We make difficult markets accessible and export transactions possible. Our activities encompass export transactions in 120 different countries, and the companies we help range from small companies to large groups. EKN has existed since 1933, and has a broad network which includes banks, EKN's counterparts in other countries and other export-promoting organisations.
The nature of our commission means we are both a business partner and a government authority. EKN's decision to provide a guarantee is based on our businesslike assessment of the risk.
The premium paid by guarantee holders reflects the risk in the transaction and represents EKN's provision for loss. In the course of our business we have established a strong financial position, which means we are able to honour our commitments and expand our activities using our own resources. There have been periods in EKN's history when our reserves did not cover the costs of loss. In these situations, EKN has an unlimited borrowing facility with the Swedish National Debt Office.
|The Swedish Export Credit System||2019|