On February 11, 2025, the board of directors in Eksportfinans approved the financial results for the financial year 2024.
Net interest income was NOK 251 million for 2024, compared to NOK 269 million for 2023.
The result for the year 2024 after tax was NOK 75 million, compared to NOK 320 million for 2023. The 2024 result reflects the impact of an impairment of a deferred tax asset. In contrast the 2023 result was positively impacted by several one-off events that affected the result that year.
Total comprehensive income was NOK 46 million for 2024, compared to NOK 274 million for 2023.
Total assets amounted to NOK 5.6 billion at December 31, 2024, compared to NOK 7.6 billion at December 31, 2023.
The core capital ratio was 207 percent at December 31, 2024, compared to 170 percent at December 31, 2023. The ratio is well above regulatory requirements.
The board of directors proposes a dividend of NOK 75 million for 2024.
At year-end 2024, Eksportfinans had total liquidity reserves of NOK 4.0 billion.
Eksportfinans’ strategy to actively manage its existing portfolio of loans, other assets and liabilities, with the overall objective of maintaining company value, remains unchanged in 2025.
After the balance sheet date, the company’s largest shareholder has extended an offer to the other shareholders for the acquisition of all their shares in Eksportfinans ASA. The acquisition is dependent upon 100 percent acceptance and a license being granted from the Norwegian Supervisory Authority (FSA).
Facts about Eksportfinans ASA
Eksportfinans manages a portfolio of export related lending. The company has not granted new loans since the government established a fully state-owned entity responsible for new officially supported export loans in 2012. Eksportfinans’ loans are guaranteed by Eksfin (Export Finance Norway) and/or banks. The company also manages a liquidity portfolio. The business is funded through bonds issued in the international capital markets. Eksportfinans was established in 1962 and is owned by banks operating in Norway and the Ministry of Trade, Industry and Fisheries on behalf of the Norwegian government. For more information about Eksportfinans, please see www.eksportfinans.no