Finnvera plc / Finnvera Oyj

P.O. Box 1010 (Porkkalankatu 1)
00101 Helsinki
Finland

+358 29 460 11
puhelinpalvelu@finnvera.fi
www.finnvera.fi

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.

Do you (your members) use..?
De minimis or GBER or Regional guidelines or Notification
De minimis
Do you (your members) dispose of an internal rating/scoring system?Yes
Is the activity subject to state aid regulation?Yes
Other SME support instruments offered by your organisation/your members
Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services
Finnvera also grants direct loans for the same purposes as guarantees.
Types of guarantee products provided by your organisation/your membersLoan default guarantees, Working capital loan guarantees, Project guarantees, Export guarantees. About three years ago Finnvera started offering a new financing product called Start Guarantee.
Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)?Yes
Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)?No
Are you/your members financial intermediary for EU-programmes?
CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020
No
Do you benefit from a counter-guarantee at local, regional or national level?
Local level or Regional level or National level
National Level - The State compensates Finnvera for half of the realised credit losses.
Shareholder structure
Private / Public (in %)
100% public
Legal form
of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
Limited company
Ownership
i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models
Fully public
Product typology
guarantee or counter-guarantee or co-guarantee
Guarantee
Type of scheme
guarantee or counter-guarantee
Guarantee, Also Export Credit Guarantees
Structure / Network
i.e. central scheme with regional offices, central scheme only, association network
Headquarter with 15 regional offices
Supervision statute
i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members
Specialized Financing Company
Profit / Non-profit oriented
dividends to public shareholders are not considered as profit orientation
Non-profit oriented
Size of businesses supported
i.e. large companies, SMEs, micro-enterprises, independent/self-employed
Mainly SMEs
Sectorial focus
i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc.
Almost every sector (with the exception of farming, forestry and building developer's business).
Geographic coverage
i.e. local, regional, national
National
Year of creation
individual entities or association
1999