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.

  • 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.

  • 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.

  • 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.

  • Cecilie Stadaas

    Cecilie Stadaas

    Cecilie Stadaas

    Cecilie Stadaas is CFO of Export Credit Norway. Stadaas has extensive experience as manager of financial and staff functions both in private and public enterprises and comes from the position as CFO at Forsvarsbygg. Stadaas has also been CFO at the IT company Basefarm as well as the Norwegian national broadcaster NRK, and she has been auditing director at the Norwegian bank DnB. Export Credit Norway's CFO is responsible for financial and staff functions. Tasks and responsibilities consist of economics and analysis, finance, IT and digitization, HR, administration and procurement in Export Credit Norway.

  • Tobias Hvinden

    Tobias Hvinden

    Tobias Hvinden

    Tobias Hvinden is Legal Counsel – Head of Legal. Mr Hvinden was previously employed as a lawyer at Eksportfinans where he headed Legal & Compliance. He has also held positions at the Norwegian law firms Kvale Advokatfirma DA and Advokatfirmaet Grette DA.

  • 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 Director of Lending. 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 Director Strategy and Business Development from 1 November 2018. Mr. Slengesol was previously Director of Lending – Industry and Renewable Energy. Earlier, he was Business Development Director at Eksportfinans. He has a broad experience from start-ups in the renewable energy sector and has also held management positions 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.

  • 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 CFO at Export Credit Norway

15. Feb 2019

Cecilie Stadaas has been appointed as Export Credit Norway’s new CFO. She joins the company from the Norwegian Defence Estates Agency (Forsvarsbygg), where she was finance director.

Financing for Aker BioMarine’s krill ship

21. Jan 2019

18 January 2019 – Export Credit Norway has disbursed a loan to Kjell Inge Røkke-controlled Aker BioMarine Antarctic AS (Aker BioMarine) to fund the purchase of a fishing vessel designed for krill-harvesting operations in the Southern Ocean.

What does Brexit mean for you?

21. Jan 2019

Brexit is in the news, and many Norwegian businesses are wondering what it may mean for them.

Useful Norwegian introduction for due diligence assessments

11. Jan 2019

Norway’s National Contact Point for responsible business conduct has prepared a useful and practical introduction to the OECD Due Diligence Guidance for Responsible Business Conduct.

Closer cooperation with India

09. Jan 2019

Export Credit Norway has signed a letter of intent relating to cooperation with the Indian lender Srei Equipment Finance Limited.

Financial statements

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 3. quarter
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Payments 2. quarter
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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

Please contact our HR department for more information about vacancies.