Increased capacity for SEK to assist Swedish export companies

2008.11.10

Today the Swedish government has decided to propose an increase of SEK’s capacity to assist the Swedish export industry with vital long-term financing.

The Swedish government has decided on a proposition aimed to increase SEK’s, Swedish Export Credit Corporation, capacity to assist the Swedish export industry with vital long-term financing. This is done through a transfer of the shares of the state-owned company Venantius AB to SEK. In addition, SEK is supplied with Skr 3 billion to further strengthen SEK’s lending capacity to the Swedish export industry.

- It is very important that we quickly secure Swedish companies’ access to long-term financing, otherwise the international competitiveness of the Swedish export industry is severely threatened. The government’s proposition is very positive and means that SEK’s equity is more than doubled and that our lending capacity is heavily increased, says Peter Yngwe, CEO of SEK.

For further information please contact Peter Yngwe, SEK’s CEO, on
+46 8 613 83 00 or Johan Winlund, Head of Communications, on
+46 8 613 84 88.