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

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

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  1. Export financing: A Contract Winning Tool for Norwegian Exporters NHD 4 November 2011
  2. 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
  3. 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-)
  4. Some of our business relations
  5. 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
  6. 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
  7. An attractive interest rate option: CIRR rates currently at historical low levels
  8. Example: Contract between Norwegian Supplier and Project Owner is financed by Eksportfinans (EF)
  9. The applicationprocess: Apply for financingbeforecontractaward
  10. Parties involved in a contract financing transaction
  11. 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
  12. 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
  13. www.eksportfinans.no
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