The Development Bank finances projects aimed at purchasing foreign goods and services through attracting foreign credit lines under insurance coverage of Export Credit Agencies (ECA).
These are tied credits that are granted for payment of 85% of the cost of import contracts.
Successful experience of cooperation with such leading foreign banks and ECAs as Commerzbank AG (Germany), AKA Bank (Germany), VUB BANKA (Slovakia), Intesa Sanpaolo (Italy), ABN AMRO BANK N.V. (the Netherlands), VTB Bank (Austria, Germany, France), EXIM Bank (Hungary), BGK (Poland), Euler Hermes, SACE, COFACE, KUKE and others suggests a promising outlook for development of the given business area and allows to meet the clients’ demand for financing of foreign trade transactions.
Advantages of financing under ECA insurance coverage:
lower cost of financing;
long terms of financing;
grace period for loan repayment ;
possibility of minimizing currency risks related to import contracts;
qualified expert assistance in structuring of trade financing deals.