Renewable-energy solutions provider Scatec ASA secures NOK 1.2 billion (USD 102 million) in financial risk reduction for combined solar power/battery plant project in the Northern Cape from state-backed export credit agency Export Finance Norway (Eksfin). Scatec is set to build three power plants in the South African province with a… Read More
On June 29 Minister of Trade and Industry, Jan Christian Vestre, launched the Norwegian Government’s Battery Strategy at FREYR Battery’s Mo i Rana Site. Eksfins CEO, Tone Lunde Bakker, held the following speech at the event. Read More
Sanctions against Russia has been a topic of increasing importance since the illegal annexation of Crimea in 2014, but the sanctions rapidly imposed by the EU, US and UK since end of February exceeds anything we have seen before in numbers and content, as well as coordination between sanctions authorities. Read More
Eksfin (Export Finance Norway) has established an EUR 70m export buyer credit guarantee for Europe’s largest shipyard group for the procurement of a wide range of maritime equipment and service deliveries from Norwegian exporters. Read More
The state's tools for assisting Norwegian export companies will be strengthened Read More
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
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
Ms. Tone Lunde Bakker has been appointed CEO of Export Finance Norway, which is due to be launched on 1 July 2021. We congratulate her on this important role in promoting Norwegian exports, and are pleased to have her on board. Read More
Oslo-headquartered Export Finance Norway (Eksfin.no), the result of a merger between former government agencies GIEK and Export Credit Norway, has opened its doors and is fully operational from 1 July 2021. Read More
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
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
Nearly half of all GIEK’s new guarantee liabilities in 2020, amounting to NOK 7.6 billion (EUR 722 million), were linked to extensive Norwegian exports to offshore wind farms around the world. GIEK also implemented three emergency finance schemes in response to the Covid-19 pandemic, and adopted new measures to contain growing risk in its offshore oil and gas portfolio. Read More
