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ANNUAL REPORT 2014

Expert services throughout the country

Finnvera has a network of 15 branch offices in Finland. Through this network, our experts serve companies in the whole country. The branch offices offer financing solutions in cooperation with other public and private providers of financing. In addition, Finnvera has a representative office in St. Petersburg, which helps Finnish enterprises seeking entry into the Russian market or already operating there.

Following reorganisation in autumn 2014, two new teams were established in Finnvera: the Service Centre and the Growth and Internationalisation Team. The Service Centre takes care of tasks associated with the financing of small enterprises. In the Growth and Internationalisation Team, a group of experts serves growing and internationalising enterprises in their financing needs. Both teams operate nationally.

The Export Financing Unit serves large export companies operating in Finland and is responsible for Finnvera’s foreign risk-taking. Together with Finnish and international providers of financing, the unit’s experts, based in Helsinki, offer services associated with export financing to exporters and their foreign buyers.

Finnvera in cooperation with regional actors

In micro-financing, Finnvera works in close cooperation with regional business advisory organisations, such as the Enterprise Agencies and municipal business companies. In 2014, these cooperation partners issued 926 statements on eligibility for financing. These statements accelerated the processing of applications for financing submitted by start-up enterprises. Cooperation with banks in the financing of small enterprises was active. In 2014, the volume of micro-guarantees granted by Finnvera to banks as security for their credits to small enterprises was EUR 54 million.

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