Finnvera Business Review
Equity and other reserves EUR 2.1 billion
21
24
Accumulated buffers against credit losses consist
of retained earnings (EUR 1.2 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
December 31, 2019
Large Corporates
Reserve for export financing operations
EUR 773 million
State Guarantee Fund
EUR 686 million
SMEs and midcaps
Reserve for domestic operations
EUR 266 million
Retained earnings
and other non-restricted equity
EUR 182 million
FINNVERAView entire presentation