On this page you can find for example reports and assessments regarding Finnvera's operations.
Reports on Finnvera's operations
The list below shows reports and assessments made by external organisations or Finnvera itself regarding Finnvera's operations. Some of the reports are in Finnish.
Pauli Heikkilä and Mauri Kotamäki: Searching for the Holy Grail: market failures, impact and Finnvera
Finnvera's purpose is to complement market shortfalls, but also to ensure that at that same time the market is not distorted elsewhere. In this article, we discuss the grounds for Finnvera's existence from the perspectives of credit constraints, market distortions, stabilisation policy, level playing field and impact. The article by Finnvera CEO Pauli Heikkilä and Chief economist Mauri Kotamäki was originally published in June 2023 in Finnish in the Finnish Economic Association's publication Kansantaloudellinen aikakauskirja (KAK) 2/2023 (Journal of national economy).
Report on competitiveness of Finnvera's export credit services
The report commissioned by Finnvera examines the competitiveness of Finland's and Finnvera's export credit services in relation to a group of peer countries/export credit agencies and makes recommendations. The comparison was carried out by the external consultant actoRx Advisers under the leadership of professors Andreas Klasen and Jan Vassard, and the report was published in May 2023.
Report on direct lending for small-size export transactions
Finnish exporters lack the tools for financing small export transactions that foreign competitors have at their disposal. At present, Finnish export companies are clearly in a weaker position than their foreign competitors, as the supply of banks to finance small export transactions is insufficient. This can be seen in a study commissioned by Finnvera, which interviewed, among others, 15 domestic and international banks and 40 export companies. On the basis of the study, Finnvera will prepare for the direct small buyer credits in order to accelerate small export transactions.
The research report on the impact of Finnvera’s export financing sets forth to find answers to questions how does Finnvera generate impact, and on what what is Finnvera’s impact. The companies interviewed in the study were major clients of Finnvera (Andritz, Outotec, Valmet, Wärtsilä, Meyer Turku, and Nokia) and a group of SMEs. Most firms like to view Finnvera as an essential and strategic partner in their endeavor for international competitiveness and growth.
The impacts of the largest export guaranteed operations
This study focuses on the impacts of the largest export guaranteed operations on employment and value added including effects through companies’ value chains. The results suggest that the activities of Meyer and Nokia related to export guarantees create value added accounting for 0.29% (Meyer) and 0.27% (Nokia) of the Finnish GDP. Corresponding employment effects are 0.32 % (Meyer) and 0.12 % (Nokia) of the Finnish total employment. The study is part of the Publications of the Government’s analysis and was published in Finnish, executive summary in English.
Assessment of the operation, impact and risks of the officially supported export financing system
The assignment commissioned by the Ministry of Economic Affairs and Employment.The overall goal of the assessment is to look at selected ways to improve Finland’s export financing system in order to increase impact and to manage related risks. The assesment was made by an independent international group of researchers with a strong experience on export financing.