Finnvera | Export Credit Agency (ECA) in Finland
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.
A summary of Finnvera
Summary video of Finnvera and how it operates in Finland. 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 – Benefits of using an ECA in Finland
- Credit risk insurance in export trade
- Financing for the buyers
- Advance payments and perfomance bonds
Finnvera products include
Finnvera was founded in 1999 through a merger of Kera Plc and the Finnish Guarantee Board.
The European Commission has given Finnvera the right to support Finnish exports.
During the first half of 2011, Finnvera provided over two billion euros in export and guarantees.
In September 2014, Finnvera issued a 500 million euro bond under their Euro Medium Term Note programme.
Popular Export Products
Raw Materials – From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio
Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished
Key Stats
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Description:
Finnvera specializes in 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.
CEO Information:
Founded:
1999
Employees:
370
Government:
Government of Finland
Company Number:
Registration number here
Address:
Porkkalankatu 1
PL 1010, 00101 Helsinki
Website:
English Website for [Finnvera]
Finnish Website for [Finnvera]
Last Annual Report:
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