Finnvera’s year 2023

Welcome to Finnvera Group’s annual report 2023. On this page you will find a summary of the year’s highlights, key figures and our PDF reports.

CEO’s review

Year 2023 was surprisingly busy regarding both domestic and export financing, despite the downturn that hit the Finnish economy towards the end of the year. In line with our strategy, we brought to companies new financing products that improve access to financing for SMEs, in particular. Our client satisfaction was high. Finnvera had a financially strong year in 2023, and our result was exceptionally good, EUR 433 million (55). Year 2024 will bring new undertakings, including legislative reforms and corporate responsibility targets.

PDF publications

Download the reports describing Finnvera's year 2023 as PDF files.

Finnvera Group’s Report of the Board of Directors and Financial Statements 2023 (PDF)

Finnvera’s Annual Review and Sustainability Report 2023 (PDF)

Statement on the Corporate Governance and Steering System 2023 (PDF)

Key figures

Domestic financing

Domestic financing granted

EUR 1.9 bn


Number of clients at year end


Export financing

Export credit guarantees and special guarantees granted

EUR 5.4 bn


Export credits granted

EUR 0.5 bn


Finnvera Group

Result for the period

433 MEUR


Finnvera Group’s balance sheet

EUR 14.3 bn


This is how Finnvera creates value

Impact is the spearhead of Finnvera’s strategy, and with the help of our financing, our customers can increase their turnover and profits. Our vision is: Our clients' success strengthens the Finnish economy.



Finnvera integrates climate change mitigation into its operations

In 2023, Finnvera defined its climate target and sector­specific criteria for export projects for identifying climate aspects, and developed financing incentives for climate ­positive export projects and investments. In domestic financing, Climate and Environmental Loans and Digital and Innovation Loans were introduced to accelerate the twin transition. Along with more detailed calculation of emissions from Finnvera’s outstanding commitments, the company is also preparing to develop its own long­-term emission pathways.

Loss provisions could be partially reversed, Group result EUR 433 million

Some of the loss provisions made during the first pandemic year associated with cruise shipping companies could be partially reversed. Exposure related to Russia also decreased as a result of repayments. Due to the reversal of loss provisions for export financing the result was exceptionally good.

High level of domestic and export financing

While Finnvera granted more domestic financing in 2023 than the previous year. Domestic financing included more financing for large corporates than previously. The numbers of payment difficulties and bankruptcies increased slightly during the year. The amount of export financing granted almost equals the previous year's amount.


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