Institution details
EXIMGARANT - Eximgarant of Belarus (Eximgarant)
Key facts
- Established in 2001
- Ownership: Public
Not Part of the OECD
Not part of the Berne Union
- 2 Melnikaite Street
- (+375 17) 209 40 28
- https://www.eximgarant.by
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | B |
Country rating | S&P | Local currency | B |
Products
- Buyer credit insurance
- Supplier credit insurance
- Other products
Buyer credit insurance
Insurance against risk of non-repayment of credit. Allows the overseas buyer to grant credit to the importer or buyer of domestic products at CIRR in foreign currency, or in RUB at the refinancing rate of the Bank of Russia.
Supplier credit insurance
Insurance covers losses resulting from the borrower's default on obligations under the credit contract regarding the repayment of credit (the principal amount of liabilities) within the time as provided in the credit contract due to the borrower's vulnerable economic standing or insolvency. Export credit to produce goods to be exported:
- Available in EUR and USD at CIRR
- Available in RUB at the refinancing interest rate of the Bank of Russia
- Losses suffered by banks are compensated from the government budget
Other products
- Insurance of short, medium, and long-term export contracts
- Pre-export risk cover
- Investment insurance against political risks
- International leasing transactions cover
- Insurance of the non-repayment risk under credit granted to a resident for investment purposes
- Bonds and L/C insurance
- Export factoring insurance
Performance highlights
What's new?
- A contract of export risks insurance with state support is concluded between the parties by a decision of the government of Belarus, if the liability thereunder exceeds 10% of Eximgarant’s equity
- Insurance Committee: Set up by Eximgarant in order to ensure the efficiency of its activities in the field of export risk insurance, establish a balanced insurance portfolio of the company, as well as insure the acceptable degree of insurance risk