Bloomberg News

Sweden’s Central Bank to Transfer $1.13 Billion to Treasury

February 13, 2012

Feb. 13 (Bloomberg) -- Sweden’s central bank has proposed transfering 7.5 billion kronor ($1.13 billion) to the Treasury from its 2011 profit, the bank said in a statement today.

The bank’s guidelines stipulate that transfers to the Treasury be equivalent to 80 percent of the bank’s average profit over the past five years, it said. The profit is calculated excluding the impact of exchange rate and gold price fluctuations, while balance sheet adjustments are included.

Link to Statement:{NSN LZBQCA3PR6RK <GO>}

To contact the reporter on this story: Frances Schwartzkopff in Copenhagen at fschwartzko1@bloomberg.net

To contact the editor responsible for this story: Tasneem Brogger at tbrogger@bloomberg.net


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