Improving the Role of Eximbanks/ECAs in the OIC Member States
158
Mn)
1 China 25,390 40.2%
2 Turkey 10,383 16.4%
3 India 10,032 15.9%
Others 17,352 27.5%
Total 63,157 100.0%
Source: UN Comtrade
Export Guarantee Fund of Iran (EGFI)
Name of Entity: Export Guarantee Fund of Iran (EGFI)
Status: Full Government Ownership
(100%)
Corporate Form: State-Owned Company
Year of Establishment:
1994
Capital: IRR 1,978 billion (USD
201 million)
Size of staff: N/A
Financial outturn: net profit
2009 2010
IRR mn 153 642
USD mn 15.6 65.2
Assets: N/A
Product Offerings
Financing: None
Guarantee
 Manufacturers Credit Guarantee
 Local Currency Credit Guarantee
 Foreign Exchange Credit Guarantee
 Buyers Credit Guarantee
Insurance
 Whole Turnover Policy
 Technical and Engineering Services Policy
 Specific Policy
 Investment Policy
 Export Contract Frustration Policy
 Discounting of Export Bills Insurance Policy
 At sight L/Cs Insurance Policy
Bonding Facilities: None Islamic Finance Instruments: None
Advisory and Other Services
 Consultancy services in law, international sales contract conclusion, market research, countries or
banks risk, foreign buyers’ creditability assessment and trade techniques and connecting exporters to
the related local & international export entities Investment Operations: An investment department
was established in 2003 to invest in companies registered at Tehran’s Stock Exchange and in projects
abroad and in non-oil export promotion (including industry, agriculture, mines and services) in line
with non-oil export promotion. It also forms partnership with banks in reinsuring credits.
Business Volumes:
USD
Mn
Year
ST Export Credit Insurance 151 2012
Foreign Invest. Insurance 304 2013
Top Exports / Export Markets:
Products Exported (2013)
HS Code Description Value (USD Mn) %
27 Oil & Gas 49,396 78.2%
28-38 Chemicals 4,310 6.8%