Banking and finance
Our AAA-rated guarantees give local and international banks a competitive advantage when financing Norwegian export transactions.
What we offer
Risk coverage
We can cover most of the risk for loans granted in connection with Norwegian export transactions or the construction of vessels or offshore installations at Norwegian yards.
Security
We guarantee the bank will receive payment. We issue guarantees in connection with loans to foreign buyers and a variety of other export-linked guarantees.
Lending capacity
A state guarantee from Eksfin, with its AAA/Aaa rating, can reduce capital adequacy requirements and increase lending capacity. With increased lending capacity the bank is able to serve more companies.
Better service to the customer
A lower risk premium allows the bank to offer better financing, so the customers can realise their international ambition
Country risk
We conduct ethics and sustainability assessments.
A partnership between Eksfin and a bank is an advantage for the bank’s customers that wish to export or purchase from Norway. In addition to financial guarantees we can offer advise from skilled analysts, lawyers, financial advisers and social responsibility experts.
Our guarantees expand banks’ lending capacity and reduce capital requirements, facilitating loans or credits.
Contact us
Head of Large Corp
Head of Maritime/Yards
Head of Seafood
Senior Adviser
Our Terms
We participate on the same terms as the banks (pari passu on security and financial covenants, etc.).
- We can participate in both secured and unsecured credit facilities.
- We follow OECD guidelines on maximum terms, minimum premium rates and repayment schedules, depending on the type of project.
Cost
Eksfin charges a fee upon issuing a guarantee. If a bank is participating, the premium will reflect the bank’s price. For long-term buyer credit guarantees we must also take into account the OECD minimum premium rates. When Eksfin’s risk point is in countries assigned to OECD categories 1–7, the minimum premium rates are administratively fixed (try our premium calculator), while for high-income countries (OECD category 0) they are are to be based on actual market observations.
In high-income countries, when Eksfin participates on the same credit terms as banks in syndicates where there is a first priority mortgage and where the banks assume at least 25% of the risk, the OECD minimum premium is a direct function of the bank margins. If a bank’s margin is fixed for a short term, Eksfin must follow the bank’s rate upward in the event of repricing. We are prevented, however, from repricing a guarantee downward during its term.
The minimum premium rate in OECD category 1–7 countries is determined by the repayment period and is also influenced by such factors as:
- Country risk: Political, security, legal and macroeconomic factors that may prevent or complicate loan repayment are included here.
- Buyer creditworthiness: Eksfin assesses the customer’s creditworthiness, i.e. the estimated probability of a customer defaulting on its obligations. In the premium calculator, buyer creditworthiness appears on a standard rating scale from AAA to B-.
Eksfin also receives a share of upfront fees and commitment fees.
Calculate a cost estimate for buyer credit and supplier credit guarantees.
Relevant guarantees for banks
Construction loan guarantee
A construction loan guarantee ensures repayment of loans that banks issue to Norwegian shipyards for constructing and/or converting new ships. Eksfin can also offer an advance payment guarantee, which ensures that shipowners are refunded any advance payment if the shipyard does not deliver as agreed.
Investment financing
Investment financing enables your company to invest in export-related activities in Norway. If you are investing in non-current assets, Eksfin can assist with loans and/or risk mitigation. This also applies to climate-friendly investments with export potential.
Buyer credit
Eksfin can offer long-term loans to buyers of Norwegian goods and services. We offer favourable terms and long maturities.
Production loan guarantee
Eksfin offers production loan guarantees to banks to assure liquidity for production costs for export-related contracts.