on Finnvera Oyj (isin : XS0852098929)
Finnvera's 2024 Financial Performance: A Year of Adjustment and Strategy
Finnvera Group reported a 2024 result of EUR 228 million, a 47% decrease from 2023. The decline stems from limited reversals of loss provisions, particularly in cruise shipping compared to last year. Despite these challenges, the Group's net interest and commission incomes witnessed a notable increase of 20% and 12%, respectively.
The overall financing for 2024 saw a significant reduction, with EUR 0.9 billion in domestic loans and guarantees and EUR 2.9 billion in export guarantees. Export credits by Finnish Export Credit Ltd increased slightly to EUR 0.6 billion, though still below pre-pandemic levels.
The company's strategic focus remains on sustainable growth, evidenced by investments in climate and digitalisation loans. The business outlook for 2025 suggests improved prospects for cruise shipping companies but flags persistent uncertainties in export financing risks.
R. H.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Finnvera Oyj news