Improving the Role of Eximbanks/ECAs in the OIC Member States
74
Malaysia -
MEXIM
x x x x x x x x x x
Pakistan - PEFG x
Turkey - Turk
EXIM
x x x x x x x x
Uzbekistan -
UzbekInvest
x x x
Source: Author
The choice of product offerings stems typically from the business model adopted by the entity. In
addition, a number of OIC ECAs have strong product development focus (such as Turk EXIM and
Malaysia EXIM), introducing facilities that are tailored to the specific needs of their exporters.
4.7. Business Volumes of OIC ECAs
The published data from the OIC ECAs of their respective business volumes shows the relative
sizes of the programs, as well as their “contribution” to national exports. Only 15 entities publish
this data, and many of these published figures are significantly out of date. Those which are
members of the Aman Union provide their business volumes for the insurance market (but some
entities do not report their lending numbers in their submissions, e.g. Turk EXIM). Some caution
should also be exercised with this Aman Union insurance data as it includes domestic credit
insurance and other unrelated products.
Notwithstanding these limitations, the available figures can give a certain idea of the relative
magnitude of each ECA’s business activities.
Table 8: Business Volumes of Select OIC ECAs13
Country – Entity Business Volumes Total Exports
USD million (2013)
BV as a %
exports
USD million Year
Nigeria - NEXIM 49.3 2010 98,334 0.05%
Senegal - SONAC N/A 1,205
Algeria – CAGEX* 1,095 2013 65,884 1.64%
Bahrain - ECGP N/A 10,811
Egypt - EDBE 1,850 2013 29,807 6.21%
Egypt - ECGE N/A 29,807
13 Business Volume data was obtained from ECA Annual Reports, Aman Union Performance Report 2012 and Aman Union
Performance Analysis of Member ECAs for 2013 and other documents. Export data was obtained from UNCOMTRADE.