References

We are undertaking extensive investments to modernize and expand our production capacity, in anticipation of growing demand for our products both domestically and abroad. KUKE guarantees have significantly increased our creditworthiness, which has enabled us to secure such substantial and long-term financing from the Santander Group. This financing meets our investment needs for the coming years, and servicing it will place a much lighter burden on our cash flow compared to a standard loan.

We have been working with KUKE since December 2019. Throughout this period, the institution has proven itself to be a reliable and professional business partner—committed to collaboration, open to our needs, and responsive in a timely and effective manner. Thanks to the insurance coverage we have, we were able to modify and make our trade credit model more flexible, which significantly boosted our competitiveness in the market and contributed to an increase in revenue. We are very satisfied with KUKE’s offering, which was tailored to our specific needs. It’s a great convenience to be able to handle most matters online through the customer portal. We recommend KUKE’s services to any business that values transaction security while also wanting to offer its customers flexible financial solutions.

PCC Rokita S.A. has been working with KUKE for many years. That is why we recommend its services to all entrepreneurs who are looking for a solid, stable, and reliable business partner in the field of insurance. KUKE’s in-depth knowledge of this field, as well as the expertise and experience of its specialists, provide us with invaluable support in conducting business worldwide. One of the solutions utilized by PCC Rokita S.A. is the “Polisa bez Granic” receivables insurance service. This is a unique product on the Polish insurance market. It is backed by a State Treasury guarantee and covers countries with elevated political risk. This is an extremely important aspect, especially for companies that, like PCC Rokita S.A., operate on a global scale. Today, in the commercial insurance market, it is very difficult to obtain coverage for sales with deferred payment risk to customers in countries with unstable political situations. KUKE offers an excellent product in this area and effectively fills this gap. At PCC Rokita S.A., we conduct our business based on strategic decisions that require market knowledge, risk identification, and effective tools for mitigating those risks. The effective use of these tools is possible with the support of reliable and stable business partners, among whom KUKE ranks. Thanks to our cooperation with this partner, we are able to carry out and expand sales of our products in various regions of the world in an effective and secure manner.

We have been working with KUKE for nearly 23 years. During this time, we have utilized—and continue to utilize—insurance for investments as well as domestic and foreign receivables. Initially, these insurance policies helped us primarily in our expansion into Eastern markets; currently, they serve as an excellent tool for minimizing risk when dealing with deferred payment terms. We recommend working with KUKE because of its very broad range of receivables insurance options for sales in virtually any market worldwide.

DORACO has been successfully cooperating with KUKE for many years under a general agreement for the provision of contract insurance guarantees. KUKE provides the company with highly professional and flexible services in securing tender bids, ensuring contract performance, and rectifying defects and faults during the warranty period. As part of this cooperation, DORACO is able to issue guarantees for the payment of bid bonds, proper contract performance, the proper rectification of defects and faults, and the refund of advance payments. Highlighting KUKE’s strengths, among which particular attention should be paid to the efficiency and professionalism of day-to-day service, high flexibility, and above all, an understanding of the general contractor’s needs, we sincerely recommend this insurer as a partner in all matters related to securing and issuing guarantees for the execution of construction contracts.

The Decora Capital Group has been working with KUKE continuously since 2010, so our partnership has already weathered several economic crises. KUKE provides our group with support not only in domestic sales but also in exports, where assessing a counterparty’s creditworthiness and financial condition is significantly more difficult. A key benefit of our partnership with KUKE is not only the outsourcing of trade credit risk itself, but also an added value—the assessment of our counterparties’ financial standing, which is provided through the decision to grant an insurance limit. We view KUKE as a stable and predictable partner that supports the growth of our business.

Our business focuses primarily on the domestic market. By using the receivables insurance service offered by KUKE, we diversify and minimize the risk of non-payment by our customers. We value our partnership with KUKE for its professionalism, openness, and willingness to listen to customer needs at all levels of credit risk management.

In the opinion of LOTOS Paliwa, KUKE’s credit risk department, by making sound decisions regarding customer assessments, plays an active role in the proper selection of our customer portfolio. An efficient communication system and long-standing cooperation have contributed to the timely resolution of issues related to credit limits, debt collection, and compensation payments. The user-friendly website contains all necessary information about policies, limits, and debt collection. We recommend working with KUKE due to its comprehensive approach, as well as its reliability and professionalism in making credit decisions, its efficiency and speed in debt collection, and its meticulousness and timeliness in paying out claims. KUKE’s representatives are characterized by excellent manners, industry knowledge, and effectiveness. Based on our cooperation to date and our experience, I can recommend KUKE as a competent and proven partner.

For many years, we have been using KUKE’s contract guarantees: performance bonds, warranty bonds, and advance payment bonds. Thanks to these insurance guarantees, we do not have to tie up cash in the costly security measures required by the investor, and we can compete in subsequent bids to win new contracts. The guarantees relieve our company of the need to provide other forms of contract performance security. Importantly, subsequent guarantees are issued by KUKE quickly and efficiently thanks to the previously signed master agreement.

The support provided by KUKE gives us the confidence to finance our clients’ international expansion and effectively contributes to strengthening Poland’s economic potential. In assisting domestic exporters, we efficiently combine the best practices of the banking sector and the know-how of the international financial group to which we belong with the professional operations of a dynamic insurance institution that assumes the primary risk for the success of projects even in the most distant markets. Developing our cooperation with KUKE is one of our key goals for the coming years.

In 2018, Bank Pekao began close cooperation with KUKE in the area of export financing. The guarantee and insurance products that the bank can utilize when structuring an export financing transaction are crucial to the competitiveness of Polish companies’ offerings abroad. The new solutions made available by KUKE to the financial sector create opportunities for a more flexible approach to providing the necessary liquidity to Polish companies engaged in foreign trade.

For years, KUKE has been one of the key financial institutions supporting the development of the construction sector in the multi-billion market for infrastructure investments and strengthening the position of domestic construction companies both at home and abroad. However, its role is not limited to offering contract insurance guarantees—it also actively shares its knowledge and experience within the PZPB forum and plays an active role in establishing standards for cooperation between the construction industry and the financial sector.

Securing contracts in the Ukrainian market in cooperation with KUKE will ensure significant growth for Feerum. The total value of orders from Ukraine amounts to nearly 210 million PLN. We are thus strengthening our position in the region, and Ukraine will soon become the leader among our foreign partners. We hope this will pave the way for further orders from Ukraine and continued cooperation with KUKE.

The GAP EX insurance currently offered to Polish exporters by KUKE proved to be a crucial source of support for us. Without it, we would have lost a significant portion of our sales to the Czech Republic, Slovakia, Hungary, and Romania.

The fulfillment of orders from major clients and industry leaders in the African transportation market, as part of export sales financing, is made possible through cooperation with financial institutions of the Polish Development Fund that support Polish exports: Bank Gospodarstwa Krajowego, which collaborates with KUKE. This support ensures the secure execution of transactions with customers and contributes to the tangible growth of Wielton Africa.

After reviewing the options available on the market, we decided to partner with KUKE and take advantage of the GAP EX insurance offered during the pandemic. Thanks to this partnership, we were—and continue to be—able to mitigate the effects of the coronavirus in the area of accounts receivable insurance. The preferential terms guaranteed by KUKE are also significant, as they help us maintain profitability.