Institution details
IGA - Export Credit Agency Bosnia & Herzegovina (IGA)
Key facts
- Established in 1996
- Ownership: Public
Not Part of the OECD
Part of the Berne Union
- Hamdije Cemerlica 2/I
- +387 33 720 140 or +387 33 720 151
- https://www.iga.gov.ba
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | B |
Country rating | S&P | Local currency | B |
Products
- Short-term credit insurance
- Factoring
- Guarantees
Short-term credit insurance
Covers commercial risk of non-payment, financial deterioration, or bankruptcy of an international buyer. Premium is calculated and paid monthly on generated sales; if no sales occur within a month, no premium is due. A list of insured countries is available on its website.
Factoring
Provides discounted funds to Bosnian exporters. Payment terms of up to 120 days. Advance payment of receivables discounted at 80%–90% of invoice face value.
Guarantees
Guarantees to foreign buyers, and to support domestic construction, catering, and commercial companies in international tenders, including bonding for large contracts.
Guarantee modalities:
- Tender (bid), advance payment, retention, and performance bonds
- Bank guarantee for export-based finance
- Guarantee to Bosnian exporters to purchase raw materials and production equipment from overseas
Fees:
- Duration and credit rating of counterparty dictate pricing
- Fees paid after guarantee is approved
Modality | Tenor | Cover type | coverage |
---|---|---|---|
Insurance | Short-term | Commercial | <=90% |
Insurance | Short-term | Political | <=90% |
Guarantee | Short/medium/long-term | Comprehensive | 100% |