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Last Trade
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Last Trade:
$22.63
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Change:
0.10 (0.44%)
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Trade Time:
Nov 18
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Market Cap:
$4.77M
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Description of Business
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Aktiebolaget Svensk Exportkredit (publ) (Swedish Export Credit Corporation) is a
"public limited liability company" under the Swedish Companies Act. It is wholly
owned by the Swedish State through the Ministry of Enterprise and Innovation
("Sweden", the "Swedish State" or the "State").
The Parent Company was founded in 1962 in order to strengthen the
competitiveness of the Swedish export industry by meeting a need for long-term
financing for both exporters and their foreign customers. SEK's objective is to
engage in financing activities in accordance with the Swedish Banking and
Financing Business Act and, in connection therewith, to promote the development
of Swedish commerce and industry as well as otherwise engaging in Swedish and
international financing activities on commercial terms. The duration of the
Parent Company is indefinite.
SEK's mission has evolved since it began its operations in 1962.
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