Institution details
BAEZ - Bulgarian Export Insurance Agency (BAEZ)
Key facts
- Established in 1998
- Ownership: Public
Not Part of the OECD
Part of the Berne Union
- 55, Alexander Stamboliiski Blvd
- +359 2 923 69 11 /+359 2 923 69 17
- https://www.baez-bg.com
Latest update: 03/12/2021
| rating type | rating agency | type | rating |
|---|---|---|---|
| Institution rating | S&P | Foreign currency | BBB |
| Country rating | S&P | Local currency | BBB |
Products
- Supplier credit
- Other products
Supplier credit
Covers risk of non-payment under an export contract
Covers commercial and political risks. Insures bank principal and interest.
- Tenor: Deferred payments starting from up to 2 years and can exceed 5 years
- Premium: Linked to credit quality of the counterparty
- Approval period: 7 days for borrowers in Bulgaria, and 10–15 days for borrowers outside of Bulgaria
Other products
- Pre-shipment financing for exporters and lenders
- Post-shipment financing under export contracts or delivery in Bulgaria
- Overseas investment coverage
| Modality | Tenor | Cover type | coverage |
|---|---|---|---|
| Insurance | Short/medium/long-term | Comprehensive | 100% |
| Insurance | Short/medium/long-term | Political | 100% |
Performance highlights
What's new?
- Carries out activities according to the Export Insurance Act (activity on the state’s account) and the Insurance Code (activity on the account of BAEZ)
- BAEZ uses an online web portal to facilitate communication and maintain constant contact with its clients
- BAEZ continued to provide insurance coverage to Bulgarian exporters in response to COVID-19 crisis