A growing number of small and medium-sized enterprises (SMEs) are using EKF export guarantees to obtain financing for their business transactions and ensure that their products are competitive and attractive to international buyers. In 2012, the number of export companies assisted by EKF surged by almost 20 per cent to 461, representing the largest increase in customers in any single year.
“EKF’s visibility among Danish export companies is higher than ever before. Many of our new customers are finding that we can play a key role in their growth and efforts to attract new customers and orders abroad,” says Anette Eberhard, CEO of EKF.
EKF’s 2012 financial statements show that EKF issued new export credit and working capital guarantees worth a record DKK 16.4 billion. The total exposure administered by EKF increased to DKK 77 billion – another record.Substantial contribution to the Danish economy and society
In 2012, EKF made another substantial contribution to the Danish economy and society. Last year, EKF helped Danish companies secure orders worth approx. DKK 28 billion and create and retain some 17,500 jobs in Denmark.
Overall, EKF’s net profit for the year came to DKK 473 million – funds that will be earmarked for helping even more Danish companies move forward. The positive results were achieved e.g. because EKF managed to keep claims and losses at a minimum despite global economic hardship. However, due to a general increase in risk, EKF has had to increase provisions for potential future losses.
EKF’s possibilities of assisting Danish companies were enhanced in several respects in 2012. As a case in point, the Danish government injected another DKK 15 billion into the Export Lending Scheme, which will benefit large export projects, in particular.
And finally, EKF now has the possibility of assisting Danish export companies and their sub-suppliers to obtain financing for production facilities in Denmark. Consequently, Danish companies stand to benefit from expanding in Denmark rather than abroad, entailing that economic growth and jobs may be retained in Denmark.Further information
The media: Anette Eberhard, CEO, through Ole Lindhardt, Communications Consultant, telephone +45 20 18 39 52.
Companies and organisations: Kim Richter, Senior Director of SME and Cleantech, telephone +45 35 46 26 87.
Financial highlights for EKF in 2012
> EKF issued new export credit and working capital guarantees worth DKK 16.4 billion
> EKF’s total exposure reached DKK 77 billion
> Net profit for the year of DKK 473 million was satisfactory
> Customer growth of almost 20 per cent to 461 customers
See the full Annual Report 2012
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