BNP Paribas Bank Polska and Korporacja Ubezpieczeń Kredytów Eksportowych (KUKE) have signed an agreement of intent on cooperation in the field of solutions supporting Polish exporters, KUKE reported.
KUKE will secure financing provided to exporters by BNP Paribas Bank through guarantees and insurance securing the financing of domestic investments generating exports, working capital financing for exporters and financing foreign direct investments made by Polish entrepreneurs, it was stated.
“Together with the BNP Paribas bank, we want to equip thousands of Polish companies with modern tools that will allow them to compete even more effectively on foreign markets and better find themselves in the post-Covid reality. The instruments introduced this year to KUKE’s offer bring benefits to both exporters and the banks financing them. The latter, using our counter-guarantees, which secure up to 80% of the accepted liability, can increase the level of customer financing. As a result, exporters will be able, for example, to invest more in the development of production potential and to intensify external expansion. Together with the banking sector, we can significantly support the development of exports and the entire economy, ”said Janusz Władyczak, President of KUKE, quoted in the press release.