Highlights of the year

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  • During the year EKN issued offers and guarantees for export transactions to 101 countries.
  • During the year, the number of offers and guarantees issued increased in number but decreased in volume compared to the previous year. The difference in volume is due to a single very large transaction that was guaranteed in the previous year.
  • Indemnifications reached a new record low at only SEK 12 million. Together with the costs for loss prevention, indemnification costs ended the year at SEK 32 million, compared to the previous year’s already low SEK 43 million.
  • Recoveries again exceeded expectations at SEK 925 million.
  • Halfway through the year EKN was given a new a broader mandate in EKN’s new ordinance. The new ordinance opens up further opportunities for companies to utilise EKN guarantees. Now it is mainly the extent to which the transaction promotes Swedish exports that determines whether EKN can guarantee the transaction. Previously it was the proportion of Swedish goods in the export transaction.
  • EKN has conducted a major campaign, with letters, telemarketing and seminars aimed at small and medium-sized enterprises (SMEs), and also local bank branches. The seminars have been nation-wide, working closely with ALMI and the Swedish Trade Council.
  • During the year, EKN issued offers and guarantees to 99 small and medium-sized enterprises which previously had not used EKN. The previous year we welcomed 74 new companies.
  • The Export loan was launched. The Export loan provides an opportunity for SMEs to obtain working capital for exports. It is financed and marketed in a collaboration between EKN, SEK, ALMI, the Swedish Trade Council and Swedfund.
  • The demand for EKN guarantees remains high from major corporates, even though the private sector still shows a great willingness to take risks, and has high liquidity. The number of offers and guarantees to large companies has increased, though the volume has decreased compared to the previous year.
  • EKN has reorganised its business activities and created two new business areas. One business area meets the needs of SMEs, while the other meets the needs of major companies.