Exporters and importers will benefit
Image: Peter Altmaier, former Federal Minister for Economic Affairs and Energy with the financing experts Eva Rösler (Nairobi), Eva Christine Steinhaus (Dubai) and Markus Leichum (Singapore)
Expanded advisory service
German exporters and banks are quite familiar with the United Loan Guarantees of the Federal Republic of Germany as cover and financing instrument. However, abroad the so-called UFK-Garantien is partly unknown although it offers foreign exporters quite a number of advantages. For this reason, the Federal Government expands its advisory services in selected countries. This means that experts will also offer advice and support locally to Project developers and financing banks.
Support on the spot
Our financing experts are offering their services in the German Chambers of Commerce (AHKs) at Dubai, Singapore, Nairobi and the German ECA Desk in Türkiye. They will support German importers, as well as exporters and banks on the spot. The support will be closely coordinated with the tried and tested advisory service of Euler Hermes in order to guarantee interlocking assistance from Germany and in the country of destination. The financing experts’ focus will be on the foreign sellers and local commercial banks, which will receive individual advice on the spot according to their needs. Besides, project stakeholders – especially small and medium-sized enterprises – are offered advice and support at meetings locally.
Competence in the target markets
The financing experts are active on a regional level. They support suppliers and banks in Southeast Asia (from Singapore), East Africa (from Nairobi), the MENA region (from Dubai) and the Turkish market (from Istanbul). Personal assistance in the regions and the fact that the financing experts are located in the respective German Chambers of Commerce with their established local networks and the wide range of services they offer, provide for additional synergies.
How you can benefit
With backing from the Federal Government the credit risk decreases. This has a positive effect on the financing conditions. In many cases, it is this fact that makes financing possible in the first place with an UFK-Guarantee because you benefit from Germany’s excellent credit rating (AAA rating). Thus, ECA-supported finance “Made by Germany” is an interesting alternative to local loans or bond financing.