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 organisational 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 organisational 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.

  • 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.

  • 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.

  • 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.

  • Rolf Helmich Pedersen

    Rolf Helmich Pedersen

    Rolf Helmich Pedersen

    Export Credit Norway’s legal and compliance department is responsible for all legal matters relating to the company’s operations and provides legal advice and support to the other departments of the company including negotiation, drafting and follow up of the company’s loan documentation and monitoring the company’s compliance with applicable laws and regulations.

  • 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.

  • Elin Carinder

    Elin Carinder

    Elin Carinder

    Elin Carinder is Export Credit Norway’s acting CFO, responsible for the company's overall financial performance and reporting, and for the company’s administrative staff (IT, HR, administration). She has a Master of Science in Business Administration and Economics, and is a state authorized public accountant. Carinder has worked for Export Credit Norway since 2017, and has also held the roles of Finance Manager and Business Controller. She has previously worked as an accountant at PwC.

  • 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 Head 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

Export Credit Norway Q2 2020:

Anticipating the pandemic’s long-term effects

18. Sep 2020

Export Credit Norway registers a good influx of loan applications in the second quarter of 2020 but expects the pandemic to influence negatively in the coming quarters.

Export Credit Norway and GIEK to merge

07. Sep 2020

- An important step towards streamlining the export financing process, said Export Credit Norway’s CEO Otto Søberg.

RESULTS 4th QUARTER 2019

Export Credit Norway Q4 and full-year 2019: Lending growth

23. Mar 2020

Export Credit Norway has seen a robust increase in disbursement volume during the final quarter of 2019. The company disbursed NOK 5.2 billion in new loans during the quarter and has noted a marked increase in the disbursement volume for the year as a whole.

We are available

19. Mar 2020

The coronavirus is affecting the financial markets, and together with the falling oil prices, the situation is challenging to many Norwegian businesses. Export Credit Norway are following this situation closely and are ready to assist Norwegian exporters as best as we can in these challenging times.

Export Credit Norway is working from home, but still open

16. Mar 2020

In accordance with current recommendations from the Norwegian government to fight coronavirus, Export Credit Norway is limiting the on-site presence at our premises. We are still fully committed to our daily operations and we carry out our work as always.

Financial statements

Quarterly reports

Quarterly report 2. quarter
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Payments

Payments 2. quarter
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Annual report

Annual report 2019
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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 2018
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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 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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Vacant positions

No vacancies at the moment

Please contact our HR department for more information about vacancies.