	12.8	12.7
Balances with National Debt Office
Liquidity reserve
Liquidity reserve	9.5	1
Balances with National Debt Office | SKR
Liquidity reserve
Liquidity reserve	kr 9.5	kr 1

Exposures - Total net exposure

Exposures - Total net exposure (Details) - Credit risk - SEK (kr) kr in Billions	Jun. 30, 2024	Dec. 31, 2023
Sub-classifications of financial information
Net exposure	kr 442.9	kr 413.2
Percentage of net exposures	100%	100%
Central-governments
Sub-classifications of financial information
Net exposure	kr 226	kr 205.9
Percentage of net exposures	51.10%	49.80%
Regional-governments
Sub-classifications of financial information
Net exposure	kr 18.2	kr 12.6
Percentage of net exposures	4.10%	3%
Multilateral development banks
Sub-classifications of financial information
Net exposure	kr 5.4	kr 5
Percentage of net exposures	1.20%	1.20%
Public Sector Entity
Sub-classifications of financial information
Net exposure	kr 1
Percentage of net exposures	0.20%
Financial institutions
Sub-classifications of financial information
Net exposure	kr 34	kr 33.3
Percentage of net exposures	7.70%	8.10%
Corporates
Sub-classifications of financial information
Net exposure	kr 158.3	kr 156.4
Percentage of net exposures	35.70%	37.90%
Equity exposures
Sub-classifications of financial information
Net exposure	kr 0
Percentage of net exposures	0%
Credits and interest-bearing securities
Sub-classifications of financial information
Net exposure	kr 361.5	kr 343.6
Percentage of net exposures	100%	100%
Credits and interest-bearing securities | Central-governments
Sub-classifications of financial information
Net exposure	kr 165.9	kr 159.1
Percentage of net exposures	45.90%	46.30%
Credits and interest-bearing securities | Regional-governments
Sub-classifications of financial information
Net exposure	kr 17.6	kr 11.9
Percentage of net exposures	4.90%	3.50%
Credits and interest-bearing securities | Multilateral development banks
Sub-classifications of financial information
Net exposure	kr 5.4	kr 5
Percentage of net exposures	1.50%	1.40%
Credits and interest-bearing securities | Public Sector Entity
Sub-classifications of financial information
Net exposure	kr 1
Percentage of net exposures	0.30%
Credits and interest-bearing securities | Financial institutions
Sub-classifications of financial information
Net exposure	kr 27.6	kr 25.8
Percentage of net exposures	7.60%	7.50%
Credits and interest-bearing securities | Corporates
Sub-classifications of financial information
Net exposure	kr 144	kr 141.8
Percentage of net exposures	39.80%	41.30%
Credits and interest-bearing securities | Equity exposures
Sub-classifications of financial information
Net exposure	kr 0
Percentage of net exposures	0%
Committed undisbursed loans, derivatives, etc.
Sub-classifications of financial information
Net exposure	kr 81.4	kr 69.6
Percentage of net exposures	100%	100%
Committed undisbursed loans, derivatives, etc. | Central-governments
Sub-classifications of financial information
Net exposure	kr 60.1	kr 46.8
Percentage of net exposures	73.80%	67.20%
Committed undisbursed loans, derivatives, etc. | Regional-governments
Sub-classifications of financial information
Net exposure	kr 0.6	kr 0.7
Percentage of net exposures	0.70%	1%
Committed undisbursed loans, derivatives, etc. | Multilateral development banks
Sub-classifications of financial information
Net exposure	kr 0	kr 0
Percentage of net exposures	0%	0%
Committed undisbursed loans, derivatives, etc. | Financial institutions
Sub-classifications of financial information
Net exposure	kr 6.4	kr 7.5
Percentage of net exposures	7.90%	10.80%
Committed undisbursed loans, derivatives, etc. | Corporates
Sub-classifications of financial information
Net exposure	kr 14.3	kr 14.6
Percentage of net exposures	17.60%	21%

Exposures - Net exposure by reg

Exposures - Net exposure by region and class (Details) - Credit risk - SEK (kr) kr in Billions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of credit risk exposure
Net exposure	kr 442.9	kr 413.2
Central governments
Disclosure of credit risk exposure
Net exposure	226	205.9
Regional governments
Disclosure of credit risk exposure
Net exposure	18.2	12.6
Multilateral development banks
Disclosure of credit risk exposure
Net exposure	5.4	5
Public Sector
Disclosure of credit risk exposure
Net exposure	1
Financial institutions
Disclosure of credit risk exposure
Net exposure	34	33.3
Corporates
Disclosure of credit risk exposure
Net exposure	158.3	156.4
Equity exposures
Disclosure of credit risk exposure
Net exposure	0
Middle East/Africa
Disclosure of credit risk exposure
Net exposure	0.3	0.7
Middle East/Africa | Central governments
Disclosure of credit risk exposure
Net exposure	0	0
Middle East/Africa | Financial institutions
Disclosure of credit risk exposure
Net exposure	0.1	0.1
Middle East/Africa | Corporates
Disclosure of credit risk exposure
Net exposure	0.2	0.6
Middle East/Africa | Equity exposures
Disclosure of credit risk exposure
Net exposure	0
Asia excl. Japan
Disclosure of credit risk exposure
Net exposure	1.6	1
Asia excl. Japan | Central governments
Disclosure of credit risk exposure
Net exposure	0.1	0.2
Asia excl. Japan | Multilateral development banks
Disclosure of credit risk exposure
Net exposure	0.6
Asia excl. Japan | Corporates
Disclosure of credit risk exposure
Net exposure	0.9	0.8
Asia excl. Japan | Equity exposures
Disclosure of credit risk exposure
Net exposure	0
Japan
Disclosure of credit risk exposure
Net exposure	2.5	3
Japan | Central governments
Disclosure of credit risk exposure
Net exposure		0.5
Japan | Financial institutions
Disclosure of credit risk exposure
Net exposure	0	0.1
Japan | Corporates
Disclosure of credit risk exposure
Net exposure	2.5	2.4
Japan | Equity exposures
Disclosure of credit risk exposure
Net exposure	0
North America
Disclosure of credit risk exposure
Net exposure	12.7	10
North America | Central governments
Disclosure of credit risk exposure
Net exposure	2.9	0.5
North America | Multilateral development banks
Disclosure of credit risk exposure
Net exposure		1
North America | Financial institutions
Disclosure of credit risk exposure
Net exposure	2.4	1.8
North America | Corporates
Disclosure of credit risk exposure
Net exposure	7.4	6.7
North America | Equity exposures
Disclosure of credit risk exposure
Net exposure	0
Latin America
Disclosure of credit risk exposure
Net exposure	3.6	3.7
Latin America | Financial institutions
Disclosure of credit risk exposure
Net exposure	0
Latin America | Corporates
Disclosure of credit risk exposure
Net exposure	3.6	3.7
Latin America | Equity exposures
Disclosure of credit risk exposure
Net exposure	0
Sweden
Disclosure of credit risk exposure
Net exposure	343.8	308.4
Sweden | Central governments
Disclosure of credit risk exposure
Net exposure	202.2	180.9
Sweden | Regional governments
Disclosure of credit risk exposure
Net exposure	17.9	11.2
Sweden | Financial institutions
Disclosure of credit risk exposure
Net exposure	18.2	18.3
Sweden | Corporates
Disclosure of credit risk exposure
Net exposure	105.5	98
Sweden | Equity exposures
Disclosure of credit risk exposure
Net exposure	0
West European countries excl. Sweden
Disclosure of credit risk exposure
Net exposure	75.3	83.3
West European countries excl. Sweden | Central governments
Disclosure of credit risk exposure
Net exposure	18.8	21.7
West European countries excl. Sweden | Regional governments
Disclosure of credit risk exposure
Net exposure	0.2	1.3
West European countries excl. Sweden | Multilateral development banks
Disclosure of credit risk exposure
Net exposure	4.8	4
West European countries excl. Sweden | Public Sector
Disclosure of credit risk exposure
Net exposure	1
West European countries excl. Sweden | Financial institutions
Disclosure of credit risk exposure
Net exposure	13.3	13
West European countries excl. Sweden | Corporates
Disclosure of credit risk exposure
Net exposure	37.2	43.3
West European countries excl. Sweden | Equity exposures
Disclosure of credit risk exposure
Net exposure	0
Central and East European countries
Disclosure of credit risk exposure
Net exposure	3.1	3.1
Central and East European countries | Central governments
Disclosure of credit risk exposure
Net exposure	2	2.1
Central and East European countries | Regional governments
Disclosure of credit risk exposure
Net exposure	0.1	0.1
Central and East European countries | Corporates
Disclosure of credit risk exposure
Net exposure	1	kr 0.9
Central and East European countries | Equity exposures
Disclosure of credit risk exposure
Net exposure	kr 0

Exposures - Net exposures Europ

Exposures - Net exposures European countries, excluding Sweden by exposure classes (Details) - Credit risk - SEK (kr) kr in Billions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of credit risk exposure
Net exposure	kr 442.9	kr 413.2
France
Disclosure of credit risk exposure
Net exposure	16.5	16.1
Germany
Disclosure of credit risk exposure
Net exposure	13.1	9.4
Luxembourg
Disclosure of credit risk exposure
Net exposure	10.3	12.2
United Kingdom
Disclosure of credit risk exposure
Net exposure	8.6	7.1
Denmark
Disclosure of credit risk exposure
Net exposure	7.2	6.9
Finland
Disclosure of credit risk exposure
Net exposure	5.5	11.4
Norway
Disclosure of credit risk exposure
Net exposure	3.7	5.7
Belgium
Disclosure of credit risk exposure
Net exposure	3	3.7
The Netherlands
Disclosure of credit risk exposure
Net exposure	2.3	0.6
Poland
Disclosure of credit risk exposure
Net exposure	2.1	2.2
Ireland
Disclosure of credit risk exposure
Net exposure	1.7	2.2
Spain
Disclosure of credit risk exposure
Net exposure	1.1	2.6
Portugal
Disclosure of credit risk exposure
Net exposure	0.9	1.3
Switzerland
Disclosure of credit risk exposure
Net exposure	0.7	0.6
Austria
Disclosure of credit risk exposure
Net exposure	0.4	3.3
Serbia
Disclosure of credit risk exposure
Net exposure	0.3	0.4
Lithuania
Disclosure of credit risk exposure
Net exposure	0.2	0.1
Italy
Disclosure of credit risk exposure
Net exposure	0.2	0.2
Czech Republic
Disclosure of credit risk exposure
Net exposure	0.2	0.1
Estonia
Disclosure of credit risk exposure
Net exposure	0.2	0.1
Latvia
Disclosure of credit risk exposure
Net exposure	0.1	0.1
Iceland
Disclosure of credit risk exposure
Net exposure	0.1	0.1
Slovakia
Disclosure of credit risk exposure
Net exposure	0	0.1
Europe except Sweden
Disclosure of credit risk exposure
Net exposure	kr 78.4	kr 86.5