Export Credit Greece
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.
- Company typePrivate
- Founded2022
- HeadquartersAthens, Greece
- Headcount51–100
- GTM typeB2B
- OfferingServices
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.
Export Credit Greece firmographics
Firmographics- 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
Export Credit Greece industry classification
Industry- 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
Where Export Credit Greece is headquartered
LocationHeadquarters
- HQ city
- Athens
- HQ country
- Greece
- HQ region
- Europe
Offices2 records
Markets served
Export Credit Greece business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Others, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- 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.
- Guarantee Fees: Fees for providing guarantees to banking institutions that vouch for the creditworthiness of businesses to facilitate their financing
- Financing Facilitation: Facilitation of export financing through banking institutions, potentially including fees for arranging financing solutions for exporters
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom insurance products based on exporter profile and buyer risk assessment |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Export Credit Greece product offering
Product offeringCore 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
Companies that use Export Credit Greece
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Export Credit Greece technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature3 records
Export Credit Greece partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- Export Credit Agency (ECA) UkrainecoreMemorandum of Understanding signed to strengthen international cooperation and support for exporters in both countries.
- Uzbekinvest (Uzbekistan)coreMoU signed with Uzbekinvest Export-Import Insurance Company JSC aimed at strengthening bilateral trade and investment relations.
- Saudi Export-Import Bank (Saudi EXIM)coreNew partnership established through signing of Memorandum of Understanding for cooperation in export financing.
- EXIM HungarycoreMemorandum of Cooperation signed to jointly strengthen international cooperation and export support services.
- Export Insurance Agency of ArmeniacoreNew cooperation memorandum signed to enhance trade and investment relations between the two countries.
- Exim Banca Romaneasca (Romania)coreMoU signed to foster trade and investments between Greece and Romania through export credit cooperation.
- Enterprise GreececoreGovernment agency for promoting Greek exports and investments; ECG participates in business missions organized by Enterprise Greece.
- Jordan Loan Guarantee Corp. (JLGC)coreMoU 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)minorCooperation 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 EximbankcoreMoU signed in the export sector to strengthen cooperation and information exchange for implementing respective actions.
- KUKE (Poland)coreMemorandum of cooperation signed with Polish counterpart agency continuing extroversion actions.
- SEVE (Association of Greek Exporters)coreOngoing collaboration for informational events across Greece to educate exporters about ECG products and services.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
Export Credit Greece competitors and assessment
Company assessmentDirect 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
Export Credit Greece social profiles
Digital presenceExport Credit Greece compliance and trust
Trust signalCompliance2 records
Export Credit Greece financial estimates
Financial estimateRevenue estimate
Valuation estimate
Export Credit Greece leadership team
Management profileNumber of profiles
Profiles4 records
Export Credit Greece subsidiaries and ownership
Company hierarchySubsidiaries1 record
Export Credit Greece funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Export Credit Greece M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Export Credit Greece
What does Export Credit Greece do?
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.
Is Export Credit Greece a public or private company?
Export Credit Greece is a private company. It is classified as state government owned and is currently operating.
When was Export Credit Greece founded?
Export Credit Greece was founded in 2022. It employs 51 to 100 people.
Where is Export Credit Greece based?
Export Credit Greece is headquartered in Athens, Greece, in the Europe region.
How does Export Credit Greece make money?
Three revenue lines are on record. Export Credit Insurance Premiums are the primary driver. The others are guarantee Fees and financing Facilitation.
Who are Export Credit Greece's main competitors?
Direct peers on record are Exim Banca Romaneasca, Coface, Atradius, KUKE (Korporacja Ubezpieczeń Kredytów Eksportowych), EXIM Hungary (Hungarian Export-Import Bank) and Turk Eximbank. Regional players are ECA Ukraine, Uzbekinvest (Export-Import Insurance Company) and Saudi EXIM (Saudi Export-Import Bank). Euler Hermes (Allianz Trade) is listed as a broad incumbent.
Does Export Credit Greece have an API?
No public API is recorded for Export Credit Greece.
What industry is Export Credit Greece in?
Export Credit Greece's product category is Export Credit Insurance. Its primary akta.pro industry code is FSABAKAC, Export Credit Agencies (ECAs) & Official Export Finance, with a secondary code of BPADACAF, Export Credit Agencies (ECAs) & Trade Finance Institutions. Its NAICS code is 522 and its SIC code is 6111.