About EKF

Guarantees secure jobs: EKF interim accounts 2013

EKF issued new guarantees worth DKK 9.5 billion during the first half year of 2013 which brought EKF's total exposure to the level of DKK 74.7 billion.
​The number of new customers was particularly high among small and medium-sized enterprises. The largest guarantee during the first half year (worth approximately DKK 2.5 billion) went to the German producer of the offshore wind farm Butendiek who made use of wind turbines from Siemens Wind Power.

”EKF can help Danish export companies, both large and small.  A record high number of companies have chosen to make use of EKF during the first half of 2013. This makes us both proud and happy. A high level of activity at EKF is equivalent to orders and jobs among Danish exporters,” says Anette Eberhard, CEO at EKF.

The result for the first half year showed a profit of DKK 324 million which was slightly higher than expected. During the first half year of 2013, EKF paid indemnification worth a total of DKK 40 million covering three guarantees and six working capital guarantees. This is a small increase compared to the previous year. However, the level is still low seen in relation to the overall business volume.

Working capital guarantees: a success in continual growth
In connection with the interim accounts EKF took stock of the working capital guarantees; a solution which has become popular among especially small and medium-sized enterprises within the past few years.

By 30 June the actual working capital guarantee volume in EKF amounted to DKK 1.5 billion, which is the highest level so far. EKF has issued working capital guarantees worth a total amount of DKK 2.2 billion since the scheme was launched in 2009.
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