The Polish clothing brand, CDRL S.A. (Coccodrillo), signed a PLN 10m loan agreement with Bank Gospodarstwa Krajowego. The financing is combined with a KUKE's insurance which covers the investment against political risk.
BGK signed a framework agreement with Belarusian Belarusbank for granting loans to the buyer’s bank on the Belarusian market. The agreement will considerably simplify lending procedures and facilitate the financing of Polish exports to Belarus.
Export and domestic receivables insured by KUKE grew in 2018 twice was fast as the market average. The value of this turnover in KUKE reached PLN 43.5 bn, which means an increase of 20% on an annual basis.
KUKE together with Bank Pekao S.A. have made available a new financial solution supporting Polish exporters. It consists of an advance payment bond and pre-financing of the export contract combined with a loan repayment guarantee.
The solutions supporting Polish exports jointly offered by KUKE and BGK have also proved attractive for importers from developed countries, giving them and their banks access to financing on even better terms than those available in their home markets
Recent political developments in Ukraine resulting from the Russian-Ukrainian confrontation in the Azov Sea have not affected KUKE’s long-term approach to transaction insurance issues between Polish entrepreneurs and their contractors in Ukraine.
Bank Gospodarstwa Krajowego signed a EUR 80.8 million credit facility agreement with an Indonesian investor to finance an investment where Rafako will be the contractor. The loan is secured by KUKE’s insurance policy.
Out of concern for the safety of our Clients and due to the received signals regarding cases of fraud involving impersonation of our Clients' counterparties (debtors), we ask all of you to be particularly vigilant.
The Polish Development Fund has presented the financial services package of the PFR Group addressed to the furniture industry and a special report on the condition and prospects of the Polish furniture market