FI invites banks to a discussion about household debts

Household debts are continuing to develop in an unfavourable direction. This is one of the conclusions in FI's Stability Report, which is being published today.

"I will be inviting the CEOs of the eight largest banks to follow up on FI's Swedish Mortgage Market report and discuss the banks' view on the sharp increase in debts over the past few years," says Erik Thedéen, Director General of FI.

This year's first stability report shows that although resilience in the Swedish financial system is satisfactory, vulnerabilities remain.

Household indebtedness does not currently pose a direct threat to financial stability, but the debts of households have continued to rise, which makes the economy vulnerable to shocks. Erik Thedéen will therefore meet with the CEOs of the largest banks to discuss their view on lending to households.

"Now is the time to increase resilience and I am working from the assumption that the banks share our view that we need to slow the rate at which household debt is increasing," says Erik Thedéen.

FI's report, Stability in the Financial System, will be presented at a press conference today, Thursday 26 May, at 10 a.m. by Erik Thedéen and Chief Economist Henrik Braconier.

The press conference is only for representatives from the media, but it will be broadcast live on FI's website.

The Stability Report will be presented at a webcast press conference at 10:00 a.m. today, Thursday, 26 May.