Interim and
Annual Reports

In 2020, the Federal Government supported business worth 16.7 billion euros with export credit guarantees. The COVID-19 pandemic led to a sharp increase in the number of applications for export credit guarantees. However, the volume of cover shrank by 20.4% compared with the previous year because there were no big-ticket transactions, e.g. in the transportation sector, and projects were postponed or cancelled. The increase in the number of applications was primarily attributable to the expansion of the cover facilities to include so-called marketable risks, the 5-point package of measures and the Interministerial Committee’s (IMC) decision to attach even greater importance to the stability of the business model and the financial situation before the crisis in addition to up-to-date business figures when checking the commercial risks of foreign debtors. With this decision, the IMC paved the way for cover of supplies and services as well as export finance to be continued.

Downloads

German version: