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Export Credit Insurance Organisation | Export Credit Agency (ECA) in Greece

Export Finance and Insurance Corporation

Export Credit Insurance Organisation | Export Credit Agency (ECA) in Greece

The Export Credit Insurance Organization (OAEP) was established in 1988 as NIPI, administered by 7 members of the Board of Directors. is not subsidized by the state budget and supervised by the Ministry of Economy and Development.

It is one of about 70 Export Credit Insurance Organizations in the international terminology of ECAs (Export Credit Agencies) existing and operating worldwide and as a member of the Berne Union.

Object of the A safeguard of Export Credit and aims to be a key factor enhancing the extrovert entrepreneurship and improving the competitiveness of Greek export business and thus the development of the Greek economy.

Aiming to promote and meet the needs of each export operation, the OAEP provides high value credit insurance services while funding through simple procedures, tailored to the needs of Greek exports, especially of SMEs.

With strong equity, strong reinsurance contracts and a € 1.47 billion state guarantee to cover political risks, it has the power to perform its work with complete consistency

A summary of Export Credit Insurance Organisation

Export Credit Insurance Organisation – Benefits of using an ECA in Greece

  •  Short term export credit insurance
  •  Long term export credit insurance
  •  Technical Assurance programs

What types of products and services does Export Credit Insurance Organisation offer in Greece?

ECIO provides insurance against commercial and political risks of non-payment. The export credits granted by Greek exporters are available to foreign buyers abroad.

  •  Short term export credit insurance
  •  Long term export credit insurance
  •  Construction works insurance schemes
  •  Buyer’s credit insurance scheme
  •  Overseas investments insurance schemes

The Export Credit Insurance Organization (OAEP) was established in 1988 as NIPI, administered by 7 members of the Board of Directors. is not subsidized by the state budget and supervised by the Ministry of Economy and Development.

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Greece ECA

Key Stats

Name:

Export Credit Insurance Organisation

Country:

GREECE

Description:

Exporters all over the world face α dual problem on a daily basis: Finding buyers abroad to sell their products and making sure they are paid for the goods they export on credit terms. The Export Credit Insurance Organization (ECIO) was established by L.1796/1988, it is an autonomous legal entity in private law, it is a non-profit Organization which is governed by α 9-member Board of Directors, it is supervised by the Ministry of Economy, Infrastructure, Shipping & Tourism, while its State Guarantee Capital amounts today to 1.47 billion euros.

CEO Information:

Grigoris Moustafis Export Credit Insurance Organisation CEO

Founded:

1988

Employees:

240

Government:

Government backing this type of ECA

Company Number:

Registration number here

Address:

57 Panepistimiou Athens, 10564 Greece

About the Author

Trade Finance Global (TFG) assists companies with raising debt finance. While we can access many traditional forms of finance, we specialise in alternative finance and complex funding solutions related to international trade. We help companies to raise finance in ways that is sometimes out of reach for mainstream lenders.

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