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EKF Danmarks Eksport Kredit (EKF) | Export Credit Agency (ECA) in Denmark

Export Credit Agency (ECA) in Denmark

EKF Danmarks Eksport Kredit (EKF) | Export Credit Agency (ECA) in Denmark

About EKF Danmarks Eksport Kredit

The main goal of EKF is to make it easier for Danish companies to win orders abroad, finance their growth plans and minimize the risk of doing business in distant markets.

The majority of EKF’s activities are in climate-related exports, and green projects accounted for just over 70% of EKF’s exposure in the year 2020.

That makes EKF one of the greenest export credit agencies in the world.

In the future, EKF will actively contribute to the transition of industries with a strong carbon footprint and cooperate with energy-intensive companies on their green transition.

Through the company’s climate policy, the organization is committed to a net-zero emission target by 2045.

EKF Danmarks Eksport Kredit – Benefits of using an ECA in Denmark

EKF supports both large and small Danish companies with export financing and risk mitigation. EKF’s solutions can help companies win orders, increase their working capital, and minimize risk.

Products and services offered by EKF Danmarks Eksport Kredit

EKF assists international businesses from first contact with the customer until the last instalment is paid.

Together with the companies, EKF works to:

  •   Win more orders with financing for the company’s buyer
  •   Realize the company’s growth plans
  •   Protect the company’s exports against loss.

EKF’s products:

Guarantees:

  •   SME Guarantee
  •   Buyer Credit Guarantee
  •   Supplier Credit Guarantee
  •   Financing Guarantee
  •   Project Financing Guarantee
  •   Contract Guarantee
  •   Bond Guarantee
  •   Investment Guarantee
  •   L/C Guarantee
  •   Shopping Line
  •   Operating Lease Guarantee
  •   Reinsurance

Capital Guarantees:

  •   Working Capital Guarantee
  •   Capital Expenditure Guarantee

Funding:

  • Export Loan

History of EKF Danmarks Eksport Kredit

In the last 100 years, Danish export credit has had an exciting and challenging development from a secretariat in the Ministry of Trade to today being a state-owned independent company with 180 employees. When Denmark established an export credit agency in 1922, Denmark is the third country in the world to have an export credit agency.

Several organizational changes have been necessary over the years. For the last 100 years, however, the state-owned export credit has only been organized in two ways, but several different names have been used. From its establishment until 1999, the export credit service was a government entity organized under first the Ministry of Trade and later the Ministry of Industry and the Ministry of Business. In 1999, the organization changed radically, as the export credit agency became a state-owned independent company as it is today.

Over the years, many solutions and products have been offered to Danish exporters and banks. However, two activities have been most important. Risk coverage by a foreign buyer and/or bank of timely payment as well as a state guarantee to Danish banks for loans to promote exports.

Raw Materials – From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio

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Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished

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Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals

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Are you an exporter based in Denmark?

See our TFG Denmark Imports guide here .

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Key Stats

Name:

EKF Danmarks Eksport Kredit

Country:

Denmark, Europe

CEO:

Peder Lundquist

Founded:

1922

Employees:

180

Government:

Ministry of Industry, Business and Financial Affairs

Company Number:

+45 35 46 26 00

Address:

Lautrupsgade 11 2100 København Ø

Email Address:

ekf@ekf.dk

About the Author

Elcyn Domingo is responsible for the TFG Weekly Trade Briefings at Trade Finance Global.

She holds a Bachelor of Science degree in Information and Technology and is passionate about how SMEs can use new technologies to overcome challenges for business growth, with regard to both digital and sustainable models for trade.

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