Until November 2011, Eksportfinans specialized in providing financing to the Norwegian export industry. In the years preceding November 18, 2011, the majority of loans were granted to projects within the oil & gas and maritime sectors. All loans given by Eksportfinans are secured by guarantees from either GIEK (The Norwegian Guarantee Institute for Export Credits) and / or highly rated banks and/or similar security arrangements.
Eksportfinans provided officially supported loans to the Norwegian export sector from 1978 to 2011 by virtue of a special arrangement with the Norwegian Government. A new state-owned entity, Export Credit Norway was set up for this purpose on July 1, 2012. Consequently, Eksportfinans is not granting new loans, but continues to manage its existing portfolio of loans and in this process provides a range of services to borrowers as part of the loan administration process.