The financial results for the first three quarters of 2024 were approved by the board of directors of Eksportfinans on October 24, 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 64 million in the third quarter of 2024, compared to NOK 68 million in the same period of 2023. In the first nine months of 2024 net interest income amounted to NOK 208 million, compared to NOK 187 million in the first nine months of 2023. The increase in net interest income was mainly due to higher NIBOR rates. The profit in the first nine months of 2024 was NOK 116 million, compared to NOK 133 million in the same period of 2023.
Total assets amounted to NOK 5.6 billion at September 30, 2024, compared to NOK 7.6 billion at December 31, 2023 and NOK 7.9 billion at September 30, 2023.
The core capital adequacy ratio was 224 percent at September 30, 2024, compared to 170 percent at December 31, 2023 and 171 percent at September 30, 2023.
On September 30, 2024 Eksportfinans had liquidity reserves totaling NOK 3.9 billion.
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 liquidity reserve 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.