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Korporacja Ubezpieczén Kredytów Eksportowych (KUKE) | Export Credit Agency (ECA) in Poland

Export Finance and Insurance Corporation

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Korporacja 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)

https://youtu.be/9MjO9pY1C-8

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

What types of products and services does Korporacja Ubezpieczén Kredytów Eksportowych (KUKE) offer in Poland?

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
History of Korporacja Ubezpieczén Kredytów Eksportowych (KUKE)

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

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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 jurisdictions they’re operating in

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here.

logo-pl POLAND

Key Stats

Name:

Korporacja Ubezpieczén Kredytów Eksportowych (KUKE)

Poland:

Poland

Description:

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 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 Insure 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.

CEO Information:

Janusz Władyczak Korporacja Ubezpieczén Kredytów Eksportowych (KUKE) CEO

Founded:

1991

Employees:

100

Government:

Polish Government

Company Number:

Registration number here

Address:

ul. Sienna 39 00-121 Warszawa

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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