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Compañía Española de Seguros de Crédito a la Exportación (CESCE) | Export Credit Agency (ECA) in Spain

Export Credit Agency (ECA) in Spain

Trade Finance Global / Export Finance | The 2022 Ultimate Guide for Exporters | TFG Business Hub / Export Credit Agencies (ECAs) | ECA Finance / Compañía Española de Seguros de Crédito a la Exportación (CESCE) | Export Credit Agency (ECA) in Spain

Compañía Española de Seguros de Crédito a la Exportación (CESCE) | Export Credit Agency (ECA) in Spain

About Compañía Española de Seguros de Crédito a la Exportación

CESCE is the head of a group of companies that offers integrated solutions for commercial credit management in part of Europe and Latin America. CESCE is also the Spanish Export Credit Agency (ECA) that manages the export credit insurance on behalf of the State in Spain.

The risk rating agency Standard & Poor’s raised in 2018 the long-term rating of CESCE to A-, from BBB +, with a stable outlook

The risk rating agency considers that CESCE has a strong financial profile, based on solvency capital that exceeds the AAA, and high results.

S & P’s affirms that its outlook is stable, with an expectation of adequate competitive positioning and a moderately strong forecast of capital and revenues for the next two years. In addition, the risk rating agency highlights CESCE’s position in the national credit and surety market.

A summary of Compañía Española de Seguros de Crédito a la Exportación

Summary video of Compañía Española de Seguros de Crédito a la Exportación (CESCE) and how it operates in Spain.Enhancing its role as a Spanish Export Credit Agency and leading the contribution of commercial credit and surety management solutions are part of CESCE’s objectives through its 2020 strategic plan.

The company has focused its commitment on digitization, internationalization and support for SMEs.

“We have detected a demand for services from our companies in geographical areas where the Spanish company is very strong,” said CESCE president Jaime García-Legaz.

The commitment to small and medium enterprises is another key point “we can provide a high quality service to many companies that until now think that CESCE is a company that operates almost exclusively with the large Spanish company, it is not like that” García said. Legaz.

Products and services offered by Compañía Española de Seguros de Crédito a la Exportación (CESCE)

  • Risk Management
  • Insurance
  • Support for financing

History of Compañía Española de Seguros de Crédito a la Exportación

CESCE , Spanish Company of Export Credit Insurance, is a commercial risk management company present in 9 countries. It is the 4th World Group and the 2nd in Spain in credit and in bonds. It has 140,000 customers, 1.13 million risk limits in force, 24 commercial offices, 100 agents and 1,462 employees. 3 Member of UNESPA , Berne Union , ICISA , ALASECE and APFPASA . In turn, it owns Informa , 4 company of financial and commercial information. 5

In another area, CESCE is the ECA ( Export Credit Agency ) in charge in Spain of managing the Export Credit Insurance on behalf of the State. 6

It is majority owned by the State and by the main banking groups and Spanish insurance companies. 7

Apart from Spain , France and Portugal , it is present in Brazil , Chile , Colombia , Mexico , Peru and Venezuela ; through CIAC, 8 of which is the main shareholder, with 63.12%.

Cars and Vehicles – One of the biggest exports globally, we’re experts in trading automobiles, working with car dealerships and fleet management services

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Electronics – The circuit board, software and hardware markets have benefited huge growth as a result of consumer demand, find out about our electronics offering here

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Soft Commodities / Grains – We’ll work with traders and producers to help them increase their trade flows in the jurisdications they’re operating in

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Are you an exporter based in Spain?

See our TFG Spain Export guide here .

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Key Stats

Name:

Compañía Española de Seguros de Crédito a la Exportación (CESCE)

Country:

SPAIN

CEO Information:

Fernando Salazar Palma

Founded:

1970

Employees:

600

Government:

Government backing this type of ECA

Address:

CESCE, S.A.Calle Velázquez, no. 74 de Madrid (C.P. 28001)

About the Author

Deepesh Patel is Editorial Director at Trade Finance Global (TFG). In this role, Deepesh leads efforts in developing TFG’s brand, relationships and strategic direction in key markets, including the UK, US, Singapore, Dubai and Hong Kong.

Deepesh regularly chairs and speaks at international industry events with the WTO, BCR, Excred, TXF, The Economist and Reuters, as well as industry associations including ICC, FCI, ITFA and BAFT.

Deepesh is the host of the ‘Trade Finance Talks’ podcast and ‘Trade Finance Talks TV’. He is co-author of ‘Blockchain for Trade: A Reality Check’ with the ICC and the WTO, alongside other industry research.

In addition to his work at TFG, Deepesh is a Strategic Advisor for WOA, and works closely with ITFA. He also sits on the Fintech Working Group of the Standardised Trust.

Prior to TFG, Deepesh worked at Travelex where he was responsible for the cards business and the Travelex Money app in Europe, NAM, UK and Brazil. Deepesh is Chair of Governors and co-opted LA Governor of the Wyvern Federation, which has responsibility for 5 primary schools in South London.

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