SEK’s interim report January-June 2020: Record lending to Swedish exporters
As a result of COVID-19, demand for financing has risen dramatically and resulted in record lending for Svensk Exportkredit (SEK). New lending for the second quarter amounted to Skr 56.5 billion, which is the second highest volume for a single quarter in the company’s history.The high volume of new lending was primarily due to the need of Swedish exporters to strengthen their liquidity.
“Many Swedish exporters are preparing for a prolonged economic downturn and have therefore strengthened their liquidity. Borrowers seek a safe port during storms and, accordingly, interest for state