Record high lending from SEK for the Swedish export industry 2009

(Thomson Reuters ONE) - SEK's efforts for the Swedish export industry during 2009 and the financialcrisis was larger than ever. Lending for the Swedish export industry has beenrecord high. Financing from SEK has been essential on numerous occasions forexport deals to go ahead.· The volume of new customer financing was the highest ever, at Skr 122.5billion (64.9)· Operating profit (IFRS) was Skr 2,368.6 million (185.2)· Core earnings for 2009 amounted to Skr 1,599.3 million (833.9)· New borrowing totaled Skr 111.8 billion (86.1)· The Board of Directors has resolved to propose the Annual General Meeting thatdividend will be made with Skr 518 million (0)SEK's lending for the Swedish export industry in 2009 was at a record high. Thevolume of new customer financing during the year totaled Skr 122.5 billion,which was an increase of 89 percent on 2008. It was primarily lending forSwedish exporters that grew during the year. No less than 83 percent of SEK'slending during 2009 was provided directly to the corporate sector.SEK's ability to always offer the Swedish export industry long-term financing,irrespective of conditions in the financial markets, has played an importantrole in the strengthening the international competitiveness of Swedishcompanies."Compared internationally, the Swedish export industry has coped well with thecrisis. Cooperation with other banks and the Swedish Export Credits GuaranteeBoard has worked very well thereby ensuring that Swedish companies have hadaccess to financing throughout the crisis, providing a very importantcompetitive advantage for Swedish export companies," said SEK President PeterYngwe.SEK's funding operations have also worked very well during the year, despite theturmoil and lack of liquidity in the world's capital markets. Total newlong-term borrowing amounted to Skr 111.8 billion.For further information please contact Johan Winlund, Head of Communications atSEK, on+46 (0)8-613 84 88.[HUG#1380877] Year end report 2009: http://hugin.info/138134/R/1380877/340302.pdf

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Datum: 04.02.2010 - 16:28 Uhr
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