Interim report for the first quarter 2007

• Core Earnings amounted to Skr 144.2 million (134.5), whilst operating profit according to the IFRS amounted to Skr 222.5 million (130.9)
• The volume of new customer financial transactions was Skr 13.5 billion (15.3)
• New Export Loan intended for small and medium-sized companies
• First Swedish borrower to issue a global 10-year bond (USD 1.25 billion)
• Continued powerful volume growth and a wider range of products

In a market which continues to be characterised by high liquidity and pressure on  margins SEK managed to perform strongly during the first quarter with operating profit (core earnings) of Skr 144.2 million (134.5). Of the new financing transactions, worth Skr 13.5 billion (15.3), a considerable share went to the largest Swedish companies.

But it is far from being only the large companies that require help with financing. Even though the 100 largest companies account for some two thirds of Sweden’s exports, small and medium-sized companies have major unexploited potential for increasing export volumes, comments President Peter Yngwe.

SEK has therefore this spring, together with its colleagues in the Sector, established the Export Loan, a new financing option especially designed to meet these companies’ needs Peter Yngwe continues. Other examples where the SEK can contribute to underpinning Swedish interests include our opportunities for offering Swedish companies financing in local currencies. We are constantly involved in granting credits of this type, to which the highest priority is given.

Read the Interim report here