From GlobeNewswire: 2025-02-21 04:00:00

Finnvera Group’s 2024 financial report shows a reduced level of financing compared to the previous year, resulting in €228 million profit. Key highlights include a 20% growth in net interest income and a 12% increase in net fee and commission income. The company was able to reverse significant loss provisions for export credit guarantees, especially in the cruise shipping sector. The balance sheet total increased by 3%, reaching €14.8 billion, while contingent liabilities decreased by 9%. The NPS index improved by 15 points to 79. CEO Juuso Heinilä commented on the challenging economic environment in 2024 and the positive outlook for future demand.

In 2024, Finnvera granted €0.9 billion in domestic loans and guarantees, a 51% decrease from the previous year. Additionally, €2.9 billion was granted in export credit guarantees, export guarantees, and special guarantees, reflecting a 47% decrease. The company saw a 15% increase in export credits granted, totaling €0.6 billion. The exposure for domestic loans and guarantees decreased by 4%, while the exposure for export credit guarantees decreased by 10%. The Group’s financial performance for the year resulted in a profit of €228 million, with various aspects contributing to this outcome, including higher net interest and fee income.

Looking ahead to 2025, Finnvera anticipates an increase in demand for domestic financing, especially for investments, as the economy improves. The company encourages companies to take advantage of green transition loans and continue piloting growth projects for micro-enterprises. Export credit guarantees are expected to grow in demand, with Finnvera playing a critical role in supporting long-term trade. Collaborations with other institutions will be strengthened to boost company growth and exports. The business outlook for cruise shipping companies is positive, but credit loss risks remain high for export financing liabilities, posing uncertainties for the Group’s financial performance in 2025.



Read more at GlobeNewswire: Finnvera Group’s Report of the Board of Directors and