SEK: Strengthened market position and improved results for SEK

SEK's role as a reliable partner for the Swedish export industry has
become all the more important as the financial crisis has deepened.
Demand for SEK's financial solutions has increased strongly,
resulting in increased business volumes and strengthened market
position.

  * Core Earnings for the first nine months of the year, after
    impairments, totalled Skr 464.0 million (396.0)
  * Operating profit (IFRS) amounted, after impairments, to Skr 556.8
    million (371.8)
  * Increase in the volume of export credits and lending to the
    financial sector
  * The volume of new customer financing solutions was Skr 41.2
    billion (37.8)
  * Successful new borrowing of Skr 68.1 billion (85.1)

Many of the large international banks, which previously accounted for
a significant share of long-term financing for the largest Swedish
exporters, have now reduced their activities on the Scandinavian
market in the wake of the financial crisis. This has meant increasing
numbers of companies turning to SEK for long-term financing. The rise
in demand has resulted in increased business volumes and strengthened
market position for SEK.
The volume of new customer financing solutions for the first nine
months of the year increased by Skr 3.4 billion. It is primarily
export loans and loans to the financial sector that have shown strong
growth this year, together totalling Skr 29.9 billion.

-          It is satisfying to note that SEK has strengthened its
market position. Demand for financing is still high in the Swedish
export sector.  Now the parties in the Swedish financial market must
work together to ensure that Swedish exporters have access to
financial solutions, says Peter Yngwe, President of SEK.

SEK's new borrowing amounted to Skr 68.1 billion for the first nine
months of the year. The Japanese and U.S. retail bond markets still
account for the bulk of SEK's new borrowing.

For more information, please contact Peter Yngwe, President of SEK,
+46 8 613 83 00, or Johan Winlund, Head of Communications at SEK, +46
8 613 84 88.

The full report with tables can be downloaded from the following
link: