The Riksbank said that if the coronavirus crisis becomes prolonged, the risks to financial stability will increase.
"Many Swedish companies have seen a sharp decline in their revenues and are therefore having difficulty paying their expenses," the Riksbank said in its"This is affecting both economic growth and unemployment, and there is a risk of the crisis spreading to the banking sector in the form of credit losses. As in other countries, the crisis has led to the functionality of financial markets in Sweden deteriorating," it noted.
Source: Loan Digest (loandigest.net)
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