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 2009 the financing granted totalled nearly EUR 1.2 billion, which was 16 per cent more than in 2008. The increase came mainly from Counter-cyclical Loans and Guarantees, which were granted for EUR 187.9 million. Similarly, the volume of products for microfinancing increased substantially.

Exports

In 2009, the numbers of guarantee applications, new guarantee offers and guarantees that came into effect were the second highest within the past decade. In 2009 the number of guarantee applications nearly quadrupled.The total value of export credit guarantee offers given was EUR 4,449.7 million (6,300.8 million), of which guarantee offers pertaining to foreign risk-taking came to EUR 4,128.0 million (4,248.4 million).

Links:

Annual Review 2009
Financial Review 2009