Export Credit Norway Q2 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.
RESULTS 4th QUARTER 2019
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.
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.
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.
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.
Export Credit Norway signs on to the Poseidon Principles, a framework for assessing and disclosing the decarbonisation of the shipping industry.
The industries with the greatest potential for green, profitable and export-oriented growth in Norway are: renewable energy, maritime industry, seafood and the process industry.