Export Guarantee and Insurance Corporation (EGAP) | Export credit agency (ECA) in Czech Republic

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Export Guarantee and Insurance Corporation (EGAP) | Export Credit Agency (ECA) in Czech Republic

About Export Guarantee and Insurance Corporation

Export Guarantee and Insurance Corporation (EGAP) is a credit insurance corporation that insures credit connected with the export of goods and services from the Czech Republic.

It focuses on political and commercial risks that make certain exports uninsurable by commercial insurance brokers. 

EGAP insures bank loans that are due in over two years and are intended to finance the export of energy, machinery and technological systems, investment projects, transport constructions and investments. 

Such exports are usually headed to countries where the political, economic, and legal environment increases the risk of default. 

EGAP complements its range of commercial credit insurance products by acting as a standard export credit insurance company to promote exports from the Czech Republic. 

It provides insurance services to all exporters of Czech goods, services, and investments, irrespective of their size, legal form, or volume of insured exports.

Key Stats

Name

Export Guarantee and Insurance Corporation (EGAP)

Country

Czech Republic, Europe

CEO

Ing. Jan Procházka

Founded

1992

Employees

120

Government:

Czech Ministry of Finance

Company Number

45279314

Address

Vodičkova 34/701 111 21 Prague 1

Email Address

info@egap.cz

A summary of EGAP

EGAP – Benefits of using an ECA in Czech Republic

  • State-backed insurance not only benefits exporters themselves, but also benefits their subcontractors and suppliers, who are usually small and medium-sized enterprises (SMEs).
  • EGAP gives exporters an opportunity to seek business opportunities outside of the European Union (EU) in the rapidly growing markets of Asia, Africa, and Latin America.
  • Businesses that export to these regions not only gain valuable revenue and experience, but will also gain references and connections for establishing new business contacts.

Products and services offered by EGAP

The structure of its insurance products enables EGAP to cover credit risks connected with the export of goods and services to higher-risk foreign markets, from the financing of production to the issuance of guarantees for an exporter. Examples of such products include:

  • Insurance of exporter supplier credit against the risk of non-payment
  • Insurance of export supplier credit financed by a bank against the risk of non-payment
  • Insurance of a confirmed letter of credit
  • Insurance of credit for pre-export financing of production for export
  • Insurance of bank guarantees
  • Special products for SMEs

Website

Raw Materials

From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio

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Finished Goods

Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished

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Metals

From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals

Read More

Speak to our trade finance team



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