Financing experts abroad
Expansion of the local advisory service
Exporters and importers benefit
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.
This is new
In Dubai, Nairobi and Singapore, financing experts are now active in the local German Chambers of Commerce Abroad (AHKs) and in Latin America. They support German importers, exporters and banks locally. The support is closely coordinated with Euler Hermes' proven advisory services in order to ensure interlinked support from Germany and in the target country. One focus of the financing experts is on foreign exporters, who are advised individually on site according to their needs. In addition, the project participants can be supported and accompanied locally with questions and appointments.
Competence on site
The financing experts will be active regionally. They support clients and banks in South East Asia (from Singapore), East Africa (from Nairobi), the MENA region (from Dubai) and Latin America. The personal support on site as well as the location at the respective AHKs with their established local network and their wide range of services creates 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.
