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Media

In this section is information for the media.

For personal service, please contact Finnvera's Corporate Communications.

Finnvera in Brief

Finnvera provides financing for the start, growth and internationalisation of enterprises and guarantees against risks arising from exports. Finnvera strengthens the operating potential and competitiveness of Finnish enterprises by offering loans, domestic guarantees, export credit guarantees and other services associated with the financing of exports. The risks included in financing are shared between Finnvera and other providers of financing.

Finnvera is a specialised financing company owned by the State of Finland and it is the official Export Credit Agency (ECA) of Finland.

Finnvera gives guarantees against political or commercial risks associated with the financing of exports. Political risks are risks that arise from the economic or political situation in a country where a Finnish export company has customers. Commercial risks pertain either to the buyer or to the buyer's bank.

Finnvera's operations are steered by the industrial and ownership policy goals laid down by the State. Among these goals are: increasing the number of starting enterprises; enabling financing for changes encountered by SMEs; and promotion of enterprise growth, internationalisation and exports. In its operations, Finnvera is expected to adhere to the principle of economic self-sustainability.

Key figures

Status
31.12.2016
Customers
27 700
Employees
376

Outstanding commitments

SME Financing
2,6
Export financing
18,1

The funds needed for granting export credits and credits to SMEs are obtained from the financial market. By virtue of the Act governing Finnvera's operations, Finnvera can obtain State guarantees for its funding. Finnvera has a EUR 6bn EMTN programme guaranteed by the state of Finland. The programme has following ratings.

  • Moody’s: Aa1
  • Standard & Poor’s: AA+

On 31 December 2016, the principal amount of outstanding bonds issued under the EMTN programme was:

  • EUR 3.250.000.000
  • USD 1.300.000.000
  • SEK 3.500.000.000

The amount of other outstanding long-term debt at the end of December 2016 was 213,5 million euros and the amount of subordinated loans from the State 70,0 million euros.

The State of Finland covers some of Finnvera's credit and guarantee losses. This enables Finnvera to take more risk in its lending operations than commercial banks would generally accept.

 

Annual Reports and Interim Reports

2016

Annual Report 2016

Financial Statements 2016 (PDF)

Statement on the Corporate Governance and Steering System 2016 (PDF)

Half Year Report 1 Jan - 30 June 2016 (PDF)

2015

Annual Report 2015

Financial Statements 2015 (PDF)

Statement on the Corporate Governance and Steering System 2015 (PDF)

Interim Report for 1 January-30 September 2015 (PDF)

Interim Report for 1 January-30 June 2015 (PDF)

Interim Report for 1 January-31 March 2015 (PDF)

2014

Annual Report 2014

Financial Statements 2014 (PDF)

Statement on the Corporate Governance and Steering System 2014 (PDF)

Interim Report for 1 January-30 September 2014 (PDF)

Interim Report for 1 January-30 June 2014 (PDF)

Interim Report for 1 January-31 March 2014 (PDF)

2013

Annual Review 2013

Financial Statements 2013 (PDF)

Statement on the Corporate Governance and Steering System (PDF)

Interim Report for 1 January-30 September 2013 (PDF)

Interim Report for 1 January-30 June 2013 (PDF)

Interim Report for 1 January-31 March 2013 (PDF)

2012

Annual Report 2012

Interim Report for 1 January-30 September 2012 (PDF)

Interim Report for 1 January-30 June 2012 (PDF)

Interim Report for 1 January-31 March 2012 (PDF)

2011

Annual Report 2011

Interim Report for 1 January-30 September 2011

Interim Report for 1 January-30 June 2011

Interim Report for 1 January-31 March 2011

2010

Annual Review 2010

Financial Review 2010

Interim Report for 1 January-30 September 2010

Interim Report for 1 January-30 June 2010

Interim Report for 1 January-31 March 2010

2009

Annual Review 2009

Financial Review 2009

Interim Report 1 January - 30 June 2009

2008

Annual Review 2008

Financial Review 2008

Interim Report 1 January - 30 June 2008

Financial Statements 1 January - 30 June 2008

2007

Annual Review 2007 (PDF)

Financial Review 2007 (PDF)

Interim Report 1 January - 30 June 2007 (PDF)

Financial Statements 1 Jan - 30 June 2007 (PDF)

Finnvera plc's transition to International Finance Reporting Standards; IFRS (PDF)

2006

Report on Operations (PDF)

Financial Statements (PDF)

Interim Report 1-6/2006 (PDF)

2005

Annual Report (PDF)

Financial Statements (PDF)

Interim Report 1-6/2005 (PDF)

2004

Annual Report (PDF)

Financial Statements (PDF)

2003

Annual Report (PDF)

2002

Annual Report (PDF, in finnish)

2001

Annual Report (PDF, in finnish)

Release dates

As from the beginning of 2016, Finnvera will publish its interim reports semi-annually.

Financial Statements 1.1.–31.12.2016
To be published: 28 February 2017

Annual Report 2016
To be published: March 2016

Corporate Communications

Communications Director Tarja Svartström, +358 40 826 2006
Communications Officer Jonna Myllykangas, +358 40 822 6170
Web Editor-in-Chief Ilari Takamäki, +358 40 502 4531

Email: firstname.lastname@finnvera.fi

Switchboard

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