Sense Bank has started cooperation with Export Credit Agency (ECA), which opened an opportunity for exporters to get loans under the insurance coverage of the agency without providing collateral, the press service of the bank said.
According to the information, the new model of interaction provides ESA insurance of risks on export credits, which allows financing foreign trade contracts even in the absence of sufficient collateral on the part of the client. Insurance coverage reduces non-repayment risks for the bank and makes financing available to more Ukrainian exporters.
Sense Bank notes that such support is key in wartime conditions, when businesses face limited access to liquidity and external markets. Export credit insurance provides repayment guarantees, allowing companies to fulfill contracts and maintain their position in international markets.
“Sense Bank continues to expand the range of financial instruments to support Ukrainian businesses. Cooperation with ESA is a strategic investment in the country’s economic sustainability,” said Andrey Sokolov, member of the bank’s Board of Directors.
Ruslan Gashev, Head of the ESA Board, emphasized that the agency is committed to empowering Ukrainian companies despite difficult circumstances. “Even in the most difficult conditions Ukrainian business demonstrates strength. Together with Sense Bank we create opportunities for it to grow – providing trust, financial protection and access to new markets without unnecessary barriers,” he said.
On June 19, the Export Credit Agency (ECA) announced a tender for voluntary insurance of motor vehicles (CASCO), according to the state procurement system Prozorro. The expected cost of purchasing the services is UAH 50 thousand. The deadline for submission of documents is June 28, 2025.
The Export Credit Agency of Ukraine (ECA) is a state institution that supports non-resource exports by insuring the risks of enterprises and banks. The agency insures foreign economic contracts, export credits, bank guarantees, and investment loans against military risks.
Creditwest Bank (Kyiv) and the Export Credit Agency (ECA) have signed a cooperation agreement to stimulate the export of Ukrainian-made goods, the bank’s press service said on Wednesday.
According to the report, the agreement provides for Creditwest Bank’s participation in ECA’s Export Risks Insurance program, within which the agency undertakes insurance of risks under export contracts financed by the bank.
Through the appropriate program Ukrainian companies will be able to attract loans for the implementation of export contracts.
The bank said that the largest loan amount under the program is UAH 2.5 million. The loan term is up to one year. The amount of insurance compensation is set at 85% of the loan amount.
According to the report, the corresponding agreement provides for the use of accelerated procedures for considering applications from the bank by the Export Credit Agency.
The approximate ECA insurance rate will be 1.2% of the loan amount for loans for a period of up to six months, 1.6% – for a period of six to 12 months, depending on the coefficient of the buying country on the OECD scale.
CREDITWEST BANK, EXPORT, EXPORT CREDIT AGENCY, STIMULATE, UKRAINIAN GOODS
