Supporting exports is our main mission. In addition to financing, providing guarantees, and insurance, we also provide expertise and consulting to identify opportunities for Slovak companies to find their place in foreign markets (especially outside the EU and OECD countries).
Supporting exports is our main mission. In addition to financing, providing guarantees, and insurance, we also provide expertise and consulting to identify opportunities for Slovak companies to find their place in foreign markets (especially outside the EU and OECD countries).
EXIMBANKA SR is the only available Slovak financing product for Slovak exports in Ukraine
Shortly after the outbreak of the war in Ukraine, EXIMBANKA SR experienced a demand from Slovak entrepreneurs to cover risks in the Ukrainian territory.
To at least partially meet the demand of Slovak companies for risk coverage and to support the flow of goods, we have started to cover short-term receivables (up to 90 days and up to a total limit of EUR 10 million).
This limit is actively used by Slovak exporters and is predominantly used to cover both commercial and political risks (under tightened conditions).
We cooperate mainly with Ukrainian buyers, with whom our exporters historically cooperated even before the military conflict and where there is a higher risk coverage requirement. These are mainly exports of agricultural and food sector production, steel products, pharmaceutical products, and products of the chemical industry.
We have been closely monitoring the development of the security situation in Ukraine since the beginning of the conflict, as well as also mapping the interests and opportunities of Slovak entrepreneurs to participate and benefit from cooperation with Ukraine.
We see the strengthening of mutual business relations and the widest possible involvement of the Slovak private sector and investors in the recovery of Ukraine’s economy (Build Back Better) as an important moment for the business sector in Slovakia.
Geographical as well as cultural and historical proximity predestines Slovakia to be an important trading partner of Ukraine.
Eximbanka as the state export-credit agency is mandated and equipped with the most suitable tools that can be used to support such activities of Slovak companies.
Your response will help us identify the needs of Slovak companies in connection with your penetration into the territory of Ukraine, where financial mechanisms are currently being prepared for Slovak entrepreneurs to increase their competitiveness in this territory.
The Slovak private sector should be involved even now to gain the opportunity to fully participate. However, the biggest obstacles are the absence of financial mechanisms, high risk and insufficient information about projects on the Ukrainian side.
Interest in participating in the reconstruction of Ukraine is also shown by the launched financial mechanisms for the involvement of the domestic business sector in several European and non-European countries (e.g. Poland, Czech Republic, Denmark, Germany, Great Britain, the Netherlands and others).
It is the supply of goods of an investment nature that is of great importance for the recovery of the Ukrainian economy and in building business partnerships, both at the B2B and B2G levels.
The involvement of Slovak entrepreneurs is possible even today with Eximbanka having the products enabling exporters to carry out their transactions, however, on an individual basis.
Naturally, the most common obstacles are still high risks associated with military conflict, with other problems seen mainly by the entrepreneurs being:
Within the EU, financial and guarantee schemes are being developed for financial institutions, which can thus provide greater coverage than they would normally offer (given the high risk). These tools will also be available to Slovak businesses. Although this is long-term financing, a decreasing risk profile of transactions can be assumed given the extensive, coordinated, and concentrated support to Ukraine.
The European Commission has proposed a new EUR 50 billion facility for Ukraine – the Ukraine Facility (UF).
The Ukrainian Investment Framework, which is Pillar II of the Ukraine Facility, is to aim to attract and mobilise up to an additional EUR 50 billion of public and private investment.
Basic parameters of the scheme for supporting transactions to Ukraine:
Through guarantees and blended financing for the recovery and reconstruction of Ukraine, through political risk insurance and de-risking.
Financial institutions (exclusively Pillar Assessment certified institutions) such as Eximbanka
1/3 grants, 2/3 loans
EUR 8.5 billion of portfolio/project guarantees (+ EUR 1.5 billion for blending)
Opening of the Ukraine Investment network investment fund for new projects – 1st quarter of 2024, implementation of programmes in 2025
Critical infrastructure – in particular energy, social infrastructure, construction, and modernisation of the economy
Potential for Slovak businesses: especially for companies operating in the B2G segment, also suitable for investors and companies operating in areas that cover Ukraine’s key priorities. If you are interested, let us know your priorities through our short questionnaire.
Another available instrument is the European Investment Fund (EIB) initiative, a subsidiary of the EIB, for SME transactions only.
Guarantee instrument for transactions to Ukraine up to about EUR 10 million
however, it is good to focus mainly on critical infrastructure and recovery (see sectoral priorities under the Ukraine Facility)
For companies, the benefits are mainly reduced security requirements for banks, extended loan maturities and availability even for harder-to-finance companies (practically also suitable for start-ups).
EUR 300 million provisionally allocated for all guarantees (drawdowns on a “first come first served” basis).
Call for projects (approx. 2nd or 3rd quarter of 2024), evaluation of successful projects/portfolios (approx. 3rd quarter of 2024), subscription approx. 1st or 2nd quarter of 2025
especially for enterprises operating in the B2G segment, also suitable for investors and companies operating in areas that cover key priorities of Ukraine. If you are interested, let us know your priorities through our short questionnaire.
After submitting the form, you will then be a member of our staff will contact you
