Finnvera Group posts EUR 50 million Q1 profit, financing up

HELSINKI - Finnvera Group, the Finnish state-owned specialized financing company, reported on Thursday a first-quarter profit of EUR 50 million, a slight decrease from the EUR 54 million recorded in the same period last year. The company, which focuses on loans, guarantees, and export credit services, saw an uptick in both domestic and export financing granted during the period from January to March 2025.

In the first quarter, Finnvera granted domestic loans and guarantees totaling EUR 0.3 billion, marking a 26% increase from the previous year. Its export credit guarantees, export guarantees, and special guarantees rose significantly by 74% to EUR 2.7 billion. The company’s balance sheet expanded marginally by 1% to EUR 14.9 billion, while contingent liabilities jumped by 14% to EUR 17.0 billion.

Despite the growth in financing volumes, Finnvera’s net interest income and net fee and commission income fell compared to the previous year. However, the company could partially reverse loss provisions for export credit guarantee and special guarantee operations, positively impacting the results. The company’s exposure in Russia decreased, and the outlook for the cruise shipping sector, a significant area for Finnvera’s liabilities, continued to improve.

Finnvera’s CEO, Juuso Heinilä, noted that the year had started positively, with an increase in financing for small and medium-sized enterprises (SMEs) and midcap enterprises. He also mentioned the impact of global trade uncertainties on Finnish companies but expressed optimism for a more active year for Finnvera in both SME and large corporate business.

The company’s customer satisfaction remained high, with a net promoter score of 78, although this was 12 points below the record level for the comparison period. Finnvera’s strategy for 2025–2028 will focus on increasing Finnish exports and enabling growth and new business, supported by digitalization and competent personnel.

The financial performance of Finnvera Group is based on a press release statement, and the company’s interim management statement for Q1 2025 is available on its website. Finnvera plays a crucial role as the official Export Credit Agency of Finland, providing financing solutions that strengthen the competitiveness of Finnish enterprises in the global market.

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