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Improving the Role of Eximbanks/ECAs in the OIC Member States

152

Albania

Export Credit Guarantee Fund (ECGF)

http://wbc-inco.net/object/organisation/8830

Name of Entity:

Export Credit Guarantee Fund (ECGF)

Status:

Fund under Albania

Investment Development Agency

Corporate Form:

Other - Fund

Year of

Establishment

: 2007

Capital:

Euro 1.6 million

(USD1.8 mn)

Size of staff:

N/A

Financial outturn:

N/A

Assets:

N/A

Product Offerings

Financing

None

Guarantee

The fund provides guarantees that cover collateral offered to lenders in order to

increase exports. Equal conditions and terms of financing apply for both local and

foreign exporters

Insurance

None

Bonding Facilities

None

Advisory and Other Services

None

Islamic Finance Instruments

None

Business Volumes:

N/A

Top Exports / Export Markets:

Products Exported (2013)

HS

Code

Description

Value (USD

Mn)

%

27

Oil & Gas

730

30.2%

50-63

Textiles,

Clothing

384

15.9%

64-67

Footwear

364

15.1%

Others

941

38.9%

Total

2,419

100.0%

Source: UN Comtrade

Top 3 Destinations (2013)

Order

Country

Value (USD Mn)

%

1

Italy

1,088 45.0%

2

China

235

9.7%

3

Spain

227

9.4%

Others

870 36.0%

Total

2,419 100.0%

Source: UN Comtrade