SEK's Year-end Report 2020: Record in new lending for SEK
The ongoing COVID-19 pandemic has left its mark on operations during the year. Exporters’ need for financing rises in times of economic turbulence. In 2020, the Swedish Export Credit Corporation (SEK) lent Skr 125.5 billion and set a new lending record for the company. The high level of lending also contributed to extremely high net interest income of Skr 1,946 million.The export industry recovered in the third and fourth quarters despite a second wave of infection. However, economic forecasts remain subject to considerable uncertainty.During the pandemic, exporters were in substantial