In March, SEB alone received 120 billion in loan applications from Swedish companies

SEB is now handling loan applications to the amount of SEK 120 billion which was received in March. This is a huge difference from what it usually looks like, according to the bank's CEO Johan Torgeby.

- In a normal year we make 50 billion in the full year, he says.

One explanation for the sharp increase may be that companies are now preparing for a worsening financial situation and are thus trying to find insurance to weather the crisis, according to Torgeby.

- The companies that have the opportunity to build up in the barns are trying to do so, says Johan Torgeby.

This is in conjunction with the National Institute of Economic Research's forecast that Sweden is moving into what is described as a particularly deep recession, by Ylva Hedén Westerdahl, head of analysis at KI.