Following the European Commission’s REPowerEU plan and the establishment of an EU platform for the purchase of natural gas and liquefied natural gas (LNG), EXIMBANKA SR has been mandated to provide financial products to Slovak entities that purchase gas and LNG through the EU Energy Platform.
EXIMBANKA SR, following the new mandate, issues the so-called. stand by letters of credit (SBLCs) and bank guarantees for the obligations of Slovak companies purchasing gas or LNG through the AggregateEU mechanism, or issue counter-guarantees in favour of commercial banks.
The aim of joint gas purchases is to protect EU citizens and economies from excessive market prices for gas and to ensure that Slovak industry and households have enough of this commodity. This gives Slovak companies access to new or additional sources of gas, which can also contribute to lower prices. The main mission of EXIMBANKA SR is to support Slovak exporters through banking and insurance products.