Specialised financing company FINNVERA has two roles in the Finnish economy: it is the official Finnish export credit guarantee agency (ECA) offering a full range of export credit guarantee products to promote exports and internationalisation of enterprises, and a domestic risk financier promoting the activities of small and mediumsized companies. FINNVERA’s subsidiary FEC offers interest rate equalisation at CIRR rates, and can fund export credits arranged by commercial banks. All services are available through Finnvera.

✓ Export credit insurance:
• Cover for credit and pre-credit risks against commercial and political risks
• Short-term credit insurance
• Medium and long term insurance for supplier and buyer credit transactions including project finance
✓ Investment insurance: Cover provided against political risks
✓ Bonds and guarantees: Counter security for banks on behalf of exporter (fair calling of the bond) and risk insurance for exporter (unfair calling of the bond or calling of the bond due to political reasons)
✓ Financing of export credits and interest equalisation services via Finnish Export Credit Ltd (FEC)

Founded: 1963 (predecessor)
Ownership: 100% state-owned