SEK finances Volvo Car’s suppliers
Swedish export

SEK finances Volvo Car’s suppliers

SEK has together with EKN and local banks provided funding for Volvo Cars' suppliers.

The ability to finance suppliers of Swedish export companies is a new possibility for SEK, following the change in SEK’s assignment by the owner, the Swedish government in 2015 to allow SEK to also offer financing solutions that indirectly promote Swedish exports.

SEK has during 2016 completed such financing for Volvo Cars. The underlying need arose from relatively long lead times from when the products are delivered to Volvo by the supplier until the product is ready for use in production.

SEK’s financing solution frees up capital, which benefits all parties. The partnership is run together with the EKN, local banks, the exporter and suppliers.

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