EKN January-June 2015: Guarantee volume dominated by emerging markets

Press release - 24 AUG 2015

The demand for EKN’s guarantees is highest for exports to emerging markets and the volume of guarantees for SMEs has broken a new record.

EKN guaranteed 807 export transactions destined for 101 countries with a value of SEK 16.7 billion during the first six month of  2015. Exports to emerging markets accounted for 79 per cent of the total amount, up from 65 per cent last year.

 “EKN’s guarantees make emerging markets more accessible to the Swedish export industry. We have a key role in enabling export transactions on markets where the risk capacity of other entities is limited,” says EKN’s Director General Karin Apelman.

The volume of guarantees increased by eight per cent year-on-year. Telecom equipment exports accounted for nearly half of the guarantees provided. EKN’s guarantees for small and medium-sized enterprises increased by 71 per cent, soaring to a record-high SEK 1.3 billion.

“Our focus on reaching out to more SMEs with EKN’s offering is stimulating exports to rapidly-growing markets,” says EKN’s Director General Karin Apelman.

EKN’s volume of offers amounted to SEK 32.6 billion, a 29 per cent year-on-year increase. This high volume of offers is referring to a couple of large transactions.