About us

Export Credit Norway helps Norwegian exporters to succeed abroad by offering Norwegian and foreign companies competitive financing when buying goods and services from Norwegian exporters.

Our customers come from all over the world, and purchase everything from ships and subsea technology, to solar parks, hydropower turbines and design services.

We deal with the entire loan application process, including commitment, disbursement and monitoring of loans. Export Credit Norway is wholly owned by the Norwegian Government, and is administered by the Ministry of Trade, Industry and Fisheries. We have been in operation since 1 July 2012, and have more than 45 employees.

Export Credit Norway offers loans with two different sets of interest terms: fixed-rate Commercial Interest Reference Rate (CIRR) loans and CIRR-qualified market loans with variable rates. Both types of loans may be disbursed in all OECD currencies, and both comply with the OECD Arrangement on Officially Supported Export Credits.

See organizational chart

Our customers come from all over the world, and purchase everything from ships and subsea technology, to solar parks, hydropower turbines and design services.

We deal with the entire loan application process, including commitment, disbursement and monitoring of loans. Export Credit Norway is wholly owned by the Norwegian Government, and is administered by the Ministry of Trade, Industry and Fisheries. We have been in operation since 1 July 2012, and have more than 45 employees.

Export Credit Norway offers loans with two different sets of interest terms: fixed-rate Commercial Interest Reference Rate (CIRR) loans and CIRR-qualified market loans with variable rates. Both types of loans may be disbursed in all OECD currencies, and both comply with the OECD Arrangement on Officially Supported Export Credits.

See organizational chart

Employees

Board and Management

Export Credit Norway is owned by the Norwegian state and follows the state’s principles for good governance and company management.

Read the statement on our compliance with the Norwegian Code of Practice for Corporate Governance (NUES):

Governance and company management (pdf)
  • Else Bugge Fougner

    Else Bugge Fougner

    Else Bugge Fougner

    Else Bugge Fougner (b. 1944) has been the board chair since June 2012. She holds a law degree from the University of Oslo. Bugge Fougner is an attorney admitted to the Supreme Court and of counsel at Hjort law firm. She is a former Minister of Justice and has considerable board experience from a number of major Norwegian companies. Bugge Fougner serves as as a board member at Aker Kværner Holding AS, Protector Insurance ASA and Torvterrassen Holding AS.

  • Ingelise Arntsen

    Ingelise Arntsen

    Ingelise Arntsen

    Ingelise Arntsen (b. 1966) has been a board member since May 2016. She was educated at the South Denmark Business School and has had extensive management experience at several energy companies, including Aibel AS, Statkraft, REC ASA, Sway Turbine AS and Sogn og Fjordane Energi. She has also spent seven seven years in the shipbuilding industry, working for Kværner Fjellstrand in Hardanger and in Singapore. Arntsen is a board member of Nammo AS and Statkraft.

  • Siri Hatlen

    Siri Hatlen

    Siri Hatlen

    Siri Hatlen (b. 1957) has been a board member since June 2012. She has a master’s degree from the Norwegian University of Science and Technology and an MBA from INSEAD. Hatlen serves on the boards of such organisations as the Nobel Peace Center, Entra ASA and Bane NOR SF, and is on both the technology council and joint board of the Norwegian University of Life Sciences. Hatlen was formerly the managing director of Oslo University Hospital and an executive vice president of Statkraft AS. She has held various positions at Statoil ASA.

  • Finn Ivar Marum

    Finn Ivar Marum

    Finn Ivar Marum

    Finn Ivar Marum (b. 1967) has been a board member since June 2012. He has a master`s degree in international affairs from Columbia University. Marum is a division head for direct investments at Norfund. Marum holds board positions at Nortek AS, Formuesforvaltning Activ Forvaltning and African Century Infrastructure Services. He was previously a senior partner at the investment company HitecVision, and has experience from Kistefos AS, Ernst & Young AS and Statoil ASA.

  • Øyvind Holte

    Øyvind Holte

    Øyvind Holte

    Øyvind Holte (b. 1949) has been a board member since May 2016. He has a business degree from the Norwegian School of Economics and an MBA from the University of California, Berkeley. Since February 2016 Holte has had his own consultancy firm, and he serves on the boards of Northcape Capital AS, TS Shipping Invest AS and Stiftelsen Domkirkeboligene, among other organisations. Holte has experience from a number of financial institutions and shipping and industrial companies, most recently as managing director and head of the Norwegian market for DVB Bank. Previous board experience includes service as a board member at Oslo Børs.

  • Marie Sørli

    Marie Sørli

    Marie Sørli

    Marie Sørli (born 1975) has served as employee-elected representative since June 2018. She holds a Master’s degree from the Norwegian School of Economics and Business Administration and Université Paris Dauphine. Sørli works as key account manager in Export Credit Norway’s market department and is also responsible for the work in the OECD export credit groups. Her previous positions include posts at Eksportfinans ASA, the Norwegian Ministry of Petroleum and Energy and Deloitte Consulting.

  • Jørgen Hauge

    Jørgen Hauge

    Jørgen Hauge

    Jørgen Hauge (employee-elected deputy representative) serves as a project manager in Project and Loan Administration and has been responsible for oil and gas industry projects at Export Credit Norway. He previously worked at Eksportfinans ASA and has additional experience from the Financial Supervisory Authority of Norway.

  • Otto Søberg

    Otto Søberg

    Otto Søberg

    Otto Søberg is the CEO of Export Credit Norway. Søberg has more than 30 years of senior management experience from export-oriented industries. In addition to his role as president of Wood Group Mustang Norway (formerly part of the Agility Group), he has headed Siemens Group`s division with global responsibility for oil, gas and marine solutions. Søberg has a background as CEO of Aker Yards and CEO of Kvaerner Oil and Gas AS. Søberg has an expansive board experience from a number of businesses and trade organizations.

  • Olav Einar Rygg

    Olav Einar Rygg

    Olav Einar Rygg

    Olav Einar Rygg is EVP Director of Lending – Shipping & offshore. Mr Rygg was acting chief executive officer at Export Credit Norway for the company’s first 100 days. Previously he held a number of executive management positions at Eksportfinans, most recently director of lending.

  • Ivar Slengesol

    Ivar Slengesol

    Ivar Slengesol

    Ivar Slengesol is EVP Director of Lending – Industry and renewable energy. Mr Slengesol was previously business development director at Eksportfinans. He has a broad experience from start-ups in the renewable energy sector and has also worked at Shell and the World Bank.

  • Ellen B. Svaheim

    Ellen B. Svaheim

    Ellen B. Svaheim

    Head of Communications Ellen B. Svaheim has led Export Credit Norway’s communications department since the company’s formation in 2012, having previously held similar positions with Eksportfinans ASA and Canon Norge. She has also worked for Gyro Gruppen and Norges Bank Investment Management. She holds an economics degree from the University of Nordland/Copenhagen Business School, as well as additional qualifications in the fields of communications and graphic design.

  • Eli Skrøvset

    Eli Skrøvset

    Eli Skrøvset

    Eli Støvset is Chief Financial Officer at Export Credit Norway. Ms Skrøvset has broad experience of the energy sector and her former roles include those of senior adviser and chief financial officer at Statkraft. She also has experience from the Ministry of Petroleum and Energy. Ms Skrøvset is a board member of Avinor AS.

  • Jostein Djupvik

    Jostein Djupvik

    Jostein Djupvik

    Jostein Djupvik is Director of Project and Loan Administration. He has previously held several positions at Eksportfinans ASA and The Ministry of Trade and Industry.

Corporate Social Responsibility

For Export Credit Norway, corporate social responsibility is about environmental sustainability and social wellbeing. Fulfilling our corporate responsibility starts with a commitment to following national laws and internationally recognised principles and guidelines.

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News

New offer for Norwegian ship financing

28. Jun 2018

Norway’s new offer for ship financing was officially approved by the King in Council on Friday 22 June, and is ready for launch. Shipping companies will now have access to several billion kroner in state financing support for ship purchases.

EXPORT CREDIT NORWAY’S FIRST TRANSACTION IN CHINA

Export financing opens doors in China

04. Jun 2018

An attractive export financing offer and normalised relations with China are creating new opportunities for Norwegian exporters. Supported by financing from Export Credit Norway and GIEK, the Oslo-based company Alfsen og Gunderson has won a EUR 3 million contract with the Chinese company Anhui Taipingyang Special Mesh Industry Co.

Q1 2018

Increased application volume

03. Jun 2018

Export Credit Norway registered a strong increase in application inflow in the first quarter of 2018, mirroring higher activity levels in maritime industries and the SME segment.

The Export Award 2018

Clean air from this year’s Export Award winner

24. Apr 2018

Airthings from Oslo was declared exporter of the year today. The company develops and manufactures CO2, radon and other harmful gas detectors featuring cutting-edge technology and IoT (Internet of Things) connectivity. “A worthy winner with a large existing export portfolio,” says the jury.

Relive the Export Conference 2018

24. Apr 2018

Here you can watch a video of this year’s most important conference for Norwegian exporters.

Financial statements

Quarterly reports

Quarterly report 1. quarter
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Payments

Payments 1. quarter
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Annual report

Annual report 2017
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Quarterly reports

Quarterly report 3. quarter
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Quarterly report 2. quarter
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Quarterly report 1. quarter
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Payments

Payments 4. quarter
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Payments 3. quarter
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Payments 2. quarter
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Payments 1. quarter
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Annual report

Annual report 2016
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Quarterly reports

Quarterly report 4. quarter
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Quarterly report 3. quarter
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Quarterly report 2. quarter
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Quarterly report 1. quarter
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Payments

Payments 4. quarter
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Payments 3. quarter
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Payments 2. quarter
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Payments 1. quarter
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Annual report

Annual report 2015
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Annual report

Annual report 2014
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Vacant positions

No vacancies at the moment

But we are always interested in hearing from strong candidates. Please send us a CV or contact the HR department for more information.