Eksportfinans' financial results for the first three quarters of 2024
24/10/2024 - Press releaseThe financial results for the first three quarters of 2024 were approved by the board of directors of Eksportfinans on October 24, 2024.
The financial results for the first three quarters of 2024 were approved by the board of directors of Eksportfinans on October 24, 2024.
The financial results for the first half-year of 2024 were approved by the board of directors of Eksportfinans on August 13, 2024.
The international rating agency Standard & Poor's has revised its outlook on Eksportfinans A-/A-2 rating from stable to positive. Please see enclosed rating update for more information.
The financial results for the first quarter of 2024 were approved by the board of directors of Eksportfinans on May 7, 2024.
Eksportfinans' annual general meeting 2024
On February 13, 2024, the board of directors in Eksportfinans approved the financial results for the financial year 2023.
The financial results for the first three quarters of 2023 were approved by the board of directors of Eksportfinans on November 7, 2023.
The financial results for the first half-year of 2023 were approved by the board of directors of Eksportfinans on August 15, 2023.
The Transparency Act is a relatively new law with the aim of promoting respect for fundamental human rights and decent working conditions in connection with the production of goods and services. The law shall ensure public access to information about how companies relate to these topics.
The financial results for the first quarter 2023 were approved by the board of directors of Eksportfinans on June 1, 2023.
Eksportfinans' annual general meeting 2023
On February 15, 2023, the board of directors in Eksportfinans approved the financial results for the financial year 2022.
Ole Anders Næss has been appointed CFO of Eksportfinans ASA with effect from January 1, 2023
On November 8, 2022 the board of directors in Eksportfinans approved the financial results for the first three quarters of 2022.
On August 16, 2022 the board of directors in Eksportfinans approved the financial results for the first half-year of 2022.
On May 10, 2022 the board of directors in Eksportfinans approved the financial results for the first quarter of 2022.
Eksportfinans' annual general meeting took place on March 10, 2022
On February 16, 2022 the board of directors in Eksportfinans approved the financial results for the financial year 2021.
On November 2, 2021 the board of directors in Eksportfinans approved the financial results for the third quarter of 2021.
On August 10, 2021 the board of directors in Eksportfinans approved the financial results for the second quarter of 2021.
On June 29, 2021 Eksportfinans was upgraded by S&P Global Ratings to A- from BBB+, and the rating outlook is stable. The final report was published on August 3, 2021.
On May 4, 2021 the board of directors in Eksportfinans approved the financial results for the first quarter of 2021.
Eksportfinans' annual general meeting took place on March 11, 2021.
The financial results for 2020 were approved by the board of directors in Eksportfinans on February 16, 2021.
On November 3, 2020, the board of directors in Eksportfinans approved the financial results for the third quarter of 2020.
The board of directors in Eksportfinans has on August 11, 2020 approved the financial results for the first half-year of 2020.
The first quarter report for 2020 was approved by the board of directors in Eksportfinans on May 6, 2020.
The annual general meeting took place on March 5, 2020.
The third quarter report 2019 was approved by the board of directors in Eksportfinans on November 5, 2019.
On August 13, 2019 the board of directors in Eksportfinans approved the financial report for first half-year 2019.
On May 7, 2019 the board of directors in Eksportfinans approved the financial report for first quarter 2019.
Eksportfinans’ annual general meeting for 2019 took place on Thursday March 7, 2019.
The financial results for 2018 were approved by Eksportfinans' board of directors on Tuesday February 12, 2019.
On Monday December 17, 2018, Eksportfinans received the lighthouse environmental certificate from the environmental representative of Oslo city council, Lan Marie Nguyen Berg.
The board of directors in Eksportfinans has on November 2, 2018 approved the financial report for third quarter 2018.
The financial results for the first half-year of 2018 were approved by Eksportfinans' board of directors on Thursday August 17, 2018
Eksportfinans’ board of directors has today appointed Geir Ove Olsen as new CEO of Eksportfinans ASA effective from July 1, 2018. Geir Ove Olsen has been CFO of Eksportfinans since 2008 and will succeed Geir Bergvoll who leaves the company on June 30, 2018.
Eksportfinans' board approved the company's financial report for the first quarter of 2018 on Thursday May 3, 2018.
Eksportfinans’ annual general meeting for 2018 took place today. The company’s annual report for 2017 is now available on the corporate web site.
Thursday November 2, 2017 Eksportfinans' board approved the company's financial report for the third quarter year of 2017 .
Thursday August 17, 2017 Eksportfinans' board approved the company's financial report for the first-half year of 2017 .
Executive Vice President & Director of Funding and Lending, Martine Mills Hagen, has left Eksportfinans ASA with effect from August 14, 2017 to take up the position as Head of Funding with the Asian Infrastructure Investment Bank in Beijing, China. Director of Accounting, Finance and Operations, Geir Ove Olsen, assumes her managerial responsibilities in Eksportfinans, whereas Head of Treasury, Ole Anders Næss, is responsible for the company’s funding.
Eksportfinans’ financial results for the first quarter of 2017 were in line with expectations.
Eksportfinans’ annual general meeting for 2017 took place today. The company’s annual report for 2016 is now available on the corporate website.
Reference is made to the announcement on 14 March 2017 regarding roadshow announcement and a potential issuance of NOK bond issue of up to NOK 2 billion and with a tenor of 2 years.
Eksportfinans ASA has mandated Danske Bank Markets, DNB Markets and Nordea to arrange a series of fixed income investor meetings commencing on Tuesday 21st March, 2017.
Extraordinary events contributed to a strong financial performance for Eksportfinans in 2016. The company enters 2017 with investment grade ratings (BBB+ with stable outlook) from Standard & Poor’s
Ratings Services.
The company is maintaining stable operations, good liquidity and a strong capital base.
Halfway into 2016 Eksportfinans’ operations are stable, the capital base is strong and the liquidity situation is good. Profit was positively affected by the sale of the company’s office property.
Lower level of interest generating asset continues to affect the profit in the first quarter of 2016. Liquidity is good and the capital base remains solid.
Eksportfinans’ annual general meeting for 2016 took place today. The company’s annual report for 2015 is now available here.
On Wednesday March 30, 2016 Eksportfinans ASA signed a contract with Genesta regarding the sale of its office property in Dronning Mauds gate 15 in central Oslo. The sale is a part of Eksportfinans’ long term strategy to focus on its core business. Eksportfinans will continue its operations at its current address through a lease agreement with Genesta.
On Monday February 29, 2016, Standard & Poor's raised its long- and short-term counterparty credit ratings on Eksportfinans ASA to BBB/A-2 from BBB-/A-3. The outlook remains positive. For more information, please refer to the full report from S&P, which is available in the right column and from our ratings section.
Whereas net interest income decreased in 2015 due to a lower level of interest generating assets, the profit for the year was positively affected by extraordinary income. Entering 2016 the company has a solid capital base and a good liquidity situation.
Eksportfinans’ operations remained stable in the first nine months of 2015 whilst financial results were positively affected by extraordinary income.
Eksportfinans’ operations remained stable in the first six months of 2015 whilst financial results were positively affected by extraordinary income.
Stable operations and positive results were maintained through the first three months of 2015.
Eksportfinans’ annual general meeting for 2015 took place today. The company’s annual report for 2014 is now available here.
2014 was a year of stable operations, positive financial results and a solid capital base at year-end for Eksportfinans ASA. The company enters 2015 with an upgraded credit rating of BBB- with positive outlook from Standard & Poor’s.
On Monday February 16, 2015 at 9:00am New York / 2:00pm London / 3:00pm CET Eksportfinans ASA is hosting an investor conference call. The company will give an update to investors following the release of its fourth quarter report 2014, published on Friday February 13, 2015.
Eksportfinans ASA performed in line with expectations in the third quarter of 2014. Liquidity is good and the capital base remains solid. The reductions in the capital adequacy ratios are due to new capital regulations implemented as of September 30, 2014.
Eksportfinans’ Council of Representatives has today passed resolutions on changes in the composition of the Board of Directors of Eksportfinans ASA. This comes as a consequence of yesterday’s appointment of Geir Bergvoll, the Chairman of the Board, as new President and CEO of the company.
Eksportfinans’ Board of Directors has today appointed Geir Bergvoll (62) as President and CEO of the company. Since 2008 Geir Bergvoll has been Chairman of the Board of Directors and he will succeed Gisele Marchand with effect from November 1, 2014.
Eksportfinans continued its stable operations in the first half-year of 2014. Liquidity is good and the capital base is solid.
On Thursday August 21, 2014 at 10:00am New York / 3:00pm London / 4:00pm CET Eksportfinans ASA is hosting an investor conference call. The company will give an update to investors following the release of its first half-year report 2014, scheduled to be published on the same date.
President and CEO of Eksportfinans ASA, Gisele Marchand, has resigned from her position with Eksportfinans. She is leaving the company before year end to take up the position as Chief Executive Officer of the Norwegian law firm Haavind AS.
Both liquidity and solidity were maintained at comfortable levels through the first three months of 2014.
On Thursday May 8, 2014 at 10:00am New York / 3:00pm London / 4:00pm CET Eksportfinans ASA is hosting an investor conference call. The company will give an update to investors following the release of its first quarter report 2014, scheduled to be published on the same date.
Moody's Investors Service has today affirmed Eksportfinans' Ba3 issuer and senior debt ratings. The rating outlook on all long-term ratings was changed to stable from negative.
For details, please refer to the report from Moody's Investor Service in the right hand column.
Eksportfinans’ annual general meeting for 2014 took place today. The company’s annual report for 2013 is now available on its website.
Eksportfinans has been informed that Tokyo District Court has not received an appeal within the deadline from the plaintiffs (Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Master Fund L.P.) in the case relating to a purported declaration of default in respect of Eksportfinans’ samurai bonds. The March 28 ruling in favour of Eksportfinans has now become final and conclusive.
Eksportfinans is pleased to announce that on March 28, 2014, the Tokyo District Court ruled in favour of Eksportfinans in the claim by Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Master Fund, L.P. (“plaintiffs”) relating to a purported declaration of default in respect of Eksportfinans’ samurai bonds.
Eksportfinans has focused on stable and predictable business operations throughout 2013. At year-end the company had a strong capital base and considerable liquidity reserves.
On Wednesday February 26, 2014 at 10:30am New York / 3:30pm London / 4:30pm CET Eksportfinans ASA is hosting an investor conference call. The company will give an update to investors following the release of its fourth quarter report 2013, scheduled to be published on the same date.
On Friday January 17, 2014, Moody’s published its latest report on Eksportfinans ASA, confirming the Ba3 rating with negative outlook.
For more information, please refer to the full report, which is available in the right hand column and from our ratings section.
On Friday November 16, 2012, Standard & Poor’s published its latest report on Eksportfinans ASA, confirming the BB+ rating with negative outlook.
Net interest income was NOK 525 million in the first nine months of 2013, compared to NOK 986 million in the same period of 2012. The reduction was as expected and due to the lower level of interest generating assets combined with a more normalized market for USD/NOK basis swaps.
On Tuesday November 5, 2013 Standard & Poors's published its latest report on Eksportfinans ASA, confirming the BB+ rating with negative outlook. A full version of the report was made available on Thursday November 28, 2013.
For more information, please refer to the full report, which is available in the right hand column and from our ratings section.
On Thursday November 7, 2013 at 10am New York / 3pm London / 4pm CET Eksportfinans ASA is hosting an investor conference call. The company will give an update to investors following the release of its third quarter report 2013, scheduled to be published on the same date.
Net interest income was NOK 379 million in the first half-year of 2013, compared to NOK 709 million in the first half-year of 2012. The reduction was due to the lower level of interest generating assets combined with a more normalized market for USD/NOK basis swaps.
On Thursday August 22, 2013 at 10am New York / 3pm London / 4pm CEST Eksportfinans ASA is hosting an investor conference call. The company will give an update to investors following the release of its first half-year report 2013, scheduled to be published on the same date.
On Tuesday July 23, 2013, Moody’s published its latest report on Eksportfinans ASA, confirming the Ba3 rating with negative outlook.
For more information, please refer to the full report, which is available in the right hand column and from our ratings section.
Net interest income was NOK 202 million in the first quarter of 2013, compared to NOK 375 million in the first quarter of 2012. The reduction was mainly caused by a combination of the lower level of interest generating assets and reduced margins.
On Tuesday May 7, 2013 at 10am New York / 3pm London / 4pm CEST Eksportfinans ASA is hosting an investor conference call. The company will give an update to investors following the release of its first quarter report 2013, scheduled to be published on the same date.
Eksportfinans’ annual general meeting for 2013 took place today. All proposed issues were resolved including, but not limited to, the annual financial and Board of directors’ reports for 2012 and the proposal not to pay dividends for the fiscal year 2012.
Eksportfinans delivered high earnings and strengthened its solidity further in 2012. Net interest income was NOK 258 million in the fourth quarter and NOK 1,244 million for the year 2012. The Board has decided to propose to the Annual General Meeting not to pay a dividend for 2012.
On Wednesday February 27, 2013 at 10am New York / 3pm London / 4pm CET Eksportfinans ASA is hosting an investor conference call. The company will give an update to investors following the release of its fourth quarter report 2012, scheduled to be published on the same date.
On January 28, 2013 Moody's Investors Service announced their downgrade of Eksportfinans ASA's issuer and senior debt ratings to Ba3 (negative outlook) from Ba1. The rating agency related the rating action to the demand for payment that Eksportfinans has received from an investor in its Japanese bonds.
In accordance with the organizational plan for Eksportfinans, devised in the first half-year of 2012, Executive Vice President Oliver Siem has left the Company with effect from January 1, 2013.
As previously stated in press releases from Eksportfinans dated December 19, 2011 and November 7, 2012, an investor in the institution’s Japanese Samurai bonds had threatened to declare default under these bonds. Yesterday, Eksportfinans received information that said investor has filed a complaint with the Tokyo District Court.
On Wednesday November 7, 2012 Eksportfinans hosted an investor conference call, giving an update to investors following the release of its third quarter report 2012. A replay is now available.
Eksportfinans performed well in the first nine months of 2012. Both net interest income and liquidity developed as expected.
On Wednesday November 7, 2012 at 10am New York / 3pm London / 4pm CET Eksportfinans ASA is hosting an investor conference call. The company will give an update to investors following the release of its third quarter report 2012, also scheduled to be published on the same date.
Statement from the Norwegian Ministry of Finance on October 1, 2012 does not impact Eksportfinans' exemptions from large exposures regulations regarding loans to five specific clients. For the remaining business activities, Eksportfinans has adapted to the new regulations.
On Thursday August 16, 2012 Eksportfinans hosted an investor conference call, giving an update to investors following the release of its first half-year report 2012. A replay is now available.
Eksportfinans performed well and according to plan in the first half-year of 2012, with net interest income of NOK 709 million, compared to NOK 732 million for the first six months of 2011.
On Thursday August 16, 2012 at 10am New York / 3pm London / 4pm CET Eksportfinans ASA is hosting an investor conference call. The company will give an update to investors following the release of its first half-year report 2012, also scheduled to be published on the same date.
On July 31, 2012 Moody's Investors Service confirmed Eksportfinans's Ba1 ratings with a negative outlook, reflecting Moody's view that the short-term uncertainty surrounding Eksportfinans's ability to adequately manage its risks whilst running down its loan portfolio has decreased.
On July 1, 2012 Eksportfinans ASA finalized the process that was initiated at the end of last year to adapt the organization to the decision by the Norwegian Government on November 18, 2011 to take over the Government supported export financing scheme previously managed by Eksportfinans. In the new management structure effective from July 1, 2012 Martine Mills Hagen has joined the Executive Management Group as Executive Vice President and Director of Funding & Lending.
Thursday 10th May Citigroup arranged an investor conference call hosted by Eksportfinans, to update investors on recent developments following the release of its Q1 figures.
Eksportfinans performed well in the first quarter of 2012, with net interest income of NOK 375 million, which was on par with NOK 386 million for the first three months of 2011.
The general assembly for 2012 for Eksportfinans ASA took place today.
Thursday 1 March Citigroup arranged an investor conference call hosted by Eksportfinans, giving an update about the company’s recent development.