Team Finland / Myanmarin avautuvat kasvumarkkinat -seminaari / huhti-toukokuu 2016

1. Finnvera
1
Financing solutions for the growth and
internationalisation of Finnish enterprises
Liisa Tolvanen, spring 2016

2. Finnvera in Brief
Finnvera is a specialised financing
company, owned by the State of Finland
the Ministry of Employment and the
Economy – responsibility for the
ownership and industrial policy steering
Finnvera provides financial services
for various stages in the enterprise’s life-
cycle (loans, domestic guarantees and
export credit guarantees)
Finnvera finances profitable business
and premium is always charged for the
financing and guarantees
Finnvera does not compete with banks;
it shares the risks arising from
enterprise financing with banks and
supplements the financial market
10.5.20162

3. SMEs
€2,7
billion
Large Corporates
€17,0
billion
COMMITMENTS
FINNVERA GROUP:
BALANCE SHEET
3
CLIENTS PERSONNEL
28 450 380
€8,4
billion
Export credit guarantees
and special guarantees
offered 1.1.–31.12.2015
€6 550 million
SME Financing offered
1.1.–31.12.2015
€1 116 million
Key figures 31.12.2015

4. Finnvera – Export credit guarantees
Finnvera and Finnish Export Credit:
official Export Credit Agencies (ECA)
Comply with the OECD Arrangement
on Export Credits
Requirement for a Finnish interest
Cooperate with commercial banks
and export enterprises
Creditworthiness of the buyer/
bank/borrower and the country in
question
Attention is paid to the environment &
society, good governance, corporate
responsibility, and anti-bribery
measures.
Benefits of export credit guarantees:
– Covers credit risks (exporters and banks)
– Payments on cash terms (loans)
– Availability of mt/lt-financing (buyers)
4

5. Finnvera promoting exports to Myanmar
Availability of export credit guarantees:
Risk period up to 2 years:
ILC (irrevocable letter of credit) is a
preferred payment instrument
Risk period more than 2 years: all
transactions are considered case by
case basis. Mitigating factors e.g. risk
sharing with IFIs and other ECAs,
foreign currency revenues.
Concessional credits (MFA)
– Min. concessionality level 50% (LDC)
– Public sector buyers
– Commercially non-viable projects
Finnish SMEs: working capital,
advance payment and performance
bonds
10.5.20165

6. Thank you.
Liisa Tolvanen
liisa.tolvanen@finnvera.fi
Tel. 029 460 2728
www.finnvera.fi
Customer service tel.029 460 2580
[pvm]