The Export Credit Agency (ECA) insured foreign economic contracts of 33 Ukrainian enterprises in January-April 2025, thus securing UAH 5.35 billion in future export revenues, according to the website of the Ministry of Economic Development and Trade.
It is emphasized that during the same period last year, the volume of supported exports amounted to 1.7 billion hryvnia.
“This growth indicates that businesses see the effectiveness of this protection tool. Insurance of export contracts has enabled manufacturers to reduce the risk of non-payment and gain access to bank financing. This helps companies scale up production and enter new markets,” said Deputy Minister of Economy of Ukraine Andriy Telyupa.
During this period, the most active exporters were companies from Lviv (UAH 1.37 billion), Khmelnytskyi (UAH 1.31 billion), and Volyn (UAH 1.12 billion) regions. Ukrainian companies exported furniture, food products, wood, wood products, and processed fruit and vegetables to Poland, the Netherlands, Lithuania, Estonia, the United Kingdom, and other countries.
The largest partners of the ECA among banks during this period were: Creditwest Bank – UAH 109 million in loans issued, Oschadbank – UAH 92.5 million, and Ukrgasbank – UAH 90 million.
The Export Credit Agency of Ukraine (ECA) is a state institution that supports non-raw material exports by insuring the risks of enterprises and banks. The agency insures foreign economic contracts, export credits, bank guarantees, and investment credits against military risks.
In January-March 2025, the Export Credit Agency (ECA) supported the exports of Ukrainian companies worth UAH 3.15 billion, with 20 exporters benefiting from the agency’s insurance coverage, the press service of the Ministry of Economy reports.
“In the first quarter, ECA insured exports worth more than UAH 3.1 billion. These are finished products with added value: furniture, food, packaging materials, wood and plastic products. Thanks to this support, 20 companies were able to secure their contracts and attract almost UAH 150 million in bank loans,” Deputy Minister of Economy Andriy Teliupa said in a press release.
He emphasized that this proves that state support tools are working: businesses receive protection, resources for expansion and confidently enter new markets.
The Ministry of Economy noted that Ukrainian companies will export furniture, food, paper, wood, and plastics to Poland, France, Germany, Bulgaria, Denmark, Hungary, the Netherlands, and other countries.
Thanks to ECA insurance, the business received bank loans worth almost UAH 150 million.
Raiffeisen Bank supported the exports of its ECA clients by UAH 1.3 billion, Creditwest Bank by UAH 1.26 billion, and Oschadbank by UAH 323 million.
Companies from Khmelnytsky region took advantage of the opportunity to insure export contracts most actively, with a total of UAH 1.3 billion, Volyn region – UAH 1.12 billion, and Zaporizhzhya region – UAH 230 million.
The Export Credit Agency of Ukraine (ECA) is a government agency that supports non-resource exports by insuring the risks of enterprises and banks. In particular, the agency insures foreign economic contracts, export credits, bank guarantees, and has started insuring investment credits against war risks.
In February 2025, the Export Credit Agency (ECA) supported UAH 478.6 million of exports by insuring export loans for Ukrainian producers in the amount of UAH 61.3 million and a foreign trade agreement worth UAH 49.4 million.
According to the ECA website, seven exporters used its services, with Oschadbank providing UAH 51.3 million in financing (UAH 298.5 million of supported exports) and Kredobank providing UAH 10 million (UAH 130.65 million of exports).
This time, the leading regions were Zaporizhzhia (UAH 230.4 million of future export revenue), Ternopil (UAH 130.65 million), and Chernihiv (UAH 41.6 million).
These businesses produce and export paper and cardboard, plastics and polymeric materials, land transport vehicles, and various food products to France, Romania, Uzbekistan, India, and Estonia.
The Export Credit Agency was established to stimulate the export of goods (works, services) of Ukrainian origin and support Ukrainian resident exporters by providing insurance, reinsurance, and guarantees under contracts that ensure export development. On January 7, 2023, the National Bank of Ukraine was authorized to regulate the activities of the ECA.
The Export Credit Agency (ECA) supported UAH 1.31 billion of Ukrainian exports in January 2025, which is twice as much as in the entire first quarter of 2024, First Vice Prime Minister and Minister of Economy Yulia Svyrydenko said.
“One of the key areas of the ‘Made in Ukraine’ policy is to support and develop non-resource exports. Thanks to cooperation with the ECA, Ukrainian exporters reduce their risks and get the opportunity to get cheaper loans, and thus increase sales abroad.
It is important that such cooperation is expanding, and each hryvnia of insurance liability is converted into almost UAH 14 of future export revenue,” the press service of the Ministry of Economy quoted her as saying.
The ministry noted that in the first month of 2025, export credits in the ECA were insured by Creditwestbank, FUIB, and Oschadbank. Entrepreneurs from Khmelnytskyi and Zaporizhzhia regions and the city of Kyiv used this opportunity most often.
These companies produce furniture, ready-made grain and flour products, alcoholic and non-alcoholic beverages, and dairy products. Their products are exported to 17 countries, including Bulgaria, Denmark, Germany, Hungary, the United Arab Emirates, and Romania, the Ministry of Economy added.
As reported, in 2024, the ECA supported UAH 7.53 billion of Ukrainian exports. The tools of the Export Credit Agency of Ukraine are one of the elements of the “Made in Ukraine” policy. Its goal is to support non-resource exports, develop production and attract investment in the real sector.
In 2024, the Export Credit Agency (ECA) supported 69 exporters by insuring their foreign trade agreements, loans for the execution of such agreements, and investment loans for UAH 1 billion, according to the agency’s website.
Thus, the supported exports amounted to UAH 7.53 billion, and one hryvnia of ECA’s liability brought UAH 7.52 of future export revenue.
ECA’s clients operate in 19 regions of Ukraine, among which the leaders in terms of exports were: Kyiv (UAH 3.8 billion of export revenue), Lviv region (UAH 1.25 billion) and Vinnytsia region (UAH 703 million).
Nine banks are helping exporters, together with the ECA, to safely expand their business geography. Ukrgasbank financed UGB the most – UAH 374.67 million (UAH 2.9 billion of supported exports), Oschadbank – UAH 208 million (UAH 629 million), and FUIB – UAH 131 million of loans (UAH 1.78 billion of supported exports).
The ECA also reports that during the year it introduced new products to protect investors from military risks and concluded the first such agreements, supporting UAH 137.6 million of investments.
The ECA also insured a bank guarantee for the performance of work by a Ukrainian contractor in Poland for the first time.
In 2024, ECA became a full member of the Berne Union, an international organization that brings together export credit agencies and promotes international trade.
“This opens up new opportunities for cooperation with international partners and raising our export risk insurance standards and improving insurance products,” the agency explained.
In cooperation with the World Bank, ECA developed a draft five-year strategy for the company and adopted it, which was one of Ukraine’s commitments to the IMF. The task was completed five months ahead of schedule.
In addition, ECA was the first state-owned company to approve its strategy by a decision of the Supervisory Board in accordance with updated corporate governance standards.
The report also notes that in 2025, the main tasks of the ESA will be, in particular, to expand the possibilities of insuring foreign trade contracts, increase the volume of support for foreign economic contracts, and the amount of investment finance insurance. Another priority will be the launch of a loan insurance compensation program aimed at supporting small and medium-sized businesses. The actual reduction in the cost of insurance will contribute to an increase in the number of exporters who want to receive additional protection for their business, explains ECA. And by addressing the lack of capital, ECA will be able to support more businesses and implement larger projects.
In December 2024, the Export Credit Agency (ECA) supported UAH 311.47 million of exports, bringing the total to UAH 7.5 billion since the beginning of the year.
According to the ECA website, the largest number of loans for exporters in December were issued and insured by Vostok Bank (UAH 175 million), Ukreximbank (UAH 43.8 million), and PrivatBank (UAH 40.7 million).
Entrepreneurs in Odesa region (UAH 174.8 million), Dnipropetrovs’k region (UAH 174.8 million), and Zakarpattia region (UAH 43.8 million) were the most active users of ECA services.
In December, Ukrainian exporters planned to trade with Latvia, Poland, and Uzbekistan the most: they will supply grain and flour products, paper and cardboard products, and toys.
In December, the ECA insured a bank guarantee for exports of services for the first time. It was provided by Ukreximbank to the Ukrainian company C.E. Industry Group, which won a tender for the repair of mining equipment of the Polish state-owned company Polska Grupa Górnicza S.A. The contract amount is UAH 43.78 million (PLN 4.25 million), the guarantee amount is UAH 17 million, and the validity period is 13 months.
The Export Credit Agency was established to stimulate the export of goods (works, services) of Ukrainian origin and support exporters-residents of Ukraine through insurance, reinsurance, and guarantees under security contracts for export development. On January 7, 2023, the National Bank of Ukraine was authorized to regulate the activities of the ECA.
