SEK’s interim Report January-March 2022: High demand for export credits
The quarter is largely marked by Russia’s invasion of Ukraine, which is creating substantial human suffering, streams of refugees and geopolitical concern. The direct economic effect of the war on Sweden and SEK is limited, but the Swedish export industry is impacted through higher energy prices, component shortages and sharply rising inflation.SEK reach a high level of new lending during the first quarter of the year, Skr 24.4 billion, significantly higher compared with the same period in the previous year, Skr 14.9 billion, mainly as a result of high demand for export credits to foreign