SEK's lending is reaching new records
Swedish Export Credit Corporation (SEK) has today presented the interim report for the first six months of 2006.
* Operating profits amount to Skr 269.9 million (238.3) * Volume of new customer finance solutions increases by over 40% * Export credits increase. The financing of SAAB's surveillance equipment to Pakistan is the single largest transaction * SEK consolidates its strong position on both the international capital market and in Sweden, where new real rate of interest bonds have been issued
SEK carries out a very broad range of business activities to promote growth and international competition; everything from providing credit to the Nordic energy sector to taking part in financing construction company Skanska's largest project to date. "I consider this breadth to be of great importance and we are continually seeking new ways to finance corporate development plans and exports" says Peter Yngwe, the President of SEK, and continues: "Our increased business activities have improved our profits by approximately Skr 30 million to Skr 269.9 million, compared to the same period last year."
For further information, please contact: Peter Yngwe, President, +46-8-613 83 00, or Lars M Andersson, Director Communications, +46-8-613 84 05
SEK engages in financing operations and in so doing mainly promotes the development of Swedish enterprise and the Swedish export industry, and also generally engages in Swedish and international financing operations on a commercial basis. SEK mainly finances its operations by issuing bond loans in international capital markets. SEK's balance sheet and assets maintain a high quality. SEK's ratings from Standard & Poor's and Moody's for long-term liabilities are AA+/Aa1, respectively. Also see SEK's website: www.sek.se
The full report including tables can be downloaded from the following link:
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