January–December 2015: Major increase in issuing of guarantees
The SAAB Gripen transaction with Brazil led to a major increase in EKN's issuing of guarantees in 2015. The increase in demand for guarantees for transactions to the Gulf countries and Russia also contributed to the increase. In addition, we saw record-high demand from SMEs.
“The transactions and guarantee volume for the year demonstrate that the need for risk coverage remains high for both large and small companies,” says EKN Director General Karin Apelman.
The issuing of guarantees experienced a major increase during the year, totalling SEK 90.1 billion, in comparison to SEK 26.7 billion the year prior. The issuing of guarantees is still higher than the previous year even if the SAAB Gripen transaction with Brazil is excluded.
The volume of offers increased substantially as well. EKN issued new offers for SEK 75.8 billion during the year, in comparison to SEK 54.2 billion the year prior.
“In an uncertain world economy with lower growth rates, there are still excellent export opportunities for the Swedish business sector,” says Karin Apelman.
|
Transactions and profit for the year |
2015 |
2014 |
|
Number of new offers |
1,993 |
1,938 |
|
New offers, SEK million |
81,105 |
54,243 |
|
Number of new transactions |
1,557 |
1529 |
|
New transactions, SEK million |
90,056 |
26,695 |
|
Indemnifications, SEK million |
476 |
537 |
|
Profit |
464 |
1,824 |
|
|
|
|
|
Outstanding exposure and accumulated earnings (SEK million) |
31/12/2015 |
31/12/2014 |
|
Outstanding offers |
72,984 |
125,814 |
|
Outstanding guarantees |
214,134 |
174,245 |
|
Provision for exposure risk |
9,833 |
5,412 |
|
Equity |
23,252 |
25,075 |