Finveram warns of 2020 loss due to coronavirus

HELSINKI, July 1 (Reuters, Helsinki, 1 July 2020) Finland’s export credit and financing agency Finnvera warned on Wednesday of a loss for 2020, citing expected credit losses due to the spread of the new coronavirus. “The coronavirus pandemic causes exceptional uncertainty in the outlook,” Finnvera said in a statement. In 2018 and 2019 Finnvera reported an annual operating profit of 100 million euros ($112 million).