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Instrumenty wsparcia
Institutions and instruments of financing export
Bank Gospodarstwa Krajowego
Bank Gospodarstwa Krajowego, This is a Polish National Development Bank/ This is as a highly credible state financial institution that specializes in servicing the public finance sector.
It provides economically effective and operationally effective support for state socio-economic programs and local government regional development programmes.
The Polish National Development Bank specialises in serving the public finances sector.
The mission of the National Development Bank is efficient and cost-effective implementation of activities commissioned by the State. This is supplemented by the development of an attractive offer of own activities for selected market segments in which the bank can use its natural advantages.
Bank Gospodarstwa Krajowego administers the DOKE program (export interest subsidies), which is an instrument to support exports financed with medium- and long-term loans with fixed interest rates.
Doke
The DOKE program is a system for stabilizing interest rates on export credits that may be granted to buyers by domestic banks, foreign banks or international financial organizations. It consists in mutual settlements of differences in interest rates (subsidies or surpluses) between BGK and the bank granting the export credit, with which the DOKE Agreement regarding the supported transaction was signed.
Financial Support for Exports
Under the Governmental Program Financial Support for Exports, BGK grants foreign buyers (directly or through the buyer's bank) loans to finance export contracts for the purchase of Polish goods and services. Funds from credits are paid directly to domestic exporters, and foreign buyers, after delivery of goods/services, repay the credits.
BGK insures with Korporacja Ubezpieczeń Kredytów Eksportowych S.A. loans granted under the Government Export Support Program, while completing all the required formalities.
Credit to the buyer granted by the buyer's bank
Kredyt dla nabywcy udzielany poprzez bank nabywcy (importera) przeznaczony jest na finansowanie zakupu polskich towarów i usług inwestycyjnych, dokonywanego na podstawie kontraktów eksportowych zawieranych przez polskich eksporterów z importerami ze 190 krajów świata.
Credit to the buyer granted directly
The export credit for the buyer (importer) is intended to finance the purchase of Polish goods and investment services based on export contracts concluded by Polish exporters. Under this instrument, the Borrower is a direct importer of Polish goods or services. The basic collateral for the loan is insurance of receivables under the loan in Korporacja Ubezpieczeń Kontraktów Eksportowych S.A. (KUKE)
Benefits
Making the exporter's commercial offer more attractive by supplementing it with an offer of financing with a loan granted by BGK.
Possibility of competing in international tenders with exporters from other countries who have support instruments in the form of export credit agencies (ECA) policies.
Safe execution of contracts on high-risk markets.
The possibility of gaining new sales markets.
The possibility of concluding contracts of higher value.
Transfer of the risk of payment for the goods to BGK and KUKE SA.
Receipt of payment for goods or services already during the performance of the contract or after delivery (performance).
Improving the liquidity of the company.
long loan repayment period.
Charging the importer with credit costs.
More information: https://www.trade.gov.pl/pl/niezbednik-eksportera/ Finansowanie/Tu-znadziesz-pomoc-instytucje- Finansowe/12060,bank-gospodarstwa-krajowego.html, http://www.bgk .com.pl
Source: PAP, BGK, KUKE
Export Credit Insurance Corporation Joint Stock Company
(Korporacja Ubezpieczeń Kredytów Eksportowych Spółka Akcyjna) KUKE S.A
Export Credit Insurance Corporation (KUKE) is a company that insures commercial transactions of Polish entrepreneurs.
Export Credit Insurance Corporation Joint Stock Company, as the only insurance institution in Poland, can help in safe trade on foreign markets. It operates on the basis of the Act of 7 July 1994 on export insurance guaranteed by the State Treasury, and is authorized to offer insurance of export receivables with State Treasury guarantees.
The purpose of this insurance is to provide protection to enterprises based in the territory of the Republic of Poland that export domestic goods and services against losses incurred in connection with the performance of export contracts.
Thanks to the guarantees of the State Treasury, we ensure the protection of Polish exporters' receivables from the so-called non-market risk, i.e. both political risk of the country of transaction (understood as the risk of changes related to the decision of the debtor's country, payment moratorium or force majeure) and commercial risk (lack of payment for the delivery of goods or performance of services due to legally declared insolvency or delay in meeting obligations payments by the debtor). This insurance may cover trade credit transactions for up to two years with a separate group of 30 countries, e.g. Russia, Ukraine, Belarus, Kazakhstan.
The Corporation's offer also includes medium and long-term contract insurance, enabling Polish exporters to deliver capital goods and build complete investment facilities on credit terms, and to provide domestic and foreign institutions with financing for the implementation of these projects with a repayment period of two or more years.
KUKE S.A. also offers supplementary products - insurance guarantees, insurance for entrepreneurs looking for new markets and making direct investments abroad.
With regard to insurance of export contracts financed with a credit for 2 and more years, there are minimum thresholds for insurance rates, set as part of the OECD Consensus. In the case of insurance of export contracts guaranteed by the State Treasury with a credit period of less than 2 years against non-market risk, the Corporation is obliged to apply rates calculated on the basis of the principles set out by the Export Insurance Policy Committee.
Insurance of export sales of goods and services covers sales related to the provision of services of the export of goods outside the territory of the Republic of Poland, including to the territory of the European Union.
More at: www.kuke.com.pl
Source: Export Credit Insurance Corporation
3. Regional Financing Institutions
Regional Financing Institutions (RIF) are regional partners of the Polish Agency for Enterprise Development, cooperating in the implementation of programs addressed to micro, small and medium-sized enterprises.
Basic functions of RIF:
- providing information on available grant programs and terms of participation
- administration of implemented programs
- cooperation with the Polish Agency for Enterprise Development in the field of substantive and financial monitoring of implemented programs
- preparation of substantive and financial reports
- maintaining a database of program participants
Lublin province
RIF name: Lublin Development Foundation
ul. Rynek 7
20-111 Lublin
tel. 81 528-53-02
fax. 81 528-53-04
ul. Tomasza Zana 41
20-601 Lublin
tel. 81 528-53-51
fax 81 528-53-52
e-mail: lfr@lfr.lublin.pl
ul. Wallenroda 4C
20-607 Lublin
tel. 81 528-43-01
fax. 81 528-43-02