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Export

EUR 53.6 million to support Polish exports in Ukraine

Bank Gospodarstwa Krajowego (BGK) has granted a long-term loan to the Ukrainian investor Nikolsky LLC to finance the construction of a modern shopping centre in Kharkiv. The general contractor will be the Polish construction company Unibep. The loan is secured by a KUKE policy.

17 May 2021

News

Cooperation agreement with United Kingdom Export Finance

KUKE has signed an agreement with its British counterpart United Kingdom Export Finance (UKEF) regarding cooperation on mutual reinsurance of export credits. This is the 16th agreement of this type concluded by KUKE.

17 May 2021

Export

KUKE insures the investment of the Polish clothing brand in Belarus

The Polish clothing brand, CDRL S.A. (Coccodrillo), signed a PLN 10m loan agreement with Bank Gospodarstwa Krajowego (BGK). The funds so obtained will be used for partial refinancing of the purchase of shares in the Belarusian group which manages supermarkets selling articles for children. This is the first use of a BGK loan for acquisitions outside the EU. The financing is combined with a KUKE’s insurance which covers the investment against political risk. This type of package is a completely new solution on the Polish market.

17 May 2021

News

KUKE grows twice as fast as the market

Export and domestic receivables insured by KUKE grew in 2018 twice was fast as the market average. The value of this turnover in KUKE reached PLN 43.5 bn, which means an increase of 20% on an annual basis.

17 May 2021

New solutions

KUKE and Bank Pekao support the construction of a gas compression plant in Estonia by a Polish company

KUKE together with Bank Pekao S.A. have made available a new financial solution supporting Polish exporters. It consists of an advance payment bond and pre-financing of the export contract combined with a loan repayment guarantee. The first to take advantage of this solution was the Kraków-based Control Process, which will now be able to perform two contracts for the construction of a gas compressor station in Estonia. The contracts are carried out as part of the Balticconnector project, i.e. a gas connection from Finland to Estonia.

17 May 2021

Export

Credits supported by BGK and KUKE also attractive for importers from developed markets

The solutions supporting Polish exports jointly offered by KUKE and Bank Gospodarstwa Krajowego (BGK) have also proved attractive for importers from developed countries, giving them and their banks access to financing on even better terms than those available in their home markets. A Norwegian shipowner contracting ferries worth PLN 350 million from a Polish shipyard has recently benefited from such a solution.

17 May 2021

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