Record high lending from SEK for the Swedish export industry 2009

SEK's efforts for the Swedish export industry during 2009 and the financial
crisis was larger than ever. Lending for the Swedish export industry has been
record high. Financing from SEK has been essential on numerous occasions for
export deals to go ahead.

· The volume of new customer financing was the highest ever, at Skr 122.5
billion (64.9)
· Operating profit (IFRS) was Skr 2,368.6 million (185.2)
· Core earnings for 2009 amounted to Skr 1,599.3 million (833.9)
· New borrowing totaled Skr 111.8 billion (86.1)
· The Board of Directors has resolved to propose the Annual General Meeting that
dividend will be made with Skr 518 million (0)
SEK's lending for the Swedish export industry in 2009 was at a record high. The
volume of new customer financing during the year totaled Skr 122.5 billion,
which was an increase of 89 percent on 2008. It was primarily lending for
Swedish exporters that grew during the year. No less than 83 percent of SEK's
lending during 2009 was provided directly to the corporate sector.

SEK's ability to always offer the Swedish export industry long-term financing,
irrespective of conditions in the financial markets, has played an important
role in the strengthening the international competitiveness of Swedish
companies.

"Compared internationally, the Swedish export industry has coped well with the
crisis. Cooperation with other banks and the Swedish Export Credits Guarantee
Board has worked very well thereby ensuring that Swedish companies have had
access to financing throughout the crisis, providing a very important
competitive advantage for Swedish export companies," said SEK President Peter
Yngwe.
SEK's funding operations have also worked very well during the year, despite the
turmoil and lack of liquidity in the world's capital markets. Total new
long-term borrowing amounted to Skr 111.8 billion.



For further information please contact Johan Winlund, Head of Communications at
SEK, on
+46 (0)8-613 84 88.



[HUG#1380894]