Improving the Role of Eximbanks/ECAs in the OIC Member States
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3. ECAs IN THE OIC MEMBER COUNTRIES
3.1 Introduction
Relative to other parts of the world, the OIC countries are relatively new to the business of export
credit support and many OIC countries have no facilities at all. From the 57 OIC countries, fewer
than half have facilities. Within the OIC, 23 countries have a total of 26 facilities/institutions
providing export credit and/or export finance.
This chapter looks at each of the 26 facilities/institutions and, where the information is
available, presents data on:
 Status of institution
 Year of establishment
 Corporate form
 Profitability and size of balance sheet
 Products and services, including Islamic finance instruments
 Business volume/level of activity
In addition, analysis is provided on:
 Rationale for intervention in national economy/sector focus
 Relationship with government
 Co-operation with other entities, such as national ECAs, international ECAs, other
Eximbanks, commercial banks (domestic and international) and IFIs etc.)
 Key features of the institution
 Effectiveness
3.1.1 OIC Countries with ECAs
The table below indicates those countries with export credit or finance facilities and the related
institution, agency or program.
Table 2: OIC Countries with ECA Facilities and Corresponding Entity
Country Entity Providing Facilities
Nigeria Nigerian Export-Import Bank (NEXIM)
Senegal Société Nationale d’Assurance du Crédit et du Cautionnement (SONAC)
Algeria Compagnie Algérienne Assurance et de Garantie des Exportations (CAGEX)
Bahrain Export Credit Guarantee Programme under Bahrain Development Bank
Egypt Export Development Bank of Egypt (EDBE)
Export Credit Guarantee Company of Egypt (ECGE)