v3.25.4
Derivatives and hedge accounting (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about hedging instruments [abstract]  
Schedule of derivatives and maturity analysis
Derivatives by categories
December 31, 2025December 31, 2024

Skr mn
Assets Fair valueLiabilities Fair value
Nominal amounts1
Assets Fair valueLiabilities Fair value
Nominal amounts1
Interest rate-related contracts4,6241,332510,8655,066919531,122
of which in fair value hedges1,067302227,635525358261,126
of which in cash flow hedges———-4—5,000
Currency-related contracts2,0977,550137,0525,5774,120154,836
of which in fair value hedges1,8771,10732,1671,4482,56635,260
Equity-related contracts————7090
Contracts related to commodities, credit risk, etc.—1052,890—1184,648
Total derivatives2
6,7218,988650,80710,6435,227690,696
1    Nominal amounts before set-off.
2    All derivatives are used for economic hedging purposes.
Maturity analysis of the nominal amounts of hedging instruments
December 31, 2025
Skr mn< 1 year1 year < 5 years> 5 yearsNominal amounts
Interest rate-related contracts
Hedge of fixed rate assets58,290137,04329,045224,378
Hedge of fixed rate liabilities—1,2402,0173,257
Hedge of floating rate assets————
Currency-related contracts
Hedge of fixed rate assets4,26213,73040818,400
Hedge of fixed rate liabilities1,9488,1903,62913,767
December 31, 2024
Skr mn< 1 year1 year < 5 years> 5 yearsNominal amounts
Interest rate-related contracts
Hedge of fixed rate assets70,503148,11237,929256,544
Hedge of fixed rate liabilities5,000——5,000
Hedge of floating rate assets1,1551,1942,2334,582
Currency-related contracts
Hedge of fixed rate assets45211,9366,06218,450
Hedge of fixed rate liabilities8,1997,96664616,811
Schedule of carrying amount of hedge items in fair value hedge and its adjustments
AssetsDecember 31, 2025December 31, 2024
Skr mnCarrying amountFair value hedge adjustmentsCarrying amountFair value hedge adjustments
Loans in the form of interest-bearing securities13,333-15515,979-598
Loans to credit institutions874-21,058—
Loans to the public13,707-2612,315-44
Total27,914-18329,352-642
LiabilitiesDecember 31, 2025December 31, 2024
Skr mnCarrying amountFair value hedge adjustmentsCarrying amountFair value hedge adjustments
Debt securities issued223,9521,556256,459378
Total223,9521,556256,459378
Schedule of cash flow hedge effectiveness
Cash flow hedge effectiveness
Skr mn20252024
Changes in fair value of hedging instruments456
Changes in value of hedged items used as a basis for recognizing hedge ineffectiveness-3-58
Hedge ineffectiveness recognized in profit or loss1
——
Hedging gain or losses recognized in other comprehensive income456
1    Recognized in the line item “Net result of financial transactions”.
Schedule of cash flow hedge reserve
Skr mn20252024
Opening balance January 1-3-47
Valuation gains and losses6126
Tax on valuation gains and losses-1-26
Transferred to the income statement-2-71
Tax on transfers to the income statement015
Other comprehensive income, net of tax344
Total comprehensive income344
Closing balance December 31—-3
of which relates to continuing hedges for which hedge accounting is applied—-3
of which relates to hedging relationships for which hedge accounting is no longer applied0—
Schedule of financial assets subject to offsetting, enforceable master netting arrangements and similar agreements
Skr mnDec 31, 2025Dec 31, 2024
Gross amounts of recognized financial assets8,18513,328
Amounts offset in the Statement of Financial Position-1,465-2,685
Net amounts of financial assets presented in the Statement of Financial Position6,72110,643
Amounts subject to an enforceable master netting arrangement or similar agreement not offset in the Statement of Financial Position related to:
Financial instruments-2,124-1,881
Cash collateral received-4,339-7,997
Net amount258765
Schedule of financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements
Skr mnDec 31, 2025Dec 31, 2024
Gross amounts of recognized financial liabilities10,4527,912
Amounts offset in the Statement of Financial Position-1,465-2,685
Net amounts of financial liabilities presented in the Statement of Financial Position8,9885,227
Amounts subject to an enforceable master netting arrangement or similar agreement not offset in the Statement of Financial Position related to:
Financial instruments-2,124-1,881
Cash collateral paid-6,560-3,170
Net amount303176