EKN Årsredovisning 2008

Highlights of the year

  • Demand for EKN’s guarantees has risen strongly. We issued 1,496 offers to guarantee risk in export transactions in 124 countries.
  • The volume of offers was SEK 69 billion, compared with SEK 46 billion the previous year – an increase of 52 percent.
  • We ended the year with our largest ever volume of outstanding guarantees – over SEK 105 billion.
  • Parliament and the government granted an increase in our guarantee limit. We can now issue guarantees for up to SEK 350 billion, with effect from 1 January 2009.
  • We welcomed 100 new customers.
  • We strengthened our skills supply with new recruitments and investment in training.
Business volume
Business volume 2008   2007
Total amount for offers during the year 69,250   45,669
Total amount for guarantees during the year 32,905   23,943
Premium income 525   422
Indemnifications and costs of loss prevention measures 49   32
Recoveries 434   925
NET RESULT FOR THE YEAR 820   1,755
Outstanding exposure and accumulated results 31 Dec 2008   31 Dec 2007
Outstanding offers 77,774   68,981
Outstanding guarantees 105,407   88,861
Provisions for estimated risk exposure 9,491   7,973
Outstanding indemnified claims, nominal 6,900   6,867
Outstanding indemnified claims, estimated net value 1,558   1,393
ACCUMULATED RESULT 10,192   9,372


An EKN offer is a promise, free of charge, to issue guarantees for an unconditional contract, or when delivery takes place. The offer specifies the conditions for the guarantee, such as the premium or which amounts are covered.

An EKN guarantee means that the Swedish State assumes responsibility for a guarantee for the risks covered by the guarantee