The financial results for the first half-year of 2024 were approved by the board of directors of Eksportfinans on August 13, 2024.
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 2024.
Net interest income was NOK 144 million in the first half-year of 2024, compared to NOK 119 million in the same period of 2023. The increase was mainly due to higher floating interest rates in Norwegian kroner (NIBOR). Profit in the first half-year of 2024 was NOK 78 million, compared to NOK 48 million in the first half-year of 2023.
Total assets amounted to NOK 6.0 billion at June 30, 2024, compared to NOK 7.6 billion at December 31, 2023 and NOK 9.2 billion at June 30, 2023.
The core capital adequacy ratio was 213.7 percent at June 30, 2024, compared to 170.2 percent at December 31, 2023 and 168.4 percent at June 30, 2023.
Eksportfinans continues to be overcapitalized, and it remains a key issue to pursue different initiatives and solutions to optimize the capital structure.
On June 30, 2024, Eksportfinans had liquidity reserves totaling NOK 4.3 billion.
Eksportfinans’ financial reports and other information are available to the right.
Facts about Eksportfinans ASA:
Eksportfinans manages a portfolio of loans to the Norwegian export industry and foreign buyers of Norwegian capital goods. 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 portfolio of international securities. The business is funded through bonds and commercial paper 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.