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Export financing: A Contract Winning Tool for Norwegian Exporters NHD 4 November 2011

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Export financing: A Contract Winning Tool for Norwegian Exporters NHD 4 November 2011. Eksportfinans offers:. Long-term financing on competitive terms A free of charge fixed interest rate option through government-supported export credits (CIRR) Competence within a variety of sectors

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Presentation Transcript
eksportfinans offers
Eksportfinans offers:
  • Long-term financing on competitive terms
  • A free of charge fixed interest rate option through government-supported export credits (CIRR)
  • Competence within a variety of sectors
  • Broad knowledge on selected countries and regions
  • Close relationships with relevant and important domestic and foreign authorities, industries and institutions
slide3

EKSPORTFINANS CURRENT LOAN PORTFOLIO INCLUDES

PROJECTS IN OVER 50 COUNTRIES

Nearly 50 years of experience in long-term financing

  • Established in 1962
  • Annual disbursement NOK 33.7 bn (2010)
  • Total assets NOK 215.5 bn (EOY 2010)
  • Outstanding loan balance NOK 99.8 bn (EOY 2010)

OWNED BY THE NORWEGIAN GOVERNMENT (15%) AND 26 BANKS (85%)

KINGDOM OF NORWAY 15 %

(Aaa/AAA/AAA)

OTHER

BANKS

13,8 %

DnB NOR 40 %

(Aa3/A+)

DANSKE BANK 8 %

(Aa3/A/A+)

NORDEA 23,2 %

(Aa2/AA-/AA-)

slide5

Eksportfinans’ business model

*

  • Renewable energy, environment and infrastructure a new strategic business area from 2010

*Eksportfinans’ lending has to be guaranteed by the Norwegian Guarantee Institute for Export Credits (GIEK ) and /or eligible commercial bank

slide6

Export credits on government-supported terms (CIRR) as contract winning tool*

GENERAL FEATURES:

  • Free-of-charge fixed interest rate option
  • Margin included
  • Contract amount up to 85% may be financed
  • 8.5 year repayment period
  • 18 years repayment period available for renewable energy projects
  • Guarantee from GIEK and/or eligible commercial bank required

* Eksportfinans is the sole and exclusive operator of this financing scheme in Norway

slide8

Example: Contract between Norwegian Supplier and

  • Project Owner is financed by Eksportfinans (EF)
the application process apply for financing before contract award
The applicationprocess: Apply for financingbeforecontractaward
slide11

CIRR: Required Norwegian content, financing structure and guarantees

GUARANTEE STRUCTURE

FINANCING

VALUE ADDED

MINIMUM 15%

EQUITY

MINIMUM 30 % NORWEGIAN CONTENT

10-30 %

BANK

GUARANTEE

85 %

FINANCING WITH

EKSPORTFINANS

70-90 %

GIEK *

GUARANTEE

CONTRACT

UP TO 70% NON-NORWEGIAN CONTENT

LOCAL CONTENT MAX. 30 % of SUM of NORWEGIAN and THIRD COUNTRY CONTENT

Deliveries from companies based in Norway or companies abroad under Norwegian majority control generally qualify as Norwegian content

contact us
Contact us

Tellef K. Tellefsen

Head of Shipping

+47 2201 2257

TKT@eksportfinans.no

Jørgen Hauge

Head of Oil & Gas

+47 2201 2234

JHA@eksportfinans.no

Olav Tore Breilid

Investment Loans and Financial Institutions

+47 2201 2211

OTB@eksportfinans.no

Dagny Astrup

Shipping and Maritime Equipment –Chile & Peru

+47 2201 2256

DEA@eksportfinans.no

Laila Johnsen (maternity leave)

Oil & Gas Brasil

+47 2201 2263

LAJ@eksportfinans.no

Stig Gjethammer

Shipping (Møre)

+47 9754 3444

STG@eksportfinans.no

Olav E. Rygg

Director of Lending

+47 2201 2251

OER@eksportfinans.no

Ivar Slengesol

Director of Business Development

Renewable Energy,

Environment & Infrastructure

+47 2201 2256

IVS@eksportfinans.no

Lars børrehasle

Senior Vice President

Renewable Energy, Environment, Infrastructure & other Capital goods

+47 2201 2242

LBH@eksportfinans.no

ANNA Musiej Aanensen

Senior Vice President

Oil & Gas

+47 2201 2304

AMA@eksportfinans.no

EKSPORTFINANS ASA, Dronning Mauds gate 15, NO-0119 Oslo, Norway www.eksportfinans.no

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