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United KingdomKorporacja Ubezpieczén Kredytów Eksportowych (KUKE) | Export Credit Agency (ECA) in Poland
We are a Polish company. Our shareholders are the State Treasury represented by the Prime Minister and Bank Gospodarstwa Krajowego. We are also part of the Group of the Polish Development Fund – financial and advisory institutions for entrepreneurs, local governments and private persons, whose goal is investments supporting the sustainable social and economic development of the country.
As the only insurer in Poland, we have the right to offer export insurance guaranteed by the State Treasury, which ensure security in trade on high-risk political markets.
As the only company in the country, we ensure long-term export projects of an investment nature, financed with a loan with a repayment period of two or more years.
We make it easier for companies to access external financing. Our factoring company KUKE Finance SA finances foreign and domestic receivables under all types of factoring available on the market – with particular emphasis on full factoring, that is, taking over the counterparty’s insolvency risk.
A summary of Korporacja Ubezpieczén Kredytów Eksportowych (KUKE)
Summary video of Korporacja Ubezpieczén Kredytów Eksportowych (KUKE) and how it operates in Poland.
In 2017, Export Credit Insurance Corporation S.A. (KUKE) recorded a record gross premium amounting to PLN 192 million – nearly PLN 45 million more than in 2011.
Korporacja Ubezpieczén Kredytów Eksportowych (KUKE) – Benefits of using an ECA in Country
- Insurance Claims
- Insurance Guarantees
- Financing via loans
With the backing of the Polish State Treasury, KUKE has been insuring Polish commercial transactions and exports since 1991.
- Insurance Claims
- Insurance Guarantees
- Security for a bank loan
The company was established in 1991 and insures commercial transactions of Polish entrepreneurs in contacts with Polish and foreign recipients. As the only company in Poland, it conducts export insurance guaranteed by the State Treasury, ensuring security in trading on high-risk markets.
KUKE operates under the Act of 11 September 2015 on insurance and reinsurance activities [2] and the Act of 7 July 1994 on export insurance guaranteed by the State Treasury [3].
KUKE operates in the form of a joint-stock company. The company’s shareholders are the State Treasury represented by the Minister of Development (63.31%) and the state Bank Gospodarstwa Krajowego (36.69%) [1].
In March 2014, the KUKE FINANCE factoring company was established by the Export Credit Insurance Corporation, whose main objective is to help finance domestic and foreign receivables within all types of factoring available on the market.
Cars and Vehicles – One of the biggest exports globally, we’re experts in trading automobiles, working with car dealerships and fleet management services
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
Soft Commodities / Grains – We’ll work with traders and producers to help them increase their trade flows in the jurisdictions they’re operating in
here.
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