Improving the Role of Eximbanks/ECAs in the OIC Member States
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Kazakhstan
JSC Export Credit Insurance Corporation (KazExportGarant)
Name of Entity: JSC Export Credit Insurance Corporation – KazExportGarant
Status: Full Government Ownership
(100%)
Corporate Form: Joint-stock Company
Year of Establishment:
2003
Capital: USD 73 million Size of staff: N/A
Financial outturn: N/A Assets: N/A
Product Offerings
Financing: None Guarantee: None
Insurance
 Exporters Credit insurance protects exporter against an insured accident including non-payment
of buyer
 Investment Insurance
 Insurance of foreign investments (for investors) protects domestic investors against political
risks in the country of investment
 Credit insurance for importer (for banks)
 Documentary Credit Insurance (for banks) protect exporter’s bank (confirming) against
commercial and political risks of default by issuing bank
 Bank payment guarantees insurance (for banks) provided to exporter’s guarantee-issuing bank
 Bank counter-guarantee insurance provided to exporter’s bank to protect against the risk of
default by the counter-guarantor Bank
 Reinsurance ECA
 Reinsurance in the "general insurance" sector
Bonding Facilities: None
Advisory and Other Services
 Advisory services on insurance
Islamic Finance Instruments: None
Business Volumes: N/A Top Exports / Export Markets:
Products Exported (2013)
HS Code Description
Value (USD
Mn) %
27 Oil & Gas 47,067 73.5%
72-83 Metals 6,836 10.7%
28-38 Chemicals 3,721 5.8%
Others 6,376 10.0%
Total 64,000 100.0%
Source: UN Comtrade
Top 3 Destinations (2013)
Order Country
Value (USD
Mn) %
1 China 16,051 25.1%
2 France 7,077 11.1%
3
Russian
Federation 5,665 8.9%
Others 35,208 55.0%
Total 64,000 100.0%
Source: UN Comtrade