Investor Presentaiton
Equity and other reserves EUR 1.5 billion
Accumulated buffers against credit losses consist
of retained earnings (EUR 0.8 billion) and the
State Guarantee Fund (EUR 0.7 billion)
-
The fund is administered by the Government and is
not part of Finnvera
Finnvera's obligations stemming from guarantees
issued are restricted to the amount carried in
reserves (retained earnings)
The State assumes responsibility for guarantee
losses exceeding the reserves on Finnvera's
balance sheet and the State Guarantee Fund
June 30, 2020
Large Corporates
Reserve for export financing operations
EUR 829 million
State Guarantee Fund
EUR 688 million
SMEs and midcaps
Reserve for domestic operations
EUR 282 million
Retained earnings
and other non-restricted equity
EUR -314 million
FINNVERAView entire presentation