Finnvera's year 2019
Finnvera – at the core of financing
How Finnvera creates value
Finnvera improves and diversifies financing opportunities available for Finnish enterprises by offering loans, guarantees and export credit financing. As a State-owned company, Finnvera supplements the financial markets and with its operations, promotes the development of enterprises and exports.
Our vision is:
OUR CLIENTS’ SUCCESS STRENGTHENS THE FINNISH ECONOMY.
The exposure defined in the Act of the State’s Export Credit Guarantees includes current total exposure and half of offers given at the closing date’s exhange rate. The exposure according to the Act on the State’s Export Credit Guarantees was EUR 20.8 billion at the end of 2019. The total exposure arising from export credit guarantees and special guarantees includes current commitments and offers given at the reporting date’s exchange rate.
Of the SME and midcap financing as a whole 86% was targeted at start-ups, companies seeking growth, internationalisation or change and transfers of ownership.
Financing for SMEs and midcap enterprises
EUR 3.7 bn
Finnvera’s drawn cruise shipping exposure amounts to EUR 3.7 billion.
Export credit guarantees and special guarantees granted
EUR 5.2 bn
At the end of 2019, our clients numbered 24,500. 88% of these customers were micro-enterprises, 11% other SMEs and midcap enterprises and 1% large corporates.
Finnvera Group's balance sheet totalled
EUR 12.7 bn