SEK’s interim report January-March 2020: Substantial increase in demand for financing
The first quarter of the year was dominated by the spread of COVID-19 with devastating effects on Sweden’s export industry and the global economy. Demand for financing has increased substantially and SEK has implemented several measures to meet the export industry’s needs. The company is well capitalized and has high liquidity.In the first phase of the crisis, borrowing needs among SEK’s clients were greatest for mediumsized companies and their suppliers, who were hard hit by considerable disruptions in supply chains. Initial demand was for short-term credits to strengthen clients’