Institution details
EXIMBANKA SR - Export-Import Bank of the Slovak Republic (Slovakia Eximbank)
Key facts
- Established in 1997
- Ownership: Public
Part of the OECD
Part of the Berne Union
- Grösslingova 1
- +421 2 59398 408
- https://www.eximbanka.sk
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | A+ |
Country rating | S&P | Local currency | A+ |
Products
- Export credit insurance
- Factoring and forfaiting
- Guarantees
- Refinancing loans
- Direct loan
- Other insurance products
Export Credit Insurance
- Insures against foreign debtor’s failure to pay
- Tenor: From 180 days to 2 years (and more in exceptional cases)
- Cover: Commercial and political risks resulting in failure to pay
- Predominant part of the value of goods or services must be of Slovak origin
Factoring and Forfaiting
- Purchase of foreign receivables
- Tenor of receivables: Maturity of receivables aged between 30 and 60 days
- Tenor of financing: Ranges between 1 and 5 years
- Currency: EUR or USD
- Interest rate: EXIMBANKA SR’s cost of funds to obtain the currency plus a margin up to 3.0% per annum
Guarantees
- Non-payment guarantee to lenders to cover qualitative and quantitative conditions of export contracts
- Payment guarantees for general and technology exports up to 80% of loan amount
- Tenor usually matches loan agreement period
Refinancing Loans
- Special-purpose refinancing resources to commercial banks to grant export credits
- Tenor: Typically, up to 1 year; renewable
- Eligibility: Exports must be predominantly of Slovak origin
- Fee: Loan margin up to 3% per annum
Direct Loan
- Financing to the exporter or its lender
- Financing types and tenors:
- Operating capital: Usually up to 2 years
- Purchase and modernization of technology: Up to 5 years" - Interest rate: EXIMBANKA SR’s cost of funds to obtain the currency plus a margin up to 3.0% per annum
Export Credit Insurance
- Provided to exporter's bank or other financial (commercial) company that provides credit to the foreign buyer's bank or directly to the foreign buyer
- Risks covered: Political and commercial risks
- Tenor: Over 2 years
- The minimal amount of the insured's participation in an insurance incident is at least 5%, and no more than 50% of the insured amount may be paid to the insured (exporter)
- The foreign buyer must pay more than 15% of the export contract value directly to the exporter prior to, but no later than, the delivery date of the goods and services
Other Insurance Products
- Insurance of loans to finance production destined for export against the risk of non-payment due to exporter’s inability to comply with export contract terms
- Manufacturing risk insurance
- Overseas investment insurance for Slovak legal entities
- Insurance of a confirmed export irrevocable documentary L/C
- Insurance of bank guarantees issued in relation to export contract award or performance terms
Modality | Tenor | Cover type | coverage |
---|---|---|---|
Insurance | Short/medium/long-term | Comprehensive | Unspecified |
Guarantee | Short/medium/long-term | Comprehensive | 80% |
Direct loan | Short/medium/long-term | Comprehensive | 100% |
Performance highlights
What's new?
- EXIMBANKA signed a EUR 50 million loan agreement with EIB that will support the Slovakian SME segment and medium-sized enterprises
- EXIMBANKA SR can support concessional loans for a public buyer of Slovak goods and services, with a repayment term of up to 2 years or more
- Cooperation agreements with 50 institutions in 30 countries