Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


April 21, 2015 4:23 PM ET

Diversified Financial Services

Company Overview of Eksportfinans ASA

Company Overview

Eksportfinans ASA provides long-term financing services for the Norwegian export sector in Norway, other European countries, the Americas, and internationally. It manages a portfolio of government supported and market-based export credits. The company provides loans to the oil and gas and maritime sectors; municipal sector; and renewable energy, environmental protection, and infrastructure sectors, as well as offers loan administration services. 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

48 Employees

Phone:

47 22 01 22 01

Fax:

47 22 01 22 02

Key Executives for Eksportfinans ASA

Chief Executive Officer, President and Chairman of Credit Committee
Age: 62
Chief Financial Officer and Executive Vice President
Age: 48
Executive Vice President, Director of Legal & Compliance and General Counsel
Age: 68
Executive Vice President, Director of Staff and Secretary
Age: 50
Executive Vice President and Director of Risk Management
Age: 56
Compensation as of Fiscal Year 2014.

Eksportfinans ASA Key Developments

Eksportfinans ASA, Annual General Meeting, Apr 16, 2015

Eksportfinans ASA, Annual General Meeting, Apr 16, 2015.

Eksportfinans ASA to Report Fiscal Year 2014 Results on Apr 16, 2015

Eksportfinans ASA announced that they will report fiscal year 2014 results on Apr 16, 2015

Eksportfinans ASA Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Eksportfinans ASA reported unaudited consolidated earnings results for the fourth quarter and audited consolidated earnings results for the year ended December 31, 2014. For the quarter, the company reported interest and related income of NOK 525 million compared to NOK 667 million a year ago. Net interest income was NOK 120 million compared to NOK 172 million a year ago. Total operating income was NOK 120 million compared to total operating loss of NOK 2,268 million a year ago. Pre-tax operating loss was NOK 23 million compared to NOK 2,334 million a year ago. Loss for the period was NOK 74 million compared to NOK 1,603 million a year ago. Negative return on equity was 4.9% compared to 50.2% a year ago. Net return on average assets and liabilities was 0.42% compared to 0.54% a year ago. For the year, net interest income was NOK 461 million for 2014, compared to NOK 697 million for 2013. The change was due to the lower level of interest generating assets combined with reduced margins on investments. Comprehensive income according to IFRS was negative NOK 4,314 million for 2014, compared to negative NOK 4,850 million for 2013. The negative figures were primarily due to the reversal of previously unrealized gains on Eksportfinans' own debt. Profit excluding unrealized gains and losses on financial instruments amounted to NOK 130 million in 2014, compared to NOK 566 million in 2013. The profit was affected by reduced net interest income and high pension expenses in 2014 as well as the significant positive income effect in 2013 due to an Icelandic High Court ruling in favor of Eksportfinans. Negative return on equity was 43.5% compared to 33.4% a year ago. Net return on average assets and liabilities was 0.36% compared to 0.46% a year ago. Purchases of fixed assets were NOK 18 million compared to NOK 24 million a year ago. Net cash flow from operating activities was NOK 22,253 million compared to NOK 49,692 million a year ago.

Similar Private Companies By Industry

Company Name Region
CG Holding AS Europe
MRT Micro ASA Europe
R.S. Platou Finans AS Europe
Kredittforeningen for Sparebanker Europe
Eksportfinans ASA Europe

Recent Private Companies Transactions

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

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
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Eksportfinans ASA, please visit www.eksportfinans.no. Company data is provided by Capital IQ. 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.