The Norwegian Guarantee Institute for Export Credits is a Norwegian government agency.

It was established in 1960 with the purpose of granting guarantees for Norwegian export companies. It was a state aid to exporters who ran possible commercial risks or political risk

Political risk

Political risk is a type of risk faced by investors, corporations, and governments. It is a risk that can be understood and managed with reasoned foresight and investment....

s. Organizationally, it is subordinate to the Norwegian Ministry of Trade and Industry

Norwegian Ministry of Trade and Industry

The Royal Norwegian Ministry of Trade and Industry is a Norwegian ministry responsible for business, trade and industry. It is led by Trond Giske . The department must report to the legislature, Storting.-History:The Norwegian Ministry of Trade, Shipping, Industry, Craft and Fisheries was created...

, and the director is Wenche Nistad

Wenche Nistad

Wenche Karin Nistad is a Norwegian businessperson and civil servant.She hails from Sande i Sunnfjord. She took her siv.øk. degree at the Norwegian School of Economics and Business Administration in 1976, and worked in Norsk Elektrisk & Brown Boveri from 1976 to 1984. She was the director of Bergen...

. The board of directors elected in 2009 consists of Bjørn Kaldhol (chair), Malin Stensønes, Jon Lund, Christine Rødsæther, Hans Petter Aas, Arve Bakke

Arve Bakke

Arve Bakke is the leader of Fellesforbundet.Bakke succeeded Kjell Bjørndalen as leader of Fellesforbundet in 2007. Previously he was second deputy leader from 2002 to 2003 and first deputy leader from 2003 to 2007....

 and Mai-Lill Ibsen. The headquarters are in Vika, Oslo

Vika, Oslo

Vika is a neighborhood in the borough Frogner in Oslo, Norway. It is located between the Oslofjord, Aker Brygge, Pipervika, Slottsparken and Oslo City Hall....

.