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Press releases
18.03.2020
The economic situation was visible in Finnvera’s operations and in the result of domestic financing
The global economic crisis and the subsequent changes on the financial market had a major impact on the demand for Finnvera’s financing in 2009. Credit and guarantee losses increased on the previous year and the financial performance of domestic financin...
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Press releases
18.03.2020
Working capital still in great demand
According to the latest SME Barometer Survey conducted by the Federation of Finnish Enterprises, Finnvera and the Ministry of Employment and the Economy, enterprises’ willingness to develop their operations and to make investments is reviving. However, f...
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Press releases
18.03.2020
Economic crisis increased demand for Finnvera's financing
Preliminary data on operations in 2009Last year, demand for Finnvera’s financing was greater than ever before. Demand for domestic financing peaked during the first months of the year and for export financing towards the end of the year. A factor contrib...
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News
18.03.2020
The minimum credit period in counter-cyclical financing shortened
The minimum credit period in counter-cyclical financing is now three years.The credit period for new loans can be 3–6 years instead of the previous 5–6 years. For loans based on the Employees Pensions Act, the credit period can be 3–10 years. The credit ...
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News
18.03.2020
Finnvera’s guarantees and loans subject to State aid monitoring
As a publicly owned financing company, Finnvera plc must comply with the EU rules on State aid when offering financial services. As of the beginning of 2010, not only loans but also guarantees granted by Finnvera are subject to State aid monitoring.Loans...
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News
18.03.2020
Financing of M/S Allure of the Seas committed
BNP Paribas, Citibank, Nordea and SEB have provided commitments to finance an approximately EUR 800 million post-delivery export credit for the purchase of the vessel Allure of the Seas to Royal Caribbean Cruises Ltd. The facility will be 95% guaranteed ...
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Press releases
18.03.2020
Risto Huopaniemi appointed Senior Vice President at Finnvera
Today, Finnvera’s Board of Directors appointed Risto Huopaniemi, LL.M., to the post of Senior Vice President, Administration. He will also be a member of Finnvera’s Management Group. Huopaniemi, 34, has worked in various posts at Finnvera since 1999, mos...
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News
18.03.2020
Amendments to the terms of Finnvera’s counter-cyclical financing
Finnvera will be able to grant Counter-cyclical Loans and Guarantees to companies that have at most 2,000 employees. The maximum sum of counter-cyclical financing that can be granted to a single enterprise will be EUR 20 million. With the permission of t...
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Press releases
18.03.2020
Finnvera on the Norwegian market
Today, on 21 October 2009, Finnvera plc has issued a fixed-rate bond of 900 million Norwegian crowns (equalling about 100.8 million euros) that will mature in 2014. The bond has been converted to euros by means of an interest rate and currency swap agree...
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News
18.03.2020
Finnvera’s risk-taking in Russia
Finnvera has continued to grant guarantees for exports to Russia during the global economic crisis.Finnvera’s risk-taking is active in Russia. Finnvera’s outstanding commitments for export credit guarantees for Russia total EUR 1,033 million, of which of...
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