Finnvera Group: Interim Management Statement Report 2024

The Finnvera Group reported a cautiously positive outlook despite a decrease in financing, with an interim result of EUR 182 million for the first nine months of 2024. The result shows a 6% increase from the previous year supported by reversals of loss provisions, particularly in cruise shipping sectors.

The company's net interest income rose by 24%, while fee and commission income grew by 8%. However, there was a noticeable decline in domestic and export financing, highlighting a reduction in demand for larger projects.

Despite challenges, the Finnish economy shows signs of improvement, driven by the Helsinki Metropolitan Area and Lapland. Finnvera anticipates an increase in investment financing as demand continues to grow.

CEO Juuso Heinilä emphasized ongoing efforts to support small enterprises through micro-enterprise loans and to maintain strong partnerships to foster Finland's economic growth.