The Ministry of Finance, in cooperation with the Ministry of Trade and Industry, decided yesterday afternoon to grant Eksportfinans another one year temporary exemption from EU's capital requirement directive.
The Ministry of Finance, in cooperation with the Ministry of Trade and Industry, decided yesterday afternoon to grant Eksportfinans another one year temporary exemption from EU's capital requirement directive (http://www.regjeringen.no/nb/dep/fin/aktuelt/nyheter/2011/continued-good-norwegian-export-financin.html?id=661293). When the decision was announced, the Ministers in charge of the matter emphasized that a permanent exemption at the expiration of the extended transitional period is not feasible.
Read Eksportfinans' press release here.