Portfolio Insurance of Pre-Export Financing by the ECA Has Already Supported Exports by UAH 188 Million
15.08.2022 | 11:04“Ukraine’s export industry perhaps suffered the most as a result of the full-scale war started by russia. Exporters faced a number of difficulties, such as logistics complications as well as access to credit financing. Therefore, the Government restarted the Export Credit Agency to provide Ukrainian manufacturers with the opportunity to receive funds and supply goods abroad. Currently, exporters can borrow up to UAH 20 million at a beneficial interest rate under the “5-7-9%” program. In order to encourage banks to enter into such credit agreements, the state guarantees the repayment of 85% of the funds if the manufacturer does not fulfill its credit obligations. Thus, we support the export of Ukrainian products and ensure foreign currency inflows to the country,” said Taras Kachka, Deputy Minister of Economy – Trade Representative of Ukraine.
Currently, Ukrainian entrepreneurs can register credits under the ECA insurance at Oschadbank JSC, Ukrgasbank JSC and Ukreximbank JSC. Tascombank JSC will also soon provide such a service.
Exporters can apply for crediting through the Diia.Business portal.
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