Financing of Export Credits


Financing of Export Credits and Ship Credits

Finnish Export Credit Ltd (FEC) provides financing on OECD terms for long term export and ship credits. Finnvera’s Buyer Credit Guarantee or Ship Guarantee is always a prerequisite for the credit.

Further information:

Main Terms of FEC Financing

FEC may finance the OECD term credits in euros or United States dollars. The interest rate of the credit is either a floating rate (Euribor or USD Libor) or a fixed rate (CIRR determined by OECD).

The bank arranging the credit, other banks participating the financing arrangement and the borrower sign a credit agreement that the bank transfers to FEC for financing. The bank arranging the credit is responsible for documentation and shall administrate the credit and Finnvera’s guarantee throughout the entire life of the credit.

FEC charges the borrower a case-specific margin above the base rate, a commitment fee and a handling fee for renewing the offer.

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