Finnvera Explained

Finnish: Finnvera Oyj
Type:	Government-owned corporation
Foundation:	1999
Location City:	Kuopio
Location Country:	Finland
Num Employees:	370^[1]
Key People:	Pauli Heikkilä, CEO

Finnvera is a Finnish state-owned financing company. It is the official export credit agency for Finland.^[2] Finnvera provides loans, credits and guarantees. In 2013, Finnvera financed around 3500 start-up enterprises.^[3] The company is responsible to the Finnish Ministry of Employment and the Economy.

History

Finnvera was founded in 1999 through a merger of Kera Plc and the Finnish Guarantee Board.

The European Commission has given Finnvera the right to support Finnish exports.^[4]

During the first half of 2011, Finnvera provided over two billion euros in export and guarantees.^[5]

In September 2014, Finnvera issued a 500 million euro bond under their Euro Medium Term Note programme.^[6]

See also

• Business Finland
• SITRA

Notes and References

1. Web site: Finnvera plc: Private Company Information - Bloomberg. https://archive.today/20141220044037/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=99368. dead. December 20, 2014. investing.businessweek.com.
2. Web site: Archived copy . 2014-12-20 . 2015-02-19 . https://web.archive.org/web/20150219213541/http://www.finnvera.fi/eng/Finnvera . dead .
3. Web site: Role and impact of operations - Annual Report 2013. annualreport2013.finnvera.fi.
4. Web site: Finance minister promises more export supports in '13. 16 September 2012 .
5. Web site: Finnvera: Revival of exports likely slow. 17 August 2012 .
6. Web site: DGAP-Regulatory: Finnvera issued a USD 500 million bond - London Stock Exchange .