GIEK promotes Norwegian exports by issuing guarantees on behalf of the state.
Norwegian state guarantees represent a high degree of security for exporters and banks alike.
The guarantees are tailored to the needs of Norwegian exporters and foreign buyers, covering both political and commercial risk linked to loans issued by private or public financial institutions.
GIEK is a supplement to the private banking and financial market, and is required to break even in the long run.
[1] The board of directors elected in 2015 consists of Karin Bing Orgland (chair), Torfinn Kildal (deputy chair), John G. Bernander, Maria Borch Helsengreen, Marit E. Kirkhusmo, Arve Bakke and Nina Udnes Tronstad.