Improving the Role of Eximbanks/ECAs in the OIC Member States
141
Name of Entity: Export Credit and Guarantee Company (ECGE)
Status: Public (majority) and Private
Sector Ownership (EDBE, 70.55%;
National investment Bank, 21%)
Corporate Form: Joint Stock Company
Year of Establishment: 1992 Capital: EGP 250 million
(USD 36.4 million)
Size of staff: N/A
Financial outturn: (Net income)
2011 2012 2013
EGP mn 28.5 31.1 3 36.5
USD mn 5.32
Assets: N/A
Product Offerings
Financing
 Factoring including export, import and domestic factoring
Guarantee: None
Insurance
 Whole turnover policy
 Single shipment policy
 Domestic credit insurance
 Unconfirmed letters of credit policy
 Services policy
 Export, import and domestic factoring
 Insurance, finance and collection of export and domestic trade receivables on recourse and non-
recourse basis
Bonding Facilities: Standby LCs - Unconfirmed letters of credit policy
Advisory and Other Services: Information reports for buyers
Islamic Finance Instruments: None
Business Volumes:
2012
USD
Mn
ST Export Credit
Insurance
130
Source: Aman Union Performance
Report 2012
Top Exports / Export Markets
Products Exported (2013)
HS
Code Description
Value (USD
Mn) %
27 Oil & Gas 11,265 40.4%
50-63 Textiles, Clothing 3,291 11.8%
28-38 Chemicals 2,868 10.3%
Others 10,472 37.5%
Total 27,896 100.0%
Source: UN Comtrade
Top 3 Destinations (2013)
Order Country
Value (USD
Mn) %
1st Italy 2,486 8.9%
2nd India 2,420 8.7%
3rd Saudi Arabia 2,083 7.5%
Others 20,906 74.9%
Total 27,896 100.0%
Source: UN Comtrade