Table 2. EU ECAs active in 2019

Country

Name and status of the ECA

Austria

Oesterreichische Kontrollbank AG (OeKB) acts as ECA on behalf and for the account of the Republic of Austria within the Export Guarantees Act.

Belgium

Credendo, the ECA, is an autonomous public financial institution with legal personality and guaranteed by the Belgian State.

Bulgaria

Bulgarian Export Insurance Agency (BAEZ) is the national ECA, with sole shareholder the Republic of Bulgaria.

Croatia

Croatian Bank for Reconstruction and Development (HBOR) acts as the national ECA and provides export credit insurance for account and on behalf of Republic of Croatia.

Czech Repulic

Export Guarantee and Insurance Corporation (EGAP), a specialised state-owned credit insurance company, and Czech Export Bank (CEB), a specialised bank which is a joint-stock company owned by the Czech state, both act as ECA and provide different programmes (banking and insurance products).

Denmark

Eksport Kredit Fonden (EKF), Denmark's ECA, is an independent public company owned and guaranteed by the Danish State.

Estonia

Aktsiaselts KredEx Krediidikindlustus is an insurance company acting as ECA on behalf of the Republic of Estonia and for its account as its agent on the basis of State Export Guarantees Act.

Finland

Finnvera Plc is the national ECA, a specialised financing company owned by the State of Finland.

France

Bpifrance Assurance Export is a branch of a public investment bank (Bpifrance SA) and manages State guarantees in the name, on behalf and under the control of the French State.

Germany

The Federal Government bears the budgetary responsibility for the export credit guarantee scheme. It is managed on behalf of the Federal Republic of Germany by Euler Hermes Aktiengesellschaft (an insurance company) as mandatary of the Federal Government.

Hungary

Hungarian Export-Import Bank Plc. (Eximbank) is a specialised state-owned bank. Hungarian Export Credit Insurance Plc. (MEHIB) is a specialised state-owned credit insurance company. The bank and the insurer operate within an integrated framework and act as ECA through complementary programmes.

Italy

SACE, a state-owned joint stock company (100% owned by Cassa Depositi e Prestiti), and SIMEST, a joint stock company controlled by Cassa Depositi e Prestiti through SACE, both act as ECA. Under officially supported export credit programs, SACE provides mainly guarantees and insurances and SIMEST buyers and supplier credits. They also offer a range of non-export credit products.

Luxemburg

Office du Ducroire (ODL) is the ECA, a public institution operating with the guarantee of the State.

The Netherlands

Atradius Dutch State Business is the ECA of the Dutch government. It performs export credits insurance agreements and guarantees that the Minister of Finance enters/issues, representing the Dutch State.

Poland

KUKE is a joint-stock company with the dominant share of the State Treasury. KUKE was mandated by the Act of 7 July 1994 to administer export credits pure cover scheme.