SOURCE: AB Svensk Exportkredit

December 18, 2008 10:59 ET

Strengthening of SEK's capital base now completed

STOCKHOLM, SWEDEN--(Marketwire - December 18, 2008) -


Today, the Swedish government has provided SEK with Skr 3 billion in new equity and transferred to SEK the shares of the state-owned company Venantius AB to further strengthen SEK's capacity to lend to the Swedish export industry.

In November, the Government proposed to strengthen SEK's capacity to assist the Swedish export industry with long-term financing, through a capital contribution of Skr 3 billion in new equity and a transfer of the shares of the state-owned company Venantius AB to SEK. Venantius' equity amounts to approximately Skr 2.4 billion, its loan portfolio has a book value of approximately Skr 0.6 billion, and its liquidity amounts to approximately Skr 1.8 billion (unaudited).

The proposal was approved by the Swedish Parliament and has now been carried out in full.

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


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