Finance & Insurance, News

Export Credit Norway: third quarter result 2013

In the third quarter of 2013, Export Credit Norway AS reached record high levels for application volume for new projects as well as size of its lending balance.

Export Credit Norway facilitated new loans for NOK 5.7 billion in the third quarter 2013 (Q3 2012: NOK 5.0 billion), which is an increase of 13.7 percent from the same quarter last year. At the end of the quarter, the company’s lending portfolio stood at NOK 40.7 billion (24.5), an increase of 66.2 percent from the corresponding period in 2012.

“The amount of new applications for export financing, the application volume and our lending portfolio reached its highest level ever in the third quarter. We attribute this to a combination of a strong offshore market and an export financing scheme that is gradually becoming better known both in Norway and abroad,” says Jarle Roth, CEO of Export Credit Norway.

 

To read more, please visit Export Credit Norway’s website.