A concessional credit is an export credit for mainly Finnish made deliveries, which is supported by an interest subsidy. The aim of concessional credits is to support the economic and social development of developing countries with the assistance of the know-how and technology offered by businesses. The interest subsidy is paid out of Finland's development cooperation budget.
Finland’s new Development Policy Programme 2012 outlines the development of new forms of cooperation to replace the use of concessional credits. During the transitional period, the Ministry for Foreign Affairs will not process new project applications. Link to Ministry for Foreign Affairs website:
http://formin.finland.fi/public/default.aspx?nodeid=31481&contentlan=2&culture=en-US
Contacts:
Ministry for Foreign Affairs/Department for Development Cooperation
P.O.BOX 152, 00023 Valtioneuvosto
Postal address: Katajanokanlaituri 3
Oskar Kass: +358 9 16005
Liisa Piha: +358 9 16005
www.formin.fi
e-mail: firstname.lastname@formin.fi
Ministry for Foreign Affairs in Finland (www.formin.finland.fi)
Finnvera plc
Outi Homanen: + 358 29 460 2722
Mika Relander: tel 358 29 460 2725
e-mail: firstname.lastname@finnvera.fi
Finnvera's customers can submit applications for business financing safely and securely by using Finnvera plc's Online Services.
Telephone service is available from Monday to Friday between 8:00 a.m. and 4:15 p.m.
Finnvera provides financing for the start, growth and internationalisation of enterprises and guarantees against risks arising from exports. Finnvera strengthens the operating potential and competitiveness of Finnish enterprises by offering loans, domestic guarantees, venture capital investments, export credit guarantees and other services associated with the financing of exports. The risks included in financing are shared between Finnvera and other providers of financing.
Finnvera is a specialised financing company owned by the State of Finland and it is the official Export Credit Agency (ECA) of Finland.
