Export Credit Greece

What Export Credit Greece does

Export Credit Greece S.A. is Greece's state-owned national export credit agency, established in its current legal form under Law 4918/2022 and supervised by the Minister of Foreign Affairs. The organization succeeded the Export Credit Insurance Organization (ΟΑΕΠ), which had operated for more than 30 years in the Greek market, and was restructured in 2022 to broaden its mandate from export credit insurance to a three-pillar model spanning export credit insurance, financing, and bank-facing guarantees. It serves Greek businesses conducting international trade transactions and investments, with deliberate emphasis on small and medium-sized exporters who face higher perceived risk and limited internal resources for market research and credit assessment. The company is headquartered in Athens with a regional office in Thessaloniki and reports a workforce of 51–100 employees.

The product portfolio is built around (1) Export Credits — coverage up to 95% of invoice value against commercial risks (buyer insolvency, payment delay, arbitrary contract termination) and political risks (force majeure, transfer risk, import license cancellation, moratorium); (2) Financing — facilitation of bank credit and working-capital solutions for exporters; and (3) Guarantees — instruments issued to banking institutions that vouch for exporter creditworthiness to unlock funding. An add-on product, interactive Risk & Export Maps, provides country-level risk analysis and Greek export performance data by region. Underlying technology consists of credit assessment and risk-analysis systems, proprietary scoring models and algorithms based on historical cases and financial forecasts that set per-buyer revolving credit limits, and insurance policy management systems. Pricing is quote-based, contract-by-contract, and not publicly disclosed.

The go-to-market model is a dedicated direct sales team supported by institutional partnerships — primarily with the Greek banking sector for guarantee-backed financing, and with the Association of Greek Exporters (SEVE), local chambers of commerce, and Enterprise Greece for SMB outreach. Distribution is exclusively domestic to Greek exporters, but the agency has rapidly built an international cooperation network of memoranda of understanding with counterpart export credit agencies in Türkiye, Poland, Jordan, Romania, Armenia, Hungary, Saudi Arabia, Uzbekistan, and Ukraine. Revenue is generated through insurance premiums, guarantee fees, and transaction-related financing facilitation fees; specific financial figures are not publicly disclosed. The company has also established a wholly-owned insurance subsidiary to broaden its underwriting capacity.

Name

Export Credit Greece

Legal name

Ελληνική Εταιρεία Εξαγωγικών Πιστώσεων Α.Ε. – Export Credit Greece S.A.

Website

https://ecg.gr

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Export Credit Greece S.A. is a state-owned export credit agency supervised by Greece's Minister of Foreign Affairs, providing export credit insurance (up to 95% of invoice value), bank-facing guarantees, and financing to Greek businesses engaged in international trade.

Ownership category

akta.pro rank

Product category

Export Credit Insurance

NAICS

Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), International Affairs (9721)

akta.pro primary industry

Export Credit Agencies (ECAs) & Official Export Finance (FSABAKAC)

akta.pro secondary industries

Export Credit Agencies (ECAs) & Trade Finance Institutions (BPADACAF), Structured Trade & Export Credit (ECA-backed, Structured Solutions) (FSABAHAJ), Trade Finance, Export Credit & Risk Mitigation (BPADAMAG)

Keywords

• Export credit insurance
• Trade credit guarantees
• Export financing
• Political risk coverage
• Buyer risk assessment

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Export Credit Insurance Premiums: Insurance premiums charged to Greek exporters for coverage of commercial and political risks associated with international trade transactions. Coverage up to 95% of invoice value is available.
2. Guarantee Fees: Fees for providing guarantees to banking institutions that vouch for the creditworthiness of businesses to facilitate their financing
3. Financing Facilitation: Facilitation of export financing through banking institutions, potentially including fees for arranging financing solutions for exporters

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Export Credit Greece S.A. is Greece's state export credit agency that provides three core offerings to Greek exporters: (1) export credit insurance covering commercial risks (buyer insolvency, payment delays, arbitrary contract termination) and political risks (force majeure, transfer risk, import license cancellation, moratorium), (2) guarantee instruments that vouch for exporter creditworthiness to banking institutions, and (3) financing facilitation through banking partnerships. The agency also provides interactive Risk & Export Maps for country-level risk analysis and Greek export performance data.

Product overview

Export Credit Greece S.A. is a government export credit agency offering a three-pillar product portfolio: (1) Export Credits insurance covering commercial and political risks for exporters, (2) Financing solutions to facilitate access to capital, and (3) Guarantees to banking institutions to support exporter creditworthiness. The company also provides interactive Risk & Export Maps for market intelligence. The organization succeeded the former Export Credit Insurance Organization (ΟΑΕΠ) following rebranding under Law 4918/2022 and is supervised by the Minister of Foreign Affairs.

Differentiator

Problem solved

Functional benefit

Products and services

• Export Credits (Export Credit Insurance) Core export credit insurance covering commercial risks (buyer insolvency, payment delays, arbitrary contract termination) and political risks (force majeure, transfer risk, import license cancellation, moratorium) for Greek exporters engaged in international transactions, with coverage up to 95% of invoice value.
• Guarantees Guarantee instruments where ECG guarantees the creditworthiness of businesses to banking institutions to facilitate their financing, providing a new pillar of export support introduced after the 2022 transformation.
• Financing Financing solutions provided to Greek exporters to facilitate export activities, including coordination with banking institutions for credit access and working capital support.

Quantifiable outcome

• Maximum 95% coverage of invoice value for exports
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Export Credit Agency (ECA) UkrainecoreStrategic or Co-development Partner · 22 October 2024Memorandum of Understanding signed to strengthen international cooperation and support for exporters in both countries.
• Uzbekinvest (Uzbekistan)coreStrategic or Co-development Partner · 22 October 2024MoU signed with Uzbekinvest Export-Import Insurance Company JSC aimed at strengthening bilateral trade and investment relations.
• Saudi Export-Import Bank (Saudi EXIM)coreStrategic or Co-development Partner · 18 June 2024New partnership established through signing of Memorandum of Understanding for cooperation in export financing.
• EXIM HungarycoreStrategic or Co-development Partner · 23 May 2024Memorandum of Cooperation signed to jointly strengthen international cooperation and export support services.
• Export Insurance Agency of ArmeniacoreStrategic or Co-development Partner · 22 May 2024New cooperation memorandum signed to enhance trade and investment relations between the two countries.
• Exim Banca Romaneasca (Romania)coreStrategic or Co-development Partner · 21 May 2024MoU signed to foster trade and investments between Greece and Romania through export credit cooperation.
• Enterprise GreececoreStrategic or Co-development Partner · 4 March 2024Government agency for promoting Greek exports and investments; ECG participates in business missions organized by Enterprise Greece.
• Jordan Loan Guarantee Corp. (JLGC)coreStrategic or Co-development Partner · 12 February 2024MoU signed to establish cooperation framework for supporting trade and investment between Jordan and Greece. Focus areas include enhancing trade relations, exploring mutual opportunities for insurance/reinsurance services, and exchange of know-how and best practices.
• National Transparency Authority (EAD)minorImplementation/ SI/ Consulting Partner · 25 January 2024Cooperation memorandum for multi-level collaboration in areas including anti-corruption strategy, internal control compliance, integrity mechanisms, fraud and corruption risk management, and awareness activities.
• Turk EximbankcoreStrategic or Co-development Partner · 7 December 2023MoU signed in the export sector to strengthen cooperation and information exchange for implementing respective actions.
• KUKE (Poland)coreStrategic or Co-development Partner · 10 May 2023Memorandum of cooperation signed with Polish counterpart agency continuing extroversion actions.
• SEVE (Association of Greek Exporters)coreStrategic or Co-development PartnerOngoing collaboration for informational events across Greece to educate exporters about ECG products and services.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Exim Banca Romaneasca: Romania's national export-import bank offering trade finance, guarantees, and insurance for Romanian exporters. Exim Banca Romaneasca operates a similar ECA mandate as ECG and signed an MoU in May 2024 to foster bilateral trade and investment cooperation.
• Coface: French-headquartered trade credit insurer with strong global footprint that also operates as the French national ECA-adjacent provider. Coface competes for the same Greek exporter base as ECG, offering commercial credit insurance, buyer assessments, and trade finance support to multinational exporters.
• Atradius: Dutch-headquartered trade credit insurer offering commercial credit insurance, surety, and collections. Atradius serves Greek exporters through regional offices and competes directly with ECG for the same customer base, though Atradius also focuses on large enterprises while ECG has a strong SME focus.
• KUKE (Korporacja Ubezpieczeń Kredytów Eksportowych): Polish national export credit agency that provides credit insurance, guarantees, and financing for Polish exporters. KUKE is the most direct public-sector peer to ECG (similar statutory ECA mandate, product portfolio, and SME focus), and the two signed an MoU in 2023 to deepen cooperation.
• EXIM Hungary (Hungarian Export-Import Bank): Hungary's national export credit bank providing export financing, guarantees, and insurance for Hungarian exporters. EXIM Hungary is a direct public-sector peer with a parallel mandate to ECG, and the two signed an MoU in May 2024 to strengthen cooperation.
• Turk Eximbank: Turkey's official export credit bank offering export credit, guarantees, financing, and insurance for Turkish exporters. Turk Eximbank signed an MoU with ECG in December 2023 and operates a similar three-pillar mandate, making it one of the closest functional peers in the ECA peer network.

Regional players

• ECA Ukraine: Ukraine's official export credit agency focused on supporting Ukrainian exporters in international markets. ECA Ukraine signed an MoU with ECG in October 2024 as part of broader international cooperation between national ECAs serving exporters from their respective jurisdictions.
• Uzbekinvest (Export-Import Insurance Company): Uzbekistan's national export-import insurance company offering insurance and reinsurance for trade and investment. Uzbekinvest operates in Central Asia but serves a similar ECA mandate, and the two signed an MoU in October 2024 to strengthen cooperation.
• Saudi EXIM (Saudi Export-Import Bank): Saudi Arabia's official export credit bank providing financing and insurance for Saudi exporters and imports. Though Saudi EXIM operates in a different geography, its product suite (export finance, guarantees, insurance) is structurally equivalent to ECG's and they signed an MoU in June 2024.

Broad incumbents

• Euler Hermes (Allianz Trade): The world's largest trade credit insurer, operating globally and competing directly with ECG for Greek exporter business. Both entities provide commercial and political risk cover, buyer credit assessment, and debt collection support; Allianz Trade is far larger and offers broader geographic reach while ECG has the state-backed advantage within Greece.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ExportCreditGreece
• Facebookfacebook.com/ecgreece
• LinkedInlinkedin.com/company/exportcreditgreece

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Export Credit Greece