September 26, 2017 4:09 AM ET

Diversified Financial Services

Company Overview of Eksportfinans ASA

Company Overview

Eksportfinans ASA manages a portfolio of government supported and market-based export credits in Norway, other European countries, the Americas, and internationally. The company operates through three segments: Export Lending, Municipal Lending, and Securities. It offers export-related loan portfolio consisting of contract financing, such as supplier and buyer credits, and project financing; financing of international and export related activities; and acquisition of loans from banks. The company also provides long-term financing of Norwegian local governments. Eksportfinans ASA was founded in 1962 and is headquartered in Oslo, Norway.

Dronning Mauds gate 15

PO Box 1601 Vika

Oslo,  0119

Norway

Founded in 1962

29 Employees

Phone:

47 22 01 22 01

Fax:

47 22 01 22 02

Key Executives for Eksportfinans ASA

Chief Executive Officer & President
Age: 65
Executive VP - Financial Control & Internal Bank & CFO
Age: 51
Head of Operations
Executive VP, Director of Legal & Compliance and General Counsel
Age: 71
Executive VP, Director of Staff & Secretary
Age: 53
Compensation as of Fiscal Year 2017.

Eksportfinans ASA Key Developments

Eksportfinans ASA Announces Unaudited Earnings Results for the Second Quarter and First Half Year Ended June 30, 2017; Provides Earnings Guidance for the Second Half Year of 2017

Eksportfinans ASA announced unaudited earnings results for the second quarter and first half year ended June 30, 2017. For the quarter, the company reported net interest income of NOK 52 million against NOK 56 million a year ago. The decrease was mainly due to the reduction of interest generating assets. Total operating loss was NOK 45 million against NOK 161 million a year ago. Pre-tax operating loss was NOK 81 million against NOK 194 million a year ago. Loss for the period was NOK 61 million against NOK 86 million a year ago. Negative return on equity was 3.5% against 4.6% a year ago. For the six months, the company reported net interest income of NOK 114 million against NOK 132 million a year ago. The reduction is primarily due to a lower level of interest generating assets. Total operating loss was NOK 214 million against NOK 152 million a year ago. Pre-tax operating loss was NOK 284 million against NOK 219 million a year ago. Loss for the period was NOK 213 million against NOK 104 million a year ago. Net cash flow from operating activities was NOK 5,784 million against NOK 20,939 million a year ago. Negative return on equity was 6.1% against 2.8% a year ago. The board expects continued stable operations, and decreasing net interest income due to further reductions of interest generating assets in the second half-year of 2017.

Eksportfinans ASA Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017

Eksportfinans ASA reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, net interest income was NOK 62 million against NOK 76 million a year ago. Total comprehensive loss was NOK 152 million against NOK 18 million a year ago. Return on equity was negative 8.7% against negative 1.0% a year ago. Pre-tax operating loss was NOK 203 million against NOK 25 million a year ago. Net cash flow from operating activities was NOK 242 million against NOK 196 million a year ago.

Eksportfinans ASA, Annual General Meeting, Apr 06, 2017

Eksportfinans ASA, Annual General Meeting, Apr 06, 2017. Agenda: To consider the annual financial report for 2016 along with the board's proposal not to pay dividends for the fiscal year 2016; to consider the re-election of board of directors, with the exception of Board member, Marianne Heien Blystad; and to consider the election of Toril Eidesvik as new board member.

Similar Private Companies By Industry

Company Name Region
Brage Finans AS Europe
Caretaker Asa Europe
CG Holding AS Europe
Dialog Finansrådgivning AS Europe
Dyvi Holding AS Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Tax Management Inc United States
Bertelsmann AG Europe

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Eksportfinans ASA, please visit www.eksportfinans.no. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.