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Eksfin breaks new ground with innovative financing package for service purchase

The Norwegian export credit agency, Export Finance Norway (Eksfin),is opening up new territory for state-backed financing with a cutting-edge solution that enables international customers to purchase ongoing services from a Norwegian exporter – a step beyond just capital goods and solutions that have been traditional recipients of its portfolio of loans and Triple A-rated risk guarantees. Read More

©PONANT
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Eksfin nears NOK 10bn in loan financing for green ship projects

Norwegian export credit agency Eksfin (formerly Export Credit Norway and GIEK) is playing a major role in accelerating the ‘green shift’ at sea, providing loan guarantees approaching 1 billion Euro for the construction of 35 eco-friendly vessels over the last four years – including ‘Le Commandant Charcot’, the world’s most exclusive polar exploration cruise ship recently delivered to French cruise line PONANT by Norwegian shipbuilder VARD. Read More

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New state guarantee scheme for package tour operators

From 23 June 2021, banks and insurance companies will be able to apply for state relief from the guarantees that they provide to the Travel Guarantee Fund on behalf of small and medium-sized package tour operators. The new scheme will be managed by GIEK until 1 July, when it will be taken over by the newly established Eksportfinansiering Norge (Eksfin). Read More

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GIEK and Export Credit Norway will merge 1 July | Export Finance Norway (Eksfin) will be an accessible and effective supporter of the business sector

Export Finance Norway (Eksfin) will launch on 1 July following the merger of GIEK and Export Credit Norway. The new agency will assist Norwegian businesses, foreign purchasers and their banks with a broad range of state-backed loans, guarantees and expert advice. All current schemes and commitments will continue under Eksfin, and the Norwegian State will maintain its existing obligations. Read More

Otto Søberg, CEO Eksportkreditt Norge
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Strong desire for change from a hard-pressed business sector

The Covid-19 pandemic made its impact felt on the global economy for most of 2020. Great uncertainty and lower levels of activity as a result of strict infection-control measures globally led to a hugely challenging year for Norwegian export companies. The Norwegian business sector continued to experience great uncertainty in… Read More

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Guidelines for Labour Rights Assessments at Shipyards developed by GIEK

GIEK (The Norwegian Export Credit Guarantee Agency) has had a strong focus on working conditions at shipyards for over a decade, and in many cases have observed labour rights related risks and issues at the yards. Having poor controls of labour rights, as well as poor working conditions at a shipyard should not be a competitive advantage. We have therefore seen a need for a practical guidance on labour rights risks and working conditions in the sector, as well as guidelines for assessing such risks. Read More