Business risks

Finland

Outstanding commitments in domestic financing rose by 18 per cent in 2009 and totalled nearly EUR 3.1 billion at year’s end. The counter-cyclical financing launched in March slightly increased risk-taking and the number of new clients. Most outstanding commitments fall into risk categories B1 and B2; the commitments for clients in risk category B2, in particular, increased sharply.

During 2009, the risk level of outstanding commitments rose more than in the previous year because the economic slowdown weakened the financial standing of client enterprises. Credit losses continued to grow when compared against 2008.

Abroad

Outstanding commitments in export financing stood at EUR 9.6 billion at the end of 2009. Of this sum, EUR 49.3 million consisted of ‘old liability’ at the State Guarantee Fund’s responsibility. Outstanding commitments increased by EUR 1.9 billion during the year. At year’s end, a significant portion of the cur-rent guarantees and binding offers were in the country risk categories 0, 3 and 4. This is also where most of the increase was recorded.

Annual Review 2009
Financial Review 2009

Country risk classification and map