EKN Jan-Mar 2016: Increased demand from SMEs for EKN guarantees
In the first quarter of this year, EKN has guaranteed twice as many export transactions as in the same period the previous year. The increase is mainly due to increased demand from small and medium-sized enterprises.
The guarantee volume for the period was SEK 6.4 billion, compared with SEK 8.5 billion in the first quarter of 2015. The number of guaranteed transactions was 466, compared with 235.
The guarantee volume for small and medium-sized enterprises was SEK 733 million, an increase of 26 percent.
The number of offers has also increased, while the volume has fallen.
“EKN guarantees the payment risk for small and medium-sized enterprises that are expanding into emerging markets. We are increasing our efforts to reach out to these companies,” says EKN’s Director General Anna-Karin Jatko.
During the period, EKN made extensive provisions for a certain large transaction with payment problems, leading to a negative result of SEK -1,990 million for the period.
“EKN’s mission involves having some very large transactions in our risk exposure. We must always be prepared for the possibility of large individual claims. After many years of positive results, we are well prepared,” says Anna-Karin Jatko.
|
Transactions for the period |
Jan-Mar 2016 |
Jan-Mar 2015 |
|
Offers, number |
576 |
445 |
|
Volume of offers, SEK million |
17,815 |
20,674 |
|
Guaranteed transactions, number |
466 |
235 |
|
Volume of guarantees, SEK million |
6,447 |
8,531 |
|
Claims incurred |
-2,355 |
-19 |
|
Profit/loss for the period, SEK million |
-1,990 |
500 |
|
Outstanding exposure and accumulated earnings, SEK million |
31/03/2016 |
31/12/2015 |
|
Outstanding offers |
78,792 |
72,984 |
|
Outstanding guarantees |
198,383 |
214,134 |
|
Provision for exposure risk |
12,075 |
9,833 |
|
Equity |
20,747 |
23,252 |