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.
| Year of creation individual entities or association | 1999 |
| Are you/your members financial intermediary for EU-programmes? CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020 | No |
| Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)? | No |
| Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)? | Yes |
| Do you (your members) dispose of an internal rating/scoring system? | Yes |
| Do you (your members) use..? De minimis or GBER or Regional guidelines or Notification | De minimis |
| 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 members | Loan 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 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. |
| Type of scheme guarantee or counter-guarantee | Guarantee, Also Export Credit Guarantees |
| Profit / Non-profit oriented dividends to public shareholders are not considered as profit orientation | Non-profit oriented |
| Supervision statute i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members | Specialized Financing Company |
| 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 |
| Structure / Network i.e. central scheme with regional offices, central scheme only, association network | Headquarter with 15 regional offices |
| 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 |
| Shareholder structure Private / Public (in %) | 100% public |
| 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 |
