Changes in Finnish Export Credit Ltd
The Finnish Parliament is currently discussing the Government’s proposal for a new permanent export credit transfer model. In this new model, Finnvera’s subsidiary, Finnish Export Credit Ltd, will finance export credits arranged by commercial banks while the parent company, Finnvera, is responsible for acquiring funding in money and capital markets for these export credits and for managing liquidity.
In conjunction with the launching of this new service and in order to ensure sufficient resources, the functions for export financing, funding and liquidity management within Finnish Export Credit and Finnvera will be concentrated in Finnvera. As of the beginning of 2012, the personnel of Finnish Export Credit Ltd will be employees of Finnvera.
These changes also mean that Managing Director Jyrki Wirtavuori of Finnish Export Credit Ltd is leaving the Group. He is succeeded by Anita Muona, Head of Leagal Services of Finnvera’s Export Financing, whose appointment as the Managing Director of Finnish Export Credit Ltd becomes effective today.
Topi Vesteri, Executive Vice President, Finnvera plc and Chairman of the Board of Finnish Export Credit Ltd, tel. +358 20 460 7238