
The Swedish Export Credit Corporation is a game-changer for businesses looking to expand globally. It provides financial support to Swedish companies, empowering them to take on international projects with confidence.
By offering a range of financial instruments, the Swedish Export Credit Corporation helps businesses manage risks and secure financing for exports, investments, and project financing. This support enables companies to grow and thrive in the global market.
The corporation's financial support can be tailored to meet the specific needs of each business, from small and medium-sized enterprises to large corporations. This flexibility is a major advantage for businesses looking to navigate the complexities of international trade.
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Business and Finance
Preem has signed a SEK 3 billion loan agreement with Swedish Export Credit Corporation (SEK) to support its transition to large-scale renewable fuel production.
The loan is covered by the Swedish National Debt Office's program for green credit guarantees, which is part of the central government's green guarantee program. This is the first guarantee the Swedish National Debt Office issues within this framework.
The loan will enable Preem to speed up its investments and secure an increased supply of sustainable biofuels for the Swedish transport sector.
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Finance Your Global Business
Swedish Export Credit Corporation is a state-owned company that finances Swedish exporters, their subcontractor, and foreign customers. They've been doing this for over 60 years, making significant progress in integrating sustainability into their operations.
The company has financed the development and success of Swedish export companies, contributing to jobs and sustainable growth in Sweden. Swedish exports account for over 50 percent of Sweden's GDP.
By offering stable, competitive, and long-term financing, SEK strengthens the competitiveness of export companies. This helps create new jobs and drives economic activity in Sweden.
SEK has a strong focus on sustainability, with sustainability being a natural and integrated part of their business. They believe that merging business with sustainability is the future and will lead to increased benefits for Swedish companies.
The company provides financing to Swedish exporters, their subcontractors, subsidiaries, and international buyers of Swedish products and services. This financing supports the growth of companies.
SEK promotes the transition to a more sustainable society, both within Sweden and globally.
Appoints New CFO
Swedish Export Credit Corporation (SEK) has just appointed a new Chief Financial Officer (CFO), Tobias Hornberger. He joins SEK from Nordea, where he has extensive experience across multiple areas.
Tobias Hornberger holds a degree in business and economics from the Stockholm School of Economics. His background in the banking and financial sector is impressive, with experience in asset management at Handelsbanken Asset Management and investment banking at Öhman Fondkommission.
Tobias has been with Nordea since 2014, holding various positions within the Finance function. Most recently, he served as Head of Group Financial Management. His new role at SEK will be a great opportunity for him to bring his expertise to a new challenge.
Tobias will lead SEK’s CFO department and be a member of the executive management team, reporting directly to CEO Magnus Montan.
Frequently Asked Questions
What is the credit rating of Swedish Export Credit Corporation?
The credit rating of Swedish Export Credit Corporation is AA+/Stable/A-1+, indicating a very high level of creditworthiness. This rating reflects the corporation's strong financial position and stable outlook.
What is the ECA of Sweden?
The ECA of Sweden is the Swedish Export Credit Corporation (SEK), a joint government and bank initiative established in 1962. SEK supports Swedish exports by providing financial guarantees and insurance.
What is the Swedish Export Credit Guarantee Board?
EKN, also known as the Swedish Export Credit Guarantee Board, is a government authority that promotes Swedish exports and internationalization by providing insurance against non-payment risks. It supports Swedish companies and banks in their export activities.
How does export credit work?
Export credit agencies provide loans, guarantees, and insurance to help domestic companies overcome the risks of exporting to other countries. This support helps businesses navigate international trade with greater confidence and security.
Sources
- https://www.preem.com/en/press-and-news/news/2022/preem-signs-sek-3-billion-loan-agreement-with-swedish-export-credit-corporation/
- https://www.sek.se/en/
- https://versasec.com/casestudy/sek/
- https://news.cision.com/ab-svensk-exportkredit/r/swedish-export-credit-corporation-aims-to-increase-customer-value-and-growth,c4130551
- https://news.cision.com/ab-svensk-exportkredit/r/swedish-export-credit-corporation-appoints-new-cfo,c4105373
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