Here you will find all news and press releases.
EKN updates country risk classifications for six nations. West African Cape Verde and four Latin American/Caribbean countries are upgraded, while Israel in the Middle East is downgraded due to conflict risks.
EKN updates country risk classifications for six countries
As of 20 September 2024, new functions will be available for Business Accounts in EKN Online. In connection with this, the General Terms and Conditions for EKN Online are also updated.
New functions in EKN Online
EKN has eased requirements for Zambia, abolishing the need for own hard currency earnings and letters of credit for bank risks.
Zambia – country policy change
EKN has closed long-term bank risks for Ethiopia due to financial challenges and a severe hard currency shortage.
EKN tightens Ethiopia policy by closing long-term bank risks
Despite remaining in country risk class 7, Pakistan is showing signs of economic stabilization with selective policy reliefs.
Pakistan's economic outlook shows signs of improvement
Georgia, Montenegro and Oman have new country risk classifications following the latest OECD meeting.
Read more
Today, the 28th meeting of the Conference of the Parties (COP) opens in Dubai.
SEK and EKN explain the importance of attending COP28
Please be informed that revised and updated General Conditions for Counter Guarantees are now available on EKN’s website.
Updated General Conditions for Counter Guarantees
In the 2024 budget bill, the government proposes a special guarantee framework for EKN in the National Debt Office and allocation of funds to appropriations in the state budget for guaranteeing exports to Ukrainian importers.
Special export credit guarantee for Ukraine
EKN appoints Lena Bertilsson as new Director of Business Area for Large Corporates and member of EKN’s executive management. She has extensive experience from export finance and senior positions within several banks, most recently at Swedbank.
Lena Bertilsson new Director of Business Area for Large Corporates at EKN
Please be informed that revised and updated General Terms and Conditions for Buyer Credit Guarantees now are available on EKN’s website.
Updated General Terms and Conditions for Buyer Credit Guarantees
The Export-Import Bank of the United States (EXIM) and the Swedish export credit agency EKN have concluded a reinsurance agreement.
Sweden and US have concluded a reinsurance agreement
Interim Report January-April 2023: During the period EKN issued guarantees worth SEK 48.3 billion (SEK 28.0 billion) – the highest volume ever achieved during a first tertial. EKN’s guarantee offers also reached a record level.
Guarantee volumes at record levels
OECD has presented a principle proposal for the modernization of the international guidelines for export credits, where "green" transactions are rewarded.
Updated guidelines from OECD
EKN’s Annual Report 2022: EKN’s guarantees amounted to SEK 64.8 billion, exceeding SEK 60 billion for the third year in a row.
Third year with high guarantee volume
To secure access to raw materials for Swedish companies, EKN is launching a credit guarantee for imports for the first time. This entails an expansion of EKN’s mission.
New credit guarantee to secure Sweden’s access to raw materials
Interim report Jan-Apr 2022: During the period, the Swedish Export Credit Agency (EKN) issued guarantees for exports to a value of SEK 28 billion. While down on last year’s record, it matched the high level recorded in 2020. Russia’s invasion of Ukraine and the outbreak of war prompted EKN to immediately halt guarantees for export deliveries to Russia, Belarus and Ukraine.
Guarantee volume remains high in the first four months of 2022
Due to Russia's invasion of Ukraine, which took place from several directions, including Belarus, EKN has decided to put the country policy for these three countries under review.
EKN stops guarantees to Russia, Ukraine and Belarus