Interim Report Jan - Sept 2010

Continued strong market position

• SEK's new direct lending to Swedish exporters and their customers in the period was at an high level, despite new lending decreasing compared with 2009. Operating profit (IFRS) was also strong, amounting to Skr 971.7 million for the first nine months of the year.
• Operating profit (IFRS) for the first nine months of the year was Skr 971.7 million (1,674.8)
• Adjusted operating profit (Core Earnings) for the first nine months of the year was Skr 1,048.6 million (1,262.2)
• The volume of new customer financing solutions for the first nine months of the year amounted to Skr 39.1 billion (84.0).
• The outstanding volume of offers for credits was Skr 67.7 billion (Skr 84.5 billion at the end of 2009)
• New borrowing amounted to Skr 59.0 billion (91.0)

SEK’s new lending amounted to Skr 39.1 billion for the first nine months of the year. This was a decrease of Skr 44.9 billion on the corresponding period in 2009. Despite the significant decrease, direct lending volumes to Swedish exporters and their customers was at very high levels.

“Our earnings and our high volumes of financing for companies show that our market position is strong, even when markets stabilize and liquidity increases. Our cooperation with banks and other financial institutions is becoming increasingly important and is contributing to strengthening the competitiveness of Swedish exports,” said SEK President Peter Yngwe.

In 2010 SEK has continued to have good access to all relevant capital markets and new borrowing has amounted to approximately Skr 59 billion.

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

Interim Report Jan - Sept