High demand for EKN’s crisis measures

The volume of guarantees was slightly higher than the corresponding period in the previous year and the number of new transactions was slightly lower. At the end of the period, demand for EKN increased strongly as a result of the companies’ increasing need for working capital credit and EKN’s temporary solutions during the crisis.

In the first four-month period of the year, volume of guarantees amounted to SEK 28.4 billion, compared with SEK 23.2 billion in the previous year. A single very large transaction constitutes an extensive share of the volume of guarantees. The number of new transactions decreased from 890 to 672. Nearly half of the decrease is attributable to a change, which means that certain guarantees are renewed every two years instead of every year.

The demand for EKN’s temporary crisis solutions led to a very large increase in guarantee offers, which is expected to lead to a larger volume of guarantees in the next four-month period.

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The period at a glance

  • Due to the COVID-19 crisis, EKN began offering working capital credit guarantees to large companies in the month of March. During the period, 61 applications were received and EKN issued 20 guarantee offers comprising SEK 105.5 billion.
  • The COVID-19 crisis has led to a greater need for payment deferments and thereby guarantee prolongations. At the end of the period, 144 applications for EKN’s consent to deferment had been received for transactions totalling SEK 3.3 billion.
  • Claim adjustment began in a large transaction to a mine with previously known problems.
  • The period’s claims payments pertained to transactions where provisions had previously been made.
  • Profit for the period totalled SEK 175 million.


New transactions and profit/loss

Jan-Apr 2020

Jan-Apr 2019

New guarantee offers, SEK millions



New guarantee offers, number



New transactions, volume guarantees, SEK millions



New transactions, numbers



Claims paid, SEK millions



Profi/loss, SEK millions



Financial Reports

Interim Report January - April 2020
Annual Report 2019
Interim Report January-August 2019 2019
Interim Report January-April 2019
Annual Report 2018
Annual Report 2017
Annual Report 2016
Annual Report 2015
Annual Report 2014
Annual Report 2013
Annual Report 2012
Annual Report 2011
Annual Report 2010
Annual Report 2009