KredEx earned a profit of 3 million kroons and paid out 3 guarantees

In 2003 all of the 3 divisions of KredEx fulfilled the annual sales plans. In total KredEx earned a net profit of 3 million kroons in 2003. The guarantee amounts exceeded the plans by 87 million kroons and the revenue was 106% compared to the budget. The profit was ifluenced by raising the technical provisions of the fund. The profit will be used to grow the fund's capital.