Estonia, Financial Services, Loan, Markets and Companies

Since being founded in 2000, KredEx has earned a profit of 6.2 million euros altogether.

KredEx's gross income from main activities fell by 6.1% to 6.1 mln euros in 2014. Reserves to cover losses were formed in 2014 for a total of 1.8 million euros (In 2013, 2.3 million). A total of 3.1 million euros of damages was paid during the year 2014 (in 2013, 2.5 million), most of which was damages from business loans guarantees. Over the course of its activities, KredEx has paid damages in the amount of 25.3 million euros.

At the end of 2014, KredEx's foundation capital formed 71.8 million, total assets 176.5 million euros and total guarantee portfolio 168.3 million euros.

KredEx is a state-owned financial institution that helps improve the financing of enterprises in Estonia, reduces credit risks and enables people to build or renovate their home.