Finnvera's year 2025

Welcome to Finnvera Group’s Annual Report 2025. On this page you will find a summary of the year’s highlights, key figures and our PDF reports.
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CEO’s review

With our financing, we enabled an exceptionally large number of Finnish export transactions around the world. Investments by SMEs and midcap companies financed by Finnvera were also at an exceptionally high level, says CEO Juuso Heinilä.  

Finnvera’s profitability was strong in 2025. Solid profitability strengthens our ability to enable Finnish export trade, take on more risk when needed so that companies can enter new markets as well as complement the domestic financing market. 

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PDF publications

Finnvera Group's Report of the Board of Directors and Financial Statements 2025 (PDF)

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Finnvera's Business operations and Sustainability 2025 (PDF)

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Statement on the Corporate Governance and Steering System and Remuneration 2025 (PDF)

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Exposure by sector: Loans and guarantees

Finnvera's exposure for domestic loans and guarantees decreased and was EUR 2.1 billion (2.9). Of the exposure, the share of industry was 44%. The share of services to businesses was more than one quarter, and the share of trade and consumer services 18%. The share of tourism was 10%. 

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Exposure by sector: Export credit guarantees, export guarantees and special guarantees

Exposure for export credit guarantees, export guarantees and special guarantees was EUR 23.1 billion (21.1). The total share of the largest sectors, cruise shipping, pulp and paper and telecommunications, accounted for 79% of the exposure. Of the total exposure, the share of cruise shipping is more than one half. Of the exposure, 37% were related to export companies’ future deliveries.  

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Export credit guarantee, export guarantee and special guarantee exposure by risk category

Of the export credit guarantee and special guarantee exposure, altogether 39% (32) were in risk categories BBB- or in better risk categories. The strengthening of the operating environment, which has recovered from the coronavirus pandemic, and clients' improved financial position continue to affect this improvement of the credit risk. Finnvera covers some of its liabilities through both reinsurance and bilateral agreements.  

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Key figures

Financing granted

LOANS AND GUARANTEES GRANTED
 

1.0 bn EUR
(0.9)

 

EXPORT CREDIT GUARANTEES, EXPORT GUARANTEES AND SPECIAL GUARANTEES GRANTED
 

7.0 bn EUR
(2.9)

EXPORT CREDITS (EUR 3.1 bn OF WHICH FELL THROUGH DURING THE YEAR)
 

5.6 bn EUR
(0.6)

Clients in 2025

NUMBER OF CLIENTS AT YEAR END
 

19,300
(21,100)

 

THE SHARE OF GUARANTEES OF THE DOMESTIC FINANCING

 

81%
 

CLIENTS WILLINGNESS TO RECOMMEND FINNVERA (NPS)
 

78 points
(78)

Finnvera Group

RESULT
 

16 MEUR
(228)

 

RESULT BEFORE THE RETURN OF FUND PAYMENT COMMITMENT
 

365 MEUR
(228)

BALANCE SHEET TOTAL
 

 

15.5 bn EUR
(14.8)

This is how Finnvera creates value

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Take a look at Finnvera’s Sustainability report

At Finnvera, sustainability has been integrated comprehensively into the company’s strategy and operations. Sustainability aspects are addressed in decision-making at all levels, and they guide the operations towards a sustainable future. Sustainability measuring and reporting was remarkably developed in 2025 towards CSRD reporting. Take a look at the report. 

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Financed export emissions by sector

Of Finnvera’s carbon footprint, the share of financed emissions was up to 99.96%. The amount of financed export emissions totalled to 2.9 Mt CO2e (4,1). The biggest sectors were cruise shipping, pulp and paper, mining and metals and energy.  The calculation is based on 2024 data.  

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Financed domestic emissions by sector

The financed domestic emissions totalled to approximately 0.8 Mt CO2e (1.0). Of the emissions, 72% came from industry. From services to business came 14% and from trade and consumer services 7% of the emissions. The share of tourism was 5%. The calculation is based on 2024 data.  

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The volume of export financing extremely high - domestic financing also increased

The amount of Finnvera’s export financing granted was record high, and the level of domestic financing also increased from the previous year. The increase in export financing reflects large financing volumes for cruise shipping. In domestic financing, investments and companies' transfers of ownership picked up. Finnvera’s vital mission is using its financing as a driver of growth in the Finnish economy while uncertainty appears to persist in the world economy. 

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Result EUR 16 million after the return of State Guarantee Fund payment

The Finnvera Group’s result was EUR 16 million (228) after the EUR 349 million fund commitment repayment. The early repayment of the full commitment was made possible by the strong business profit of EUR 365 million in the period under review. The repayment concerned a fund payment commitment that Finnvera received from the State Guarantee Fund in 2020 to cover the separate result of loss-making export credit guarantee and special guarantee operations, which ensured the stability and competitiveness of export financing. 

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