In July 2023, the Export Credit Agency (ECA) set a new milestone in supporting Ukrainian exporters by insuring their obligations under loans issued for the execution of foreign economic contracts totaling UAH 1.035 billion. According to the ECA website, the amount of financing provided amounted to UAH 85.9 million.
Among the insured loans in July 2023, almost UAH 80 million were portfolio loans. The largest of them were issued in Kyiv (UAH 20 million), Ivano-Frankivsk (UAH 19.9 million), and Dnipro (UAH 19.4 million) regions.
It is also noted that as of August 1, 2023, the ECA supported exports of more than UAH 6.2 billion by insuring loan agreements in the amount of UAH 815.4 million.
The leaders in terms of the amount of insured loans are Oschadbank (UAH 256.3 million), Ukrgasbank (UAH 229 million) and Raiffeisen Bank (UAH 210 million). They are also the first in terms of the volume of supported exports (UAH 3.22 billion, UAH 1.51 billion and UAH 0.6 billion, respectively).
PJSC Export Credit Agency is a government-authorized agency that supports and promotes the export of Ukrainian goods (works, services). The ECA protects Ukrainian exporters from the risk of non-payment and financial losses associated with the fulfillment of foreign trade contracts.
