News

Export Finance Norway (Eksfin) will be an accessible and effective supporter of the business sector

Norwegian export companies have demonstrated an impressive ability and desire to face the challenges head on in Q4.

- Poseidon Principles gives important knowledge to secure more transparent portfolios and to better understand climate risk, says Otto Søberg, CEO in Export Credit Norway.

- These are challenging times for Norwegian export businesses, but the situation speeds up a highly necessary conversion, said Otto Søberg, CEO of Export Credit Norway.

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.

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

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.