In this section is information for the media.
For personal service, please contact Finnvera's Corporate Communications.
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.
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.
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
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