Export Credit Greece (ECG)
Last updated on 18 Feb 2024
Key facts
ECA whose mission is to support Greek enterprises engaged in international transactions and investments, by providing the Greek exporter with credit insurance, guarantees, and financing. Formerly known as ECIO.
PUBLIC
1988
Credit rating (Fitch)
BBB-
BBB-
Foreign currency
Local currency
Country trade data
2021 top export sectors
Fuels
28%
Metals
12%
Chemicals
11%
Machinery/electrical
9%
Food products
8%
2023 export destinations
Financing modalities
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95%
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Products
- Selective risk insurance: Insures one or more individual invoices
- Whole turnover policy: Insures whole turnover of Greek exporter
- Pricing according to the risk of each country and the payment terms
- Coverage of up to 95% to selected foreign buyers
- Pricing according to the risk of each country and the payment terms
- Information will be forthcoming from the ECA
- Export Credit Greece, in close cooperation with a number of Greek banks, through the “Extroversion” program, strengthens the liquidity of Greek exporters by financing their insured invoices
- Direct Financing: 80% discount of the value of the invoices insured in Export Credit Greece
- Financial Amount: up to EUR 1,000,000 (revolving)
- Tenor: from 1 to 4 months
News
- 2023: ECG will organize the Prague Club Biennial Meeting of Berne Union in Athens in 2024
- 2023: Export Credit Greece signed a memorandum of cooperation with the Polish counterpart agency, KUKE
