Financing

Finnvera provide its clients with loans, guarantees, venture capital investments and export financing services.
Within the Finnvera Group, venture capital investments are carried out by Finnvera's subsidiaries: Veraventure Ltd, Aloitusrahasto Vera Oy and Matkailunkehitys Nordia Oy.

Finnish Export Credit Ltd, another subsidiary of Finnvera, administers the interest equalization system for officially supported export credits and domestic ship financing in accordance with the OECD Arrangement.

Financing for domestic operations of enterprises

In 2010, Finnvera provided EUR 913.7 million in financing for enterprises’ domestic operations; this was 24 per cent less than the year before. In particular, financing was provided for starting small businesses, and the volume of venture capital investments was record high.

Exports

Offers for export credit guarantees totalled EUR 2.4 billion (4.4 billion). Telecommunications accounted for 71 per cent of all guarantee offers given. Among individual countries, the most guarantees were granted for exports to Spain, Saudi Arabia, Turkey and Russia.

Domestic financing	31.12.11	31.12.10	31.12.09	31.12.08	31.12.07
Offered financing, MEUR	866	843	1067	906	801
Exportfinancing	31.12.11	31.12.10	31.12.09	31.12.08	31.12.07
Offered financing, MEUR	3 907	2 450	4 577	6 423	1 912

Links:

Annual Review 2010 (PDF)
Financial Review 2010 (PDF)