The Buyer Credit Guarantee for Export-related Investments in Norway is suitable for long-term investments in all types of industries.
Companies can receive long-term financing from banks for investments in export-related production capacity in Norway.
Banks can utilise partial repayment guarantee to expand lending to their customers.
Who can apply?
The bank applies for the guarantee from GIEK.
When to apply?
The bank must approve the creditworthiness of the borrower (the exporter).
What investments can be financed?
The guarantee can be given to any bank that finances export-related investments in Norway. Both exporters and subcontractors to exporters can be supported.
The guarantees can cover both investment in fixed assets and in services. The product is intended to help industrial restructuring and diversification and is thus not applicable to oil and gas processing plants and offshore installations, nor real estate development or large infrastructure projects.
It is a requirement that the investment trigger export. The investment must lead to revenue that is directly or indirectly related to export. A minimum of 50 percent of the company’s revenue should come from export.
The guarantee is given on market terms, and GIEK shares the risk on equal terms with banks.
- Tenor will vary by sector with a maximum of 8.5 years.
- GIEK will normally cover 50 percent of the bank's risk.
Standard terms will apply pertaining to:
- Fulfilment of GIEK requirements regarding Norwegian share/Norwegian interest.
- Sustainability, environment and anti-corruption requirements (CSR).
Read more on the application process.
How does the guarantee work?
How much does it cost?
GIEK levy a guarantee premium equal to the bank's risk fee. Other applicable costs may be incurred.
How to apply?
FAQ about the application forms.