Financing of Export Credits


Financing of Export Credits

Under the FEC financing scheme Finnish Export Credit Ltd (FEC) provides financing for long term export and ship credits to ensure the competitiveness of Finnish exporters.

FEC and the financial institution arranging the credit will enter into a co-operation agreement prior to the first financing transaction. Supplemental agreements will be made in connection with every single transaction. By such supplemental agreements the credit will be assigned and transferred to FEC.

The financial institution has an important role in the arrangement of financing an export transaction and thus the financial institution is required to have an investment grade credit rating for its funding and sufficient knowledge and experience in arranging and financing officially supported export credits. FEC has signed co-operation agreements with a number of financial institutions.

Transactions financed by FEC shall meet the criteria of the OECD Arrangement.

FEC financing is always covered by a guarantee issued by Finnvera.

For further information, please contact Finnvera’s personnel in Export Financing.


Main Terms of FEC Financing

The credit is arranged by a financial institution and assigned to FEC upon signing of the credit agreement. The financial institution is responsible for documentation and shall administrate the credit and Finnvera’s guarantee throughout the entire life of the credit.

FEC may finance the OECD term credits in euros, United States dollars or the buyer's country's currency. The interest rate of the credit is either a floating rate (Euribor or USD Libor) or a fixed rate (CIRR).

FEC charges a margin above the base rate chosen by the borrower. FEC charges a handling fee and a commitment fee according to its policies.

How to apply for FEC Financing

FEC financing can be applied for by the exporter or the mandated financial institution for and on behalf of the exporter or the buyer. Application for FEC financing must be filed before the supply contract is signed.

FEC financing is applied for by an application which is sent to applications.eca (at)


Co-operational banks

FEC has signed a co-operation agreement with following financial institutions:


AKA Ausfuhrkredit-Gesellschaft m.b.H

Banco Bilbao Vizcaya Argentaria S.A.

Banco Santander S.A.

Barclays Bank Plc

Bayerische Landesbank

Citibank International Limited

Citibank N.A.

Commerzbank Aktiengesellschaft

Credit Agricole Corporate and Investment Bank Helsinki Branch

Credit Suisse AG

Danske Bank A/S

Deutsche Bank AG London Branch


Fortis (BNP Paribas) SA/NV

HSBC Bank Plc


ING Bank N.V

JPMorgan Chase Bank, N.A.

Jyske Bank A/S

KfW IPEX-Bank GmbH

Mizuho Bank Ltd.


Nordea Bank Finland Plc

Raiffeisen Bank International AG

Skandinaviska Enskilda Banken AB (publ)

Societe Generale

Sparebanken Vest

Standard Chartered Bank

Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation Europe Ltd

Svenska Handelsbanken AB (publ.)

The Bank of Tokyo-Mitsubishi UFJ, Ltd

The Hongkong and Shanghai Banking Corporation Limited

The Royal Bank of Scotland Plc

The Standard Bank of South Africa Limited

UniCredit Bank AG

UniCredit Bank Austria AG


029 460 11 (weekdays 9:00 a.m. and 4:15 p.m.)

Financial advice

029 460 2582 (weekdays 9:00 a.m. and 4:15 p.m.)

Other matters

029 460 2790 (weekdays 9:00 a.m. and 4:15 p.m.)

Helsinki Headquarters

Porkkalankatu 1

PL 1010, 00101 Helsinki

Kuopio Headquarters

Kallanranta 11

PL 1127, 70111 Kuopio

All contact information